Business •
04 Feb '25
Ugandan lawmakers have urged the government to seek compensation from Kenya following the burning of Uganda House in Nairobi during the protests against the Finance Bill on June 25, 2024.The MPs claimed that Ugand
Business •
26 Jan '25
During a recent Cabinet meeting, a team from NSSF came to present details about the Bwebajja government administrative offices campus which is meant to house offices for all government of Uganda MDAs.The idea is get all the MDAs in one place to increase efficiency while saving on the billions th
Business •
14 Jan '25
During a dramatic turn of events today, the Uganda Police Force displayed remarkable tactical prowess by crushing a dangerous robbery gang that had planned to steal UGX 500 million in broad daylight. The gang had strategically positioned themselves around the up
Business •
07 Jan '25
A miscalculation by the Uganda Revenue Authority (URA) will cost taxpayers Shs709 billion after the High Court’s Commercial Division ordered the refund of wrongly assessed taxes and interest to a United Kingdom-based company.
Business •
04 Jan '25
Rwanda-backed M23 rebels on Friday moved closer to a key town in eastern Democratic Republic of Congo (DRC), capturing a nearby area, sources told AFP.The March 23 Movement (M23), a militia supported by neighborin
Business •
03 Jan '25
Uganda's government has announced a significant shift in its energy sector with the takeover of electricity distribution and sales, a move expected to lower electricity costs. The Uganda Electricity Distribution Company Ltd (UEDCL) has received licenses from the
Business •
20 Nov '24
(Kampala) â Uganda owes $433,582 (UGX 1.679 billion) in ground rent arrears to Kinshasa authorities for a commercial property in the Democratic Republic of Congo (DRC). Despite having the funds, the payment remains stuck due to unclear instructions from the DRC side, raising fears of property s
Business •
15 Nov '24
The Ministry of Energy says opening up new areas will, among others, contribute to the sustainability of oil production. The Ministry of Energy and Mineral Development has opened up three new areas or frontier basins for petroleum activities spanning 17,244 square kilometres across the c
Business •
15 Nov '24
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
Business •
15 Nov '24
The renowned Nyege Nyege International Cultural Music Festival has commenced in Jinja City, bringing with it a vibrant atmosphere and economic potential. This ninth edition is being held at the Jinja Golf Course field, drawing both local and international attention. Jinja traders are eag