Business •
08 Nov '24
(Nairobi) – A woman, known for showcasing her lavish lifestyle on social media, has been arrested in connection with a multi million dollar gold scam. The suspect, whose car, a Mazda CX 5 with registration number KDL 727 A, was also impounded by the Directorate of Criminal Investigations (DCI), is
Business •
05 Nov '24
(Kampala) – MTN Uganda has recommended an increase in its second interim dividend to shareholders following a significant rise in net profit for the third quarter of 2024.
The telecom company reported a 29.6% increase in profit after tax, amounting to 460 billion Ugandan shillings for the f
Business •
05 Nov '24
As Americans vote for their next president on Tuesday, the usual dividing line is often that of the party: Democrat vs Republican. But there are other issues that could play a decisive role in the mind of voters to choose between Vice President Kamala Harris and former President Donald T
Business •
31 Oct '24
Uganda's coffee industry faces a pivotal moment as Parliament deliberates on the National Coffee (Amendment) Bill 2024, which proposes to dissolve the Uganda Coffee Development Authority (UCDA) and integrate its functions into the Ministry of Agriculture. The move, part of the govern
Business •
31 Oct '24
Allan Okello, the former KCCA playmaker, now a linchpin for Vipers, has been in scintillating form, scoring goals and providing assists with breathtaking regularity. His transformation has ignited Vipers' title bid, leaving KCCA, who currently sit in third place, restless and eager to
Business •
29 Oct '24
Coffee farmers in Bukomansimbi District are reaping big and savouring the fruits of labour from growing the brown beans. The farmers are now happy owners of gleaming houses and sleek cars while their children have guaranteed access to good schools that were once out of reach for most of
Business •
24 Oct '24
The Leader of Opposition in Parliament (LoP), Mr Joel Ssenyonyi, has tasked the government to conduct a comprehensive audit to establish how Shs553.71 billion that has been pumped into Atiak Sugar Factory was utilised, saying there is little to nothing on ground to show for the money. Fo
Business •
24 Oct '24
The Ministry of Health has reported the first Mpox death as the cumulative confirmed number of infections rose to 153, about three months after the initial cases were detected in the country. Details from the ministry show the death was reported in Masindi from a person living with HIV.
Business •
21 Oct '24
Mobile phone subscribers in Uganda are now spending an average of Shs13,365 per month on mobile phone services, according to a report by Uganda Communications Commission (UCC). The report, which reviews the quarterly performance of the telecommunication sector, indicates that the average
Business •
16 Oct '24
Insurance companies recorded an increase of Shs104.9b in gross written premiums in the first half of 2024. Details contained in the Insurance Regulatory Authority (IRA) performance report indicate that the sector expanded by 12.65 percent from Shs828.9b recorded in the half year ended Ju