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Foreign reserves fall to all time low

Foreign reserves fall to all time low

High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa

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Economy still faces several risks, says BoU

Economy still faces several risks, says BoU

Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot

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Justin Bieber’s ‘Lonely’ sees 1400% sales increase as fans connect song to his history with Diddy

Justin Bieber’s ‘Lonely’ sees 1400% sales increase as fans connect song to his history with Diddy

Justin Bieber’s song “Lonely” is experiencing a significant resurgence, with sales skyrocketing nearly 1,500 copies in the past week, according to Luminate. While this surge hasn’t quite propelled the track onto Billboard charts, it brings it closer to m

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At 62: Singapore innovates, Uganda struggles with waste

At 62: Singapore innovates, Uganda struggles with waste

The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,

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Uganda's activists face increasing digital violence

Uganda's activists face increasing digital violence

According to the National Library of Medicine, research, biomedical informatics and the world's largest biomedical online library, the Covid-19 imposed restrictions led to an inevitable surge in the use of digital technologies to adjust to new ways of interaction, life, and work.  For U

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Family of maid who died in Saudi Arabia awarded Shs250m

Family of maid who died in Saudi Arabia awarded Shs250m

The family of a Ugandan woman who died and was secretly buried in Saudi Arabia where she worked as a domestic maid was yesterday awarded Shs250 million in damages. High Court Justice Boniface Wamala directed Horeb Services Uganda, a labour export firm, and its managing director, Ezra Mug

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From corporate to self -employment

From corporate to self -employment

Transitioning from a corporate job to self-employment is bold and challenging.  Stella Mugera: Pursuing passion Despite her fulfilling role as an economics policy analyst at the Uganda Local Governments (ULGA) Association, where she worked from 2008 to 2015, Mugera knew she wanted t

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How Karuma closure disrupts supply chain

How Karuma closure disrupts supply chain

At about 5.45am, Lawrence Waka drives his delivery van—a Probox—from Kamdini Town centre to Atura Landing Site. It is at this former ferry docking site, located 12km away from Kamdini, where Waka picks newspaper copies and courier packages for circulation. Since being assigned th

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Is your next boss an AI?

Is your next boss an AI?

Imagine a bunch of nerds in the 1960s, sitting around thinking: “Hey, what if we could send messages between these things called computers instead of just passing notes in class?” They proceed to further think: “Let’s make these machines talk to each other so we don’t have to!" And

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Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited took a loan of Shs 6.840 billion from Prim

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