Traders at Bugolobi Market in Kampala have raised concerns over the rising cost of fuel, saying it has significantly increased transport expenses and forced them to hike prices of essential goods.The vendors, including food sellers, banana dealers, butchers, fruit traders and boda boda cyc
As it is always said, the goodness of someone will not be felt until that person disappears. Mr President, that is what we are now feeling after the departure of UMEME from managing Uganda’s electricity power.At first, Ugandans hated UMEME due to its own mistakes that the supplier had co
Evicted garage owners, mechanics, and welders in Ntungamo Municipality have appealed to authorities to extend essential services to their new area of operation following their relocation under the recently implemented Trade Order.The concerns were raised during a meeting held today at Red
Centenary Bank has pulled off a quiet boardroom coup, lining up long-serving executive Godfrey Byekwaso to take over as Managing Director while Fabian Kasi, the face of the lender for over a decade, prepares to step up and steer the wider Centenary Group. The planned handover, still uncon
The Ministry of Energy and Mineral Development has fired the Uganda Electricity Distribution Co. Ltd (UEDCL) Board chairperson, Ms Lydia Ochieng Obbo and placed its managing director, Mr Paul Mwesigwa, on forced leave over alleged regression of the company.In a statement issued on Saturday
Vendors say rising transport expenses are driving price hikes, but weak consumer demand is squeezing their profits.Ibanda District is experiencing a sharp increase in food prices, with vendors attributing the trend to rising fuel costs that have driven up transportation expenses across the
dawn, the usual bustle of business across Uganda’s blossoming cities and towns is missing.Where voices once competed with the clatter of weighing scales and the bargaining cries of customers, there is now an edgy silence.Piles of empty wooden stalls still lie broken, some reduced
Diamond Trust Bank (DTB) Uganda has been recognized as a standout performer in the financial sector, earning the first runner-up award for best in client service at the 8th Bi-annual Uganda Revenue Authority (URA) Bankers appreciation conference ..The ceremony, hosted at the Mestil Hotel i
Housing Finance Bank posted a net profit of Shs 85.4 billion for the year ended December 31, 2025, marking a 20 per cent increase from Shs 71.1 billion recorded in 2024, as the lender reported strong growth across key financial indicators.The bank’s total assets rose by 15 per cent to Sh
Government has launched investigations into Oil Marketing Companies suspected of hoarding fuel and charging exorbitant prices, even as officials insist national stocks remain sufficient.The move follows mounting public complaints of dry pumps, rationing, and selective selling at petrol sta
