Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fighting to stave off bankruptcy.Firms have watched on helplessly as interest rates were hiked to 21% towards the end of 20
Uganda’s domestic debt market continues to heat up, with the latest Treasury Bills auction attracting overwhelming investor interest and confirming growing confidence in government securities as a safe and lucrative investment option.In Auction No. 1218 held on November 19, 2025, the Ban
Just as Kampala is still buzzing over tycoon Hamis Kiggundu’s fierce showdown with the so-called “Nakivubo Channel demons”, his brother Haruna Ssentongo has been thrown back into the spotlight — this time over a controversial Shs 2.4 billion property deal that has refused to die since 201
Fuel prices, especially petrol, have shot upFuel prices in Uganda are highAcross Africa, the price of a single litre of petrol can determine whether families eat, whether markets open, or whether a taxi driver makes it home with a decent earning. In Libya, that litre costs less than
For virtually all its post-Tito Okello period President Tibuhaburwa Museveni has dominated every sphere of human life in Uganda: Education, Energy, Health, infrastructure, environment. He as transcended the boundary between the 20th Century and the 21st Century and Boundary between the old and ne
Dodoma – President Samia Suluhu Hassan has named Dr. Mwigulu Nchemba, her long-serving former Finance Minister, as Tanzania’s new Prime Minister.The appointment, ratified by parliament in a near-unanimous vote on Thursday, 2025, comes just weeks after Hassan’s landslide victory in th
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high interest rates, since the outbreak of the full-scale war in February 2022.The key interest rate rose to a staggering 21% last
Burial arrangements for Augustine, a Primary Six pupil from Greenhill School who died on November 12, 2025, have been delayed after TMR International Hospital in Naalya, Kampala, declined to release his body due to an outstanding medical bill estimated at Shs 150 million.Augustine died thr
Beirut, Lebanon — Somalia's Minister of Finance, Biixi Imaan Cige, on Wednesday attended the Arab Countries' Meeting on Public Finance and Budgets, held at the United Nations headquarters in Beirut, Lebanon's capital.The high-level gathering focused on financing social sectors, particula
Nearly two years after the World Bank Group suspended new funding to Uganda over the enactment of the Anti-Homosexuality Act, the international lender has lifted the ban.Deputy Speaker of Parliament Thomas Tayebwa was among the first to welcome the development, congratulating the Ministry
