Global tech and media moguls have graced the red carpet with their wives for a glitzy prize ceremony.Mark Zuckerberg, Bill Gates and Rupert Murdoch were all spotted at the 11th Breakthrough Prize awards in Barker Hanger in Santa Monica.The billionaires led the charge on the red carpet, dazzl
I’ve spent much of the past quarter of the year zigzagging across Europe and the US, cursing Vladimir Lenin as I went. He is reputed to have coined the phrase ‘there are decades where nothing happens; and there are weeks where decades happen’, which in turn has been repeated back to me whereve
A storm is brewing over the true cost of buying out Umeme Limited, Uganda’s electricity distributor, as discrepancies in the numbers come to light.The Auditor Genera, Edward Akol has advised the government to pa
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
The late Hajji Bulaimu Muwanga Kibirige (BMK) was a businessman in Uganda. He built a strong business empire, including Hotel Africana, which expanded to different parts of Africa. Since his passing, his businesses are facing financial difficulties, with debts t
Rwanda Defense Force (RDF) has announced the capture of 14 individuals it claims are fighters of the Democratic Forces for the Liberation of Rwanda (FDLR), an armed group opposed to the Rwandan regime. These individuals were allegedly apprehended in the Democrat
Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing
The government of Uganda is committed to meeting Umeme Limited’s buyout amount before the electricity distributor’s concession runs out at the end of March, Ziria Tibalwa Waako, the chief executive officer of the Electricity Regulatory Authority (ERA), has s
The permanent secretary and secretary to the treasury Ramathan Ggoobi has interdicted the nine officials from the finance ministry under the Accountant General’s office.This follows an investigation in the minis
The Deputy Speaker of Parliament Thomas Tayebwa has asked that no public money be used to buy his clothes after concerns were raised about the 2025/2026 national budget which includes large amounts for meals, bed sheets and shoes for top government officials.
