“UNOC will be able to generate revenues of up to USD 5.6 billion” (about Shs21.3 trillion) from the projects when implemented," the ministry said, adding that the loan would reduce pressure on the consolidated fund and enable quicker realisation of revenues from the oil and gas sectorS
The Butaleja District Local Government has been plunged into a serious administrative crisis that has denied more than 60 newly recruited education personnel, including headteachers, deputies, and assistants, their pay for several months. This is further characterized by debilitating resource sho
President Yoweri Kaguta Museveni yesterday held his first campaign rally in the Buganda region, addressing a massive crowd at Kasambya Town Council in Mubende District.The President who presented the National Resistance Movement (NRM) Manifesto for 2026-2031, reaffirmed that peace remains
Congo’s M23 rebel group said on Monday it would “unilaterally withdraw” its forces from the strategic eastern city of Uvira, following what it described as a request from United States mediators, in a move analysts say may reflect mounting pressure on Rwanda amid threats of U.S. sanctions.
AZA Plaza, a multi-billion four-storey commercial complex owned by West Moyo MP, Hon Alero Tom Aza in Arua CityAdjumani, Uganda: A section of voters in West Moyo County have accused their MP, Hon. Tom Aza, of self-greed and betrayal, allegin
Soldiers of the Nigerian Army have reportedly killed nine women protesting the army’s handling of communal clashes in the northeastern Adamawa stateNigerian Army soldiers opened fire and killed nine women protesting the army's handling of communal clashes in the northeastern Adamawa stat
Japan has issued a megaquake advisory after Monday's 7.6-magnitude earthquake struck off the nation's eastern coastJapan's Prime Minister Sanae Takaichi speaks to reporters at the prime minister's office in Tokyo after a strong earthquake struck northeastern Japan. Japan has issued
The Burundian army is deployed in DRCBurundi on Sunday accused the Rwandan army of carrying out direct attacks against its troops deployed in eastern Democratic Republic of Congo, sharply escalating a diplomatic confrontation as fighting intensifies around the strategic city of Uvira.
Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv
FILE - Vehicles and trucks for export wait for transportation from a port in Yantai in eastern China's Shandong province on Jan. 2, 2025. (Chinatopix via AP, File) (ASSOCIATED PRESS)HONG KONG (AP) — China’s exports returned to growth in November following an unexpected contraction the
