Parliament is today set to authorize a staggering Shs8.2 trillion in new borrowing, a move that signals the nation’s spiralling public debt already at Shs116.2 trillion (51.3% of GDP) and its economic implications.According to the house order of today’s business (Order Paper), out of t
Vincent Waiswa Bagiire, Permanent Secretary, Ministry of Foreign Affairs of the Republic of UgandaDoha — The Embassy of the Republic of Uganda in the State of Qatar successfully hosted the Second Edition of the Uganda–Qatar Business Forum at Rotana City Centre, Doha, under the theme: â
Uganda and the UAE kicked off their fourth annual business forum in Kampala, aiming to boost a $2.8 billion trade relationship dominated by Ugandan gold. Foreign direct investment from the Gulf nation has surged tenfold, fueling growth in sectors like agribusiness and renewable energy.KAMP
Russian stocks continued to plunge on Monday, fuelling fears of a major financial crisis following Donald Trump's swingeing new sanctions. The Kremlin has been rocked by the White House's decision last week to target its two largest oil companies in the latest sanctions package.Rosneft and
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Business executives must remember that customers are human beings navigating the same economic stormsCOMMENT | SIMON DDEMBE | The year 2025 has tested the resilience of many Ugandans. Business activity has remained sluggish, household incomes continue to shrink, and countless families are
LILONGWE | Xinhua | Malawian President Peter Mutharika has issued an executive order banning the export of raw, unprocessed minerals as the country gears itself up to develop its wide range of mineral resources.The order was released on Saturday, reaffirming the government’s commitment t
For many years, the incursions by stray elephants from Murchison Falls and Kidepo Valley National Parks have caused unrest among communities surrounding the areas. In response, the communities have been using rudimentary methods such as banging containers, blowing whistles, and using vuvuzelas, a
The Alliance for National Transformation (ANT) presidential candidate, Rtd Maj Gen Mugisha Muntu, has pledged to revitalise Uganda’s struggling tea industry if elected in the forthcoming general elections.Addressing supporters in Kyenjojo district on Friday, Muntu said restoring the tea
Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue?COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extraordinary ral
