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
Gold rose for a fifth straight session on Thursday to hit its highest in more than three weeks, buoyed by expectation that the U.S. government reopening will restart the flow of economic data and boost bets for further interest rate cuts.Gold rose for a fifth straight session on Thursday t
Gold (GC=F) futures sat near $4,000 per ounce on Friday, remaining steady after last month’s sharp sell-off but raising questions over where the precious metal is headed next.Gold is still on pace for its best year since 1979, driven by central bank purchasing and increased inflows into
Residents push a truck stuck in the mud along the Soroti–Abim–Kotido road. Local leaders have urged the government to prioritize tarmacking Karamoja’s key transport corridors to save lives and boost trade.Kotido, Uganda: President Museveni’s offhand remark during a campaign rally i
How government’s borrowing spree is leaving citizens bearing the country.At dawn, the roar of engines rises above the quiet streets of Entebbe as David Tumusiime, 47, prepares for his daily commute to Kampala. Like thousands of other motorists, he joins the line snaking toward the Enteb
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
Cybersecurity has become one of the fastest-growing global concerns, threatening financial systems, businesses, and governments.Valued at $193.73 billion in 2024, the global cybersecurity market is projected to more than double to $562.77 billion by 2032—a reflection of the scale of inve
President Museveni has directed Prime Minister Robinah Nabbanja to spearhead a government-led intervention to rescue the ailing business empire of the late tycoon Apollo Nyegamehe, widely known as Aponye, whose death in 2023 left his companies facing severe financial distress.In a letter d
Residents gathered at Buzooba Church of Uganda in Rukiga District to celebrate senior economist Patrick Kiconco Katabazi during a thanksgiving event.Community members praised him for his significant contributions to churches, schools, and hospitals.Many attendees commended Katabazi
The price of brown sugar has soared across Uganda, with consumers and traders alike feeling the pinch of global supply disruptions and erratic weather that has battered production in leading sugar-exporting nations.A kilogram of brown sugar now sells for between Shs5,500 a
