A Vietnamese energy mogul has delivered a sobering critique of Africa’s chronic development paralysis, warning that failure to prioritize basics like energy in countries like Kenya is fatal to economic progress.Doanh Chau, president of Vietnam Gas and Energy Science Grou
The Omukama of Tooro, Oyo Nyimba Iguru, is expected in Rwashamire, Ntungamo District, on Thursday for a high-profile visit to the Inspire Africa Coffee factory.The tour, aimed at promoting youth participation in agriculture, particularly the coffee value chain, will be bro
The British American Tobacco-Uganda (BAT) has urged Parliament to reconsider the Excise Duty Amendment Bill 2025, which proposes increasing taxes on cigarettes.BAT officials argued that the tax hike would not only reduce their sales but also lead to a decline in government revenue."
President Museveni has declared Uganda’s readiness to re-engage with Western powers, months after facing sanctions over the country’s controversial anti-homosexuality law.Speaking at a leadership forum at Munyonyo about recently, Mr Museveni revisited the fallout from the 2023 passage
Tesla shares fell almost 6% on Monday, a day ahead of the electric vehicle company's first-quarter earnings report, as analysts fret over "ongoing brand erosion."The stock closed at $227.50 leaving it less than $6 above its low for the year on April 8. The shares are now down 44% for the year af
The Uganda Revenue Authority (URA) is set to recruit 1,260 new staff members to enhance tax collection efforts, particularly targeting high-net-worth individuals in industries such as construction, transport, and professionals.This move aims to increase revenue collections and reduce depen
Government is set to bolster the operations of Bugisu Cooperative Union (BCU) with coffee value addition equipment to enhance the profitability of farmers and revive the cooperative movement in Eastern Uganda.While speaking at the union’s 64th Annual General Meeting in Mbale on Friday, S
President Museveni has arrived in Juba, South Sudan, on a working visit at the invitation of President Salva Kiir Mayardit.The two leaders are set to discuss strengthening bilateral relations and enhancing cooperation between their nations.Museveni’s visit comes at a critical time
Just R20 for the first month. Support independent journalism by subscribing to our digital news package. Image: REUTERS/Kent Nishimura Ridiculed for imposing trade tariffs on frozen islands largely inhabited by penguins, US President Donald Trump's formula for calculating the levi
If there’s one thing that the White House wants us to know about the new tariffs that promise to upend the global economy, it’s that they’re “reciprocal.”We now know that they aren’t reciprocal at all. In fact, they bear no connection whatsoever to any levies that the target country
