Belgium’s objections, Russian legal threats and unresolved liability questions forced the EU to drop the reparations-loan proposal and approve fresh borrowing for Ukraine.Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission Presiden
Uganda National Oil Co. signs a $2 billion loan with Vitol Bahrain to fund major infrastructure, including a new fuel pipeline and storage terminals.KAMPALA — Uganda’s state-owned oil company has signed a $2bn (£1.5bn) deal to fund major infrastructure projects designed to turn the co
Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s
Nollywood actress Doris Ogala has issued a pre-action notice against Grace Nation Ministry founder Chris Okafor, accusing him of breaching a promise of marriage after marrying another woman.The notice follows the circulation of videos showing Okafor’s engagement and subsequent wedding ce
In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan requests totalling nearly Shs9 trillion.By suspending key safeguards, the House bypassed the standard oversight procedures des
More than two months after the token hit a record high above $12 000, Bitcoin has fallen nearly 30% and is struggling to find support.Bitcoin’s most entrenched investors are still cashing out — and the pressure is starting to show.More than two months after the token hit a recor
President Yoweri Museveni has faulted the people of Kassanda District for voting opposition politicians, saying the decision is partly responsible for the poor service delivery in the area.Addressing a rally at Bukuya Town Council grounds on Wednesday, Museveni said that although some prog
The government has announced early payment of December salaries and pensions for public officers and pensioners, directing that all payments be processed by December 23, 2025, ahead of the festive season.In a circular dated December 12, 2025, the Ministry of Public Service instructed all r
President Yoweri Museveni is expected to meet a section of downtown Kampala traders later this week at his Kisozi country home, following renewed appeals over compensation for losses caused by the Nakivubo drainage channel floods.According to sources, the President directed his aides to or
“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
