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Treasury bills auction attracts Shs567b as investor demand surges.

Treasury bills auction attracts Shs567b as investor demand surges.

Uganda’s domestic debt market continues to heat up, with the latest Treasury Bills auction attracting overwhelming investor interest and confirming growing confidence in government securities as a safe and lucrative investment option.In Auction No. 1218 held on November 19, 20

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Former UCDA executive director is dead

Former UCDA executive director is dead

Dr Emmanuel Lyamulemye, the former executive director of the Uganda Coffee Development Authority (UCDA), is dead.Frank Tumwebaze, the Minister of Agriculture, Animal Industry and Fisheries, announced his death on X.“I learnt this morning with deep sorrow abou

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World Bank lifts funding ban as Deputy Speaker Tayebwa celebrates shs9.6t boost for Uganda.

World Bank lifts funding ban as Deputy Speaker Tayebwa celebrates shs9.6t boost for Uganda.

Nearly two years after the World Bank Group suspended new funding to Uganda over the enactment of the Anti-Homosexuality Act, the international lender has lifted the ban.Deputy Speaker of Parliament Thomas Tayebwa was among the first to welcome the development, congratulating th

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Former Treachery Suspect and NUP Supporter Olivia Lutaaya Charged With Unlawful Drilling

Former Treachery Suspect and NUP Supporter Olivia Lutaaya Charged With Unlawful Drilling

National Unity Platform (NUP) supporter Olivia Lutaaya was on Tuesday brought before the Kanyanya Magistrate’s Court in Kawempe, where she was formally charged with unlawful drilling, a charge linked to alleged paramilitary-style training activities at the party’s offices in Kampala.

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South Sudan’s Nairobi embassy closes due to unpaid

South Sudan’s Nairobi embassy closes due to unpaid

South Sudanese diplomatic staff say their country’s embassy in Nairobi has been closed due to the government’s failure to pay rent for several months.Speaking to Radio Tamazuj on Saturday on condition of anonymity, several embassy staff confirmed that South Sudan’s embassy

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Habib Kagimu to Entrepreneurs: Prepare for Uganda’s Oil Boom

Habib Kagimu to Entrepreneurs: Prepare for Uganda’s Oil Boom

Oil companies are like a nation — they need everything from everything. If you can set up shop near them, they will buy everything from you,” Kagimu explainedKAMPALA, Uganda — Malaysia’s Honorary Consul in Uganda, AlHaj Habib Kagimu, has urged local

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Faisol Nyanzi second to be arrested as crackdown intensifies in Shs700m Bunga property scam

Faisol Nyanzi second to be arrested as crackdown intensifies in Shs700m Bunga property scam

Faisol Nyanzi has been remanded to prison until November 4, 2025, as investigations continue.Kampala, Uganda: The State House Anti-Corruption Unit (SH-ACU), in collaboration with the Criminal Investigations Directorate (CID) and the Office of the Director of Public Prosecutions

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Uganda’s rising debt, shrinking lives

Uganda’s rising debt, shrinking lives

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 sn

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Top 10 hardest countries to obtain citizenship.

Top 10 hardest countries to obtain citizenship.

Top 10 hardest countries to obtain citizenshipSecuring citizenship in some countries can be a long and demanding journey in contrast with how some other nations offer relatively straightforward processes.Below are 10 countries where obtaining citizenship is considered the

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Parliament to Approve Shs8.2 Trillion Borrowing Amid Soaring Public Debt

Parliament to Approve Shs8.2 Trillion Borrowing Amid Soaring Public Debt

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

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