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Uganda to earn over Shs2.2t from first oil exploration in 2026/27

Uganda to earn over Shs2.2t from first oil exploration in 2026/27

State Minister for Finance in charge of General Duties, Henry Musasizi, during the presentation for the 2026/27 Ministerial Policy Statement before Parliament’s Committee on Finance.Uganda is set to make history in the 2026/27 financial year with expected oil revenues surpassing Shs2.2 t

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Staff Shortages, Crumbling Infrastructure And Frozen Funds: The Crisis Quietly Threatening Busitema University’s Future

Staff Shortages, Crumbling Infrastructure And Frozen Funds: The Crisis Quietly Threatening Busitema University’s Future

Busitema University has been quietly expanding its reach across eastern Uganda, establishing campuses in Namasagali, Pallisa, Mbale, and Arapai, and steadily increasing student enrolment year after year. On paper, the growth story looks impressive.But behind the numbers, a more uncomfortab

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BWANIKA JOSEPH: Are Bobi Wine’s critics ready to offer real solutions to Uganda’s challenges?

BWANIKA JOSEPH: Are Bobi Wine’s critics ready to offer real solutions to Uganda’s challenges?

Uganda’s political conversation is increasingly defined by sharp bombastic and personalized attacks, with National Unity Platform Leader H.E Bobi Wine often at the Centre of it. Yet under the noise lies a deeper concern, the steady weathering of meaningful, policy driven debate.At a time

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How Mobile Money Taxes Are Squeezing Life Ouf of Small Businesses

How Mobile Money Taxes Are Squeezing Life Ouf of Small Businesses

Rising mobile money transaction and withdrawal charges are increasingly eating into the profits of small businesses in Uganda, with traders and MSMEs warning that the high cost of digital transactions could slow the country’s push toward a digital economy.Mobile money has revolutionized

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Uganda’s First Oil: A Defining Countdown to Economic Transformation and Energy Sovereignty

Uganda’s First Oil: A Defining Countdown to Economic Transformation and Energy Sovereignty

KAMPALA – As every second, minute, hour, day, and month winds down, Uganda edges closer to its promise—the dawn of oil production.From drilling and completing wells to laying thousands of kilometres of pipeline, Uganda’s progress is unmistakable. Supporting infrastructure, central pr

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Ragga Dee Urges Artists to Treat Music as Business Amid Copyright Reforms

Ragga Dee Urges Artists to Treat Music as Business Amid Copyright Reforms

Renowned Ugandan musician Daniel Kazibwe, popularly known as Ragga Dee, has called on upcoming artists to approach their craft with a business mindset, emphasising the importance of strategic distribution and legal protection of their work.Speaking during NBS Eagle on Sunday, Ragga Dee hig

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6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

6 Ugandans Arrested in Connection to USD 3.4 Mn Equity Bank Rwanda Digital Heist

The cross-border heist signifies a new frontier in the evolving nature of financial crime, where digital fraud is increasingly sophisticated, fast-moving and now, transnational. The arrests may mark a breakthrough in the Equity Bank Rwanda probe, but they also expose a deeper reality: in a digita

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Uganda’s Public Debt Hits Record UGX 130 Trillion as Domestic Borrowing Surge Raises Alarm

Uganda’s Public Debt Hits Record UGX 130 Trillion as Domestic Borrowing Surge Raises Alarm

KAMPALA – Uganda’s public debt has surged to a record US$34.86 billion (UGX 130.84 trillion) as of December 2025, piling fresh pressure on the government’s fiscal managers and raising concerns about the long-term burden on citizens and businesses.According to the Ministry of Finance,

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Mobile money taxes reversing digital financial inclusion in Uganda

Mobile money taxes reversing digital financial inclusion in Uganda

Uganda’s mobile money tax policy is threatening to reverse years of digital financial inclusion by driving low-income users back to cash. With 43 million accounts processing 326.3 trillion shillings annually, experts warn that excise duties on withdrawals and service fees are making digital pay

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M7’s Son-In-Law Claims Stake in Thriving Spiro Boda Boda Business

M7’s Son-In-Law Claims Stake in Thriving Spiro Boda Boda Business

When rows of young Ugandans report for work on the assembly line of electric boda boda motorcycles, Presdeitn Yoweri Museveni’s son-in-law Odrek Rwabwogo says he sees more than machines and tools. He sees a future where Uganda builds more of what it uses.Odrek Rwabwogo, the husband of Pa

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