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Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

Big story: Uganda to Borrow $2bn (Shs7.6 tn) from Oil Trading Giant Vitol for Oil, Roads Projects

“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

Ultimate Uganda

Adam Back shuts down Quantum FUD that could ‘likely crash Bitcoin’s market’

Adam Back shuts down Quantum FUD that could ‘likely crash Bitcoin’s market’

Some holders have migrated to a relatively secure address format called Segwit.Bitcoin quantumQuantum computing has made some progress, but not to the extent that it could pose a threat to the Bitcoin network and related wallets.According to Adam Back, CEO of Blockstream and

Ultimate Uganda

2026 Polls: Museveni Assures Buganda of Free and Fair Elections.

2026 Polls: Museveni Assures Buganda of Free and Fair Elections.

President Yoweri Kaguta Museveni yesterday held his first campaign rally in the Buganda region, addressing a massive crowd at Kasambya Town Council in Mubende District.The President who presented the National Resistance Movement (NRM) Manifesto for 2026-2031, reaffirmed that peace remains

Ultimate Uganda

Uganda: Kasese Cotton Farmers Decry Climate Change, Low Prices, Call for Government Intervention

Uganda: Kasese Cotton Farmers Decry Climate Change, Low Prices, Call for Government Intervention

Cotton farmers in Kasese District have raised fresh concerns over climate change and falling market prices, warning that the twin challenges are threatening the survival of one of the region's once most reliable cash crops.Farmers say prolonged dry spells

Ultimate Uganda

MTN Uganda, Entebbe Club Celebrate the Official Opening of the Refurbished Entebbe Clubhouse

MTN Uganda, Entebbe Club Celebrate the Official Opening of the Refurbished Entebbe Clubhouse

MTN Uganda and the Entebbe Club have officially opened the newly refurbished Entebbe Clubhouse in a ceremony held this evening at the historic club grounds. The event was graced by the Attorney General of Uganda as Guest of Honour, alongside MTN Uganda Chief Exe

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Voters blast MP Aza for ‘abandoning’ Moyo while building multi-billion projects in Arua

Voters blast MP Aza for ‘abandoning’ Moyo while building multi-billion projects in Arua

AZA Plaza, a multi-billion four-storey commercial complex owned by West Moyo MP, Hon Alero Tom Aza in Arua CityAdjumani, Uganda: A section of voters in West Moyo County have accused their MP, Hon. Tom Aza, of self-greed and betrayal, allegin

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Parliament SACCO struggles to release savings of 34 deceased MPs over widow wrangles

Parliament SACCO struggles to release savings of 34 deceased MPs over widow wrangles

The late Kawempe South MP Muhammad Ssegirinya’s case is the most complicated.The Uganda Parliamentary Savings and Credit Cooperative Organisation (SACCO) is withholding savings belonging to at least 34 deceased legislators due to bitter disputes among i

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Betty Nambooze Bakireke: How a Political Icon Drifted into a Fourth-Term Survival Crisis

Betty Nambooze Bakireke: How a Political Icon Drifted into a Fourth-Term Survival Crisis

Hon. Betty Bakireke Nambooze was once among the clearest symbols of defiance in Uganda’s opposition politics. Her courage under repression, sharp tongue, and legislative activism gave her a moral authority few politicians enjoyed. Yet as the 2026 elections approach, securing a fourth parliament

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BREAKING! Entebbe Aero Beach Tycoon, Kodet Lorika Dies at 84

BREAKING! Entebbe Aero Beach Tycoon, Kodet Lorika Dies at 84

Departed tycoon Cornelius Kodet with his children a few years agoThe proprietor of Entebbe Aero Beach, Cornelius Kodet Lorika has died after being bedridden for close to three years. The tycoon who passed on at about 8:00PM, Sunday night, 7th December, 2025 had undergone treatment in sever

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Poor legacy assets drag down PIC unlisted investment impairments

Poor legacy assets drag down PIC unlisted investment impairments

Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv

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