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), out of t
Vincent Waiswa Bagiire, Permanent Secretary, Ministry of Foreign Affairs of the Republic of UgandaDoha — The Embassy of the Republic of Uganda in the State of Qatar successfully hosted the Second Edition of the Uganda–Qatar Business Forum at Rotana City Centre, Doha, under the theme: â
Uganda and the UAE kicked off their fourth annual business forum in Kampala, aiming to boost a $2.8 billion trade relationship dominated by Ugandan gold. Foreign direct investment from the Gulf nation has surged tenfold, fueling growth in sectors like agribusiness and renewable energy.KAMP
Russian stocks continued to plunge on Monday, fuelling fears of a major financial crisis following Donald Trump's swingeing new sanctions. The Kremlin has been rocked by the White House's decision last week to target its two largest oil companies in the latest sanctions package.Rosneft and
Key PointsThere are now more than 145,000 Bitcoin millionaires in the world.Due to Bitcoin's impressive performance during the past five years, investors have been able to tap into the power of compounding returns.Spot Bitcoin ETFs create an easy, convenient, and low-cost met
On Sunday, October 19, 2025, the Uganda Revenue Authority (URA) completed the transfer of four departments from its headquarters in Nakawa to office space owned by city businessman Sudhir Ruparelia.Uganda lifestyle productsThe decision to return to rented
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.Delayed construction heightens importance of missing piece in
The Judiciary under the stewardship of Chief Justice Alfonse Chigamoy Owiny - Dollo, today officially launched the Annual Performance Report for the Financial Year 2024/25 alongside a landmark Compendium on Enhancing Electoral Justice.The high-level event took place at the Supreme Court Bu
President Museveni has cautioned young Ugandans against unsafe labor migration, particularly to Middle Eastern countries, urging them instead to embrace opportunities in Uganda’s domestic economy.He highlighted commercial agriculture, manufacturing, ICT, and services as key sectors for j
Cybersecurity has become one of the fastest-growing global concerns, threatening financial systems, businesses, and governments.Valued at $193.73 billion in 2024, the global cybersecurity market is projected to more than double to $562.77 billion by 2032—a reflection of the scale of inve
