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Uganda–UAE ties deepen as investment and exports surge, Metro Cement pre-launches new products

Uganda–UAE ties deepen as investment and exports surge, Metro Cement pre-launches new products

Officials launch the new Metro Cement products at Serena Hotel on December 18, marking the expansion of the company’s production capacity and product rangeUganda’s economic partnership with the United Arab Emirates (UAE) is entering a new phase, with rapidly growing foreign direct inve

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Uganda projects 10.4% economic growth in FY2026/27

Uganda projects 10.4% economic growth in FY2026/27

Uganda projects 10.4% economic growth in FY2026/27independent.co.ug44minKAMPALA, UGANDA | Xinhua | Uganda’s economy is forecast to expand by 10.4 percent by the end of the 2026/2027 financial year, up from an estimated 6.6 percent at the end of the 2025/2026 financial year.

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Uganda Moves to Buy Stake in Kenya Oil Pipeline

Uganda Moves to Buy Stake in Kenya Oil Pipeline

KPC operates more than 1,700 km (1,056 miles) of petroleum pipelines linking the port of Mombasa to Nairobi, western Kenya and onward to Uganda. The system currently handles about 90% of Uganda’s fuel imports, making it critical to the country’s energy securityKenya plans to list the

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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

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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

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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

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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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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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GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam

GOLD SHOCK! FBI Agent, US Army Ranger, Embassy Staff Lose Sh1.6bn in Kampala Gold Scam

Uganda’s notorious gold fraud syndicates have struck again—this time roping in high-profile foreign operatives, including a former FBI Special Agent, a former U.S. Army Ranger, and a U.S. Embassy employee in Sierra Leone, in what is shaping up to be one of the most dramatic cross-border scams

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