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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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Bitcoin firm Twenty One Capital drops 20% on first day of trading

Bitcoin firm Twenty One Capital drops 20% on first day of trading

Twenty One Capital came to market with over $4 billion in Bitcoin, but its lack of publicly shared business plans appears to have led some investors to the exit.Shares in Twenty One Capital (XXI), the newest crypto treasury company in the US, slid 20% on its trading debut after merging wit

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From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

From 2 600% gain to 86% wipeout, crypto’s hottest trade collapses

Investing in public companies holding bitcoin and other digital tokens was a major trend earlier this year, but the market has turned …Bitcoin itself is down only 6%. Around 70% of digital asset treasuries are expected to finish the year lower than their starting value. Image: Angel Garc

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MP Rukaari Vows to Rescue King of Kings Church Land as District Eviction Threats Intensify

MP Rukaari Vows to Rescue King of Kings Church Land as District Eviction Threats Intensify

MP Rukaari, Kibaju as they receive blessing from Bishop Silas and other Religious leadersAmos Tayebwa – MbararaThe tug-of-war over the land housing King of Kings Church at Kamukuzi Hill has taken a dramatic turn, with Mbarara City North MP Robert Mwesigwa Rukaari vowing to persona

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URA Arrests Two over US$24,000 Super Match Cigarette Export Scam

URA Arrests Two over US$24,000 Super Match Cigarette Export Scam

The Uganda Revenue Authority (URA) has arrested Frank Mugisha and Muhumuza George suspected of running a fraudulent “export” scheme involving Super match cigarettes. They are charged with obtaining money by false pretense and, manipulation of customs documentation and export entries to defrau

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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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Central Bank of Russia eases restrictions, opens mutual funds to crypto investments

Central Bank of Russia eases restrictions, opens mutual funds to crypto investments

Russia’s relationship with crypto has swung between crackdowns and cautious acceptance, and its latest moves show that this balancing act is far from over.After first pushing in 2022 to block all crypto issuance, trading, and mining over concerns about financial stability and monetary so

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Exclusive: Club Guvnor finally Sold Off to City tycoon Jackson

Exclusive: Club Guvnor finally Sold Off to City tycoon Jackson

Club Guvnor, once Kampala’s undisputed symbol of elegance and disciplined nightlife, has continued to write new chapters in Uganda’s entertainment history. While many bars struggled to regain footing following the global shock of Covid-19, the shifting dynamics of Kampala’s nightlif

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Tycoon Sudhir, Matovu Yanga named Kampala’s top real estate gurus

Tycoon Sudhir, Matovu Yanga named Kampala’s top real estate gurus

KAMPALA, Uganda — In a nod to the unsung architects of the city’s bustling commercial landscape, two of Uganda’s most influential tycoons, Sudhir Ruparelia and Haji Muhammad Matovu Yanga, have been crowned Kampala’s Best Business Landlords of 2025.The accolade, announced Tuesday by

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