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09 Oct '24
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa
Business •
09 Oct '24
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
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09 Oct '24
Democratic Republic of Congo has accused Rwanda of creating obstacles in ongoing negotiations to resolve the M23 rebel conflict in eastern Congo that has displaced more than 1.7 million people. The comments by Congolese Foreign Minister Therese Kayikwamba Wagner to the U.N. Security Coun
Business •
08 Oct '24
In a tale of two lifestyles and mixed fortunes, some richer Ugandans are dying earlier while their poorer counterparts are living longer. Our analysis of two separate reports from Uganda Bureau of Statistics (Ubos) and another from the World Bank show that people in regions with high pov
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08 Oct '24
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,
Business •
08 Oct '24
According to the National Library of Medicine, research, biomedical informatics and the world's largest biomedical online library, the Covid-19 imposed restrictions led to an inevitable surge in the use of digital technologies to adjust to new ways of interaction, life, and work. For U
Business •
08 Oct '24
Government has tasked Enterprise Uganda to drive mindset change among Parish Development Model (PDM) beneficiaries to maximise benefits in the programme that has been ongoing for about three years. Speaking on the sidelines of a week-long training for PDM beneficiaries in the Teso sub-re
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08 Oct '24
Communities that derive their livelihoods from River Musamya in the central parts of Uganda have raised the red flag over contamination of the water body in Buikwe District. Some residents in Kawolo Sub-county and Lugazi Municipality claim factories, especially distilleries, are releasin
Business •
07 Oct '24
Deputy President Rigathi Gachagua, who is on the verge of being kicked out of office through impeachment, has appealed to his boss, President William Ruto, for forgiveness. Mr Gachagua on Sunday made a passionate appeal to Dr Ruto, saying while he was not aware of any transgressions, he
Business •
07 Oct '24
The High Court issued a judgement over the issue of the service award, saying it was not a legal issue. What is your overall view on that? You read the reasoning of the court. It’s called the ratio decidendi in the legal language. The reasoning of the court dissects real issues from he