On Tuesday, parliament of Uganda resumed sessions with top on the order paper approving loans totaling to Shs8 trillions which government is borrowing from different financial institutions including banks in Uganda and abroad.Journalists working for National Media group, the mother company
For the next nine months, activities in Uganda’s oil fields will be ramped up as the country targets to get its first barrel of oil to the market through a 1,443km pipeline to the Tanzanian coast of Tanga by July 2026, more than 20 years after the first commercial discovery was made in western
The Busega-Mpigi Expressway project works are expected to resume, following approval of a loan of Euros188.18 million (Shs781.04 billion) from the African Development Bank and Euros28.31 million (Shs117.46 billion) from the African Development Fund.The loan, approved by Parliament during
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
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
Dancehall musician Ziza Bafana has officially crossed to the ruling National Resistance Movement (NRM), ending his long-standing ties with the opposition.For the last two years, Bafana openly supported Bobi Wine and the National Unity Platform (NUP), ofte
Uganda’s Standard Gauge Railway (SGR) project has officially moved into the implementation stage, underpinned by a robust financing structure designed to ensure timely completion.Perez Wambulu, National Coordinator for the SGR project, confirms that the government has set aside 75 millio
Simbamanyo house which was acquired by tycoon Sudhir Ruparelia.The Commercial Division of the High Court has dismissed a high-profile legal challenge filed by Simbamanyo Estates Limited, ruling that the $10 million post-import loan facility extended to Eq
The State Minister for Kampala, Kabuye Kyofatogabye, has called on the public to join the fight against counterfeit motorcycles and spare parts.He said the best tool in this fight is public sensitisation.Many riders, he noted, have faced the risks and losses caused by fake products.
As the world marks Global Energy Independence Day 2025 on July 10th 2025, Equity Bank Uganda is leading the charge toward sustainable energy access with its bold commitment to clean energy financing.The bank has emerged as a key driver of clean energy access through its transformative Equi
