KAMPALA — Spiro, an electric mobility company with operations in Uganda, has secured $50 million in debt funding to expand its battery-swapping infrastructure and electric vehicle fleet across Africa.The funding round, announced Tuesday, included participation from Afreximbank and two ne
dfcu Bank has opened a new branch in Namanve Industrial Park, positioning itself at the heart of one of Uganda’s fastest-growing manufacturing hubs, as government renewed calls for commercial lenders to cut borrowing costs for industry.Speaking at the launch, David Bahati welcomed the ex
Held in prison for long, denied bail, denied access to his doctors for proper medication and now he’s been denied prayers organized at Lubaga Cathedral. This time not on orders of a judge like Emmanuel Baguma but on orders of president Museveni through a call to the Archbishop Paul Ssemwogerere
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
Senegalese football — and indeed the wider African game — has been thrown into mourning following the tragic death of a promising strikerYoussou Diouf, who featured in Senegal's Ligue 2, reportedly passed away after collapsing during a match in ThièsTributes have since flooded
The Bank of Uganda recently kept the Central Bank Rate (CBR) unchanged at 9.75 per cent, signalling its confidence in the price stability experienced in the economy today.The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic act
President Museveni has signed into law three key pieces of legislation aimed at strengthening regulatory oversight in Uganda's construction, housing finance, and valuation sectors.The reforms are expected to enhance safety standards, expand mortgage financing, and boost investor confidence
President Museveni is set to commission Shs42bn Lake Kyoga ferries at Bukungu Landing Site in Buyende, boosting water transport, trade and connectivity between Busoga and Teso.The newly constructed Lake Kyoga ferries docked at Bukungu Landing Site in Buyende ahead of commissioning.B
Mrs. Dorothy KabandaKAMPALA — The Parents and Teachers Association (PTA) of Old Kampala Senior Secondary School has expressed deep dissatisfaction with the Ministry of Education, accusing it of protecting the school’s head teacher despite alleged financial mismanagement and punishing w
Popular TikToker Ibrahim Musana, commonly known as Pressure 24 Seven, is reportedly in trouble again following controversial political remarks made on TikTok.For the past few days, Pressure has been trending after posting videos in which he allegedly called for the impeachment of President
