Prices are being lifted as the US Senate takes a major step toward reopening the government.Oil pumping jacks at an oilfield near Sokolovka village, in the Udmurt Republic, Russia. Image: BloombergOil rose as wider markets were lifted by a push to end the US government shutdown, wit
Since Russia’s invasion of Ukraine in 2022, a growing number of Eastern Europeans - particularly Poles - have been buying homes on the Spanish mainland and the Balearic Islands, according to new property data. Figures from Spain’s College of Registrars show that Poles are increasingly favouri
President Yoweri Kaguta Museveni has warned against external interference in African affairs, saying foreign actors are attempting to destabilize the region because they are threatened by Uganda’s growing industrial base and upcoming oil production.The President made the remarks yesterda
The East African Crude Oil Pipeline (EACOP) Ltd, the company leading the development of Uganda’s crude oil export pipeline, in partnership with Hoima City, has commenced the construction of the Nyamasoga – Katooke Road under its Socio-Economic Investment (SEI) programme.This initiative
Standard Chartered Bank Uganda has formally communicated to clients that it has entered into an agreement with Absa Bank Uganda for the sale of its Wealth & Retail Banking (WRB) business. The deal — which covers personal banking, wealth advisory and related retail products — remains subje
Residents push a truck stuck in the mud along the Soroti–Abim–Kotido road. Local leaders have urged the government to prioritize tarmacking Karamoja’s key transport corridors to save lives and boost trade.Kotido, Uganda: President Museveni’s offhand remark during a campaign rally i
ChatGPT, the popular artificial intelligence (AI) bot, sometimes takes criticism for providing erroneous calculations or generic information. But when it comes to outlining the worst things you can do with your money, the AI is spot-on.I asked ChatGPT this very question to see what advice
Gold held around $4 000 an ounce after a weak start on Monday, after China ended a long-standing tax rebate for some retailers in a change that could weigh on demand in one of the world’s largest precious-metals markets.Bullion for immediate delivery rose 0.1%, after falling as much as 1
What was hailed as Uganda’s “clean transport revolution” is fast turning into a national outrage.When President Yoweri Museveni launched Spiro Uganda in July 2024, the promise sounded golden — cheap, green, and smart transport for the ordinary rider. But barely a year into its oper
How government’s borrowing spree is leaving citizens bearing the country.At dawn, the roar of engines rises above the quiet streets of Entebbe as David Tumusiime, 47, prepares for his daily commute to Kampala. Like thousands of other motorists, he joins the line snaking toward the Enteb
