Search Results

Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Belgium’s objections, Russian legal threats and unresolved liability questions forced the EU to drop the reparations-loan proposal and approve fresh borrowing for Ukraine.Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission Presiden

Ultimate Uganda

Uganda Strengthens Mobile Money Lending Rules to Combat Loan Defaults

Uganda Strengthens Mobile Money Lending Rules to Combat Loan Defaults

Uganda's mobile money sector is taking major steps to prevent loan defaults and restore trust in digital lending. For years, some borrowers who defaulted on digital loans exploited loopholes by switching networks or SIM cards, making it difficult for lenders to recover funds. Under the previous s

Ultimate Uganda

Arsenal and Man United enter into transfer duel for €25 million midfielder.

Arsenal and Man United enter into transfer duel for €25 million midfielder.

Manchester United and Arsenal are interested in signing the Olympiacos midfielder Christos Mouzakitis.According to a report from Italian publication Area Napoli, the two clubs are in the mix to sign the 18-year-old midfielder, and they will face competition from several clubs, including Na

Ultimate Uganda

Kalifah AgaNaga Accuses Alien Skin Of Theft

Kalifah AgaNaga Accuses Alien Skin Of Theft

Kalifah AgaNaga has dropped a bombshell, accusing controversial singer Alien Skin of taking money from the Forum for Democratic Change (FDC) and disappearing without performing.Musician and former parliamentary aspirant Kalifah AgaNaga has dropped a bombshell, accusing controversial singer

Ultimate Uganda

How Ministry of Water and Agriculture blew Shs 1.4b on a Ghost Serere dam

How Ministry of Water and Agriculture blew Shs 1.4b on a Ghost Serere dam

Residents of Aminit Village, Ojama Parish in Kyere Sub-county have raised a protest voice to President Museveni over the unfulfilled construction of a dam in Ojama Parish.According to the locals, during the 2021 campaign, President Museveni, while at Sapir Primary School, assured the local

Ultimate Uganda

Uganda: Just 41 MPs Approve Shs9tn Loan Blitz

Uganda: Just 41 MPs Approve Shs9tn Loan Blitz

In a Tuesday session that has sparked outrage among fiscal watchdogs, a mere fraction of the 11th Parliament authorized the government to proceed with massive loan requests totalling nearly Shs9 trillion.By suspending key safeguards, the House bypassed the standard oversight procedures des

Ultimate Uganda

Wife of Guinea-Bissau’s ousted president arrested after co-passenger found with $5.9m in cash

Wife of Guinea-Bissau’s ousted president arrested after co-passenger found with $5.9m in cash

Portuguese authorities charged the wife of Guinea-Bissau's ousted president as part of an investigation into suspected smuggling and money laundering, judicial police said on Tuesday.Dinisia Reis Embalo was arrested by Portuguese authorities on December 16, 2025.Dinisia Reis Embalo,

Ultimate Uganda

South African rand flat ahead of leading economic indicator, local inflation data

South African rand flat ahead of leading economic indicator, local inflation data

JOHANNESBURG, Dec 17 (Reuters) – The South African rand was flat in early trade on Tuesday, ahead of the release of local central bank data and inflation data that will shed light on the country’s economic outlook.At 0512 GMT, the rand traded at 16.75 against the dollar, little changed

Ultimate Uganda

Joseph Sewungu Goes Bare Knuckles on Frank Gashumba After Kalungu West Attack

Joseph Sewungu Goes Bare Knuckles on Frank Gashumba After Kalungu West Attack

Kalungu West MP Joseph Gozanga Sewungu has fired back fiercely at Frank Gashumba following sharp criticism on radio, accusing the outspoken activist of gambling, conmanship, and seeking handouts.Joseph Sewungu Goes Bare Knuckles on Frank Gashumba After Kalungu West AttackRead: 11 ti

Ultimate Uganda

Salaam Musumba Husband’s 300m Stolen As Hackers Take Down BBS Boss Kaddu Mukasa

Salaam Musumba Husband’s 300m Stolen As Hackers Take Down BBS Boss Kaddu Mukasa

It all started with Senior Advocate Asuman Kiyingi’s phone being hacked sometime last month and effectively getting taken over by cyber offenders who took charge and sent out messages soliciting tens of millions of shillings from his friends and contacts. They reached out to a lot of big people

Ultimate Uganda