(Kampala) – MTN Uganda has recommended an increase in its second interim dividend to shareholders following a significant rise in net profit for the third quarter of 2024. The telecom company reported a 29.6% increase in profit after tax, amounting to 460 billion Ugandan shillings for the f
(U.S. ) – As the U.S. presidential election approaches, a series of extraordinary events and controversies have shaped the 2024 campaign, from shocking moments to unexpected endorsements. In the run up to the election, there have been several headline making incidents that have captured the
Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which indicates that Uganda’s domestic financial market has continued to remain stable. The appreciati
The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by analysts that recovery was likely to nosedive, at the start of the year. The Permanent Secretary in the Ministry of Fin
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
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,
It is said old is gold, and music precisely does it in a special way because it evokes nostalgic memories of moments in time in our past. But lately, old music seems to transcend beyond age segments as young folks are seen capturing videos of themselves joyfully and playfully dancing on TikT
Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel
The United Nations High Commission for Refugees (UNHCR) Country Representative, Mr Matthew Crentsil, has expressed optimism that the refugee response in Uganda will be funded amid mounting concern of unprecedented shortfalls in funding. Mr Crentsil said while there was heightened apprehe
Private school administrators have responded to mounting public outcry over what is perceived as unduly high tuition fees, attributing the costs to operational expenses. Although many administrators declined to provide a detailed breakdown of their expenditure, they pointed to utility bi
