Juba, South Sudan — November 21, 2024: South Sudanese President Salva Kiir has made sweeping changes to the country’s security and financial leadership.In a series of decrees broadcast on state-owned South Sud
The Uganda Investment Authority (UIA), under the leadership of Robert Mukiza, in collaboration with Louis Arinaitwe, the Country Director for Trade at the British High Commission (BHC), has become embroiled in a significant scandal.
The Kenya Conference of Catholic Bishops (KCCB) has rejected large cash donations made by politicians, including President William Ruto, this past Sunday during a church service at St. Joachim and Ann Soweto Catholic Parish in Nairobi.
The former Archbishop of Canterbury, Justin Welby, was loved and scorned in equal measure. While some admired him for taking a stand on allowing the clergy to bless same-sex relations, some conservative Anglican churches around the world detested him for backing the move, terming it as an u
Rajini Tailor, a renowned businessman and former Buganda Kingdom minister, has been embroiled in a debt dispute with the Muljibhai Madhvani Foundation, resulting in his recent detention at Luzira Prison. The dispute centres on unpaid rent arrears amounting to approximately Shs148 million
(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
