Business •
09 Mar '25
In Uganda’s politics, the journey from honor to hardship can be as swift as the blink of an eye. One day, a Member of Parliament enjoys the title of “Honorable,” the next, they are struggling to afford medical care.
Business •
08 Nov '24
Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S
Business •
24 Oct '24
The Leader of Opposition in Parliament (LoP), Mr Joel Ssenyonyi, has tasked the government to conduct a comprehensive audit to establish how Shs553.71 billion that has been pumped into Atiak Sugar Factory was utilised, saying there is little to nothing on ground to show for the money. Fo
Business •
23 Oct '24
Two years after government voted to invest more than Shs266 billion in Roko Construction Company, concerns are growing that if not closely monitored, this may turn into another huge loss to the taxpayer. Parliament now wants the government through the Ministry of Finance, Planning and Ec
Business •
09 Oct '24
Uganda’s coffee exports to the European Union (EU) are expected to remain unaffected by the looming December 2024 deadline of the EU Deforestation-free Regulation (EUDR), according to Hon. Henry Musasizi, the Minister of State for Finance, Planning and Economic Development (General Duties). The mi
Business •
01 Oct '24
Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option
Business •
24 Sep '24
The Deputy Speaker of Parliament, Mr Thomas Tayebwa, has commended the government of China for contributing to the development of Uganda. Mr Tayebwa said the two countries have continued to enjoy and consolidate the good relations in diverse fields, including political, technical, invest
Business •
17 Sep '24
The absence of a substantive Central Bank governor – a key figure in managing the economy – robs the country of much-needed expertise, experts have said. The position has remained vacant for 969 days and counting following the death of Emmanuel Tumusiime-Mutebile in a Nairobi hospi
Business •
09 Sep '24
A section of leaders from Kigezi Sub-region have appealed to President Museveni to replace State minister for Defence and veteran affairs Sarah Nyirabashitsi Mateke with someone who hails from Kisoro District.The
Business •
09 Sep '24
A section of leaders from Kigezi Sub-region have appealed to President Museveni to replace State minister for Defence and veteran affairs Sarah Nyiravbashitsi Mateke with someone who hails from Kisoro District.The