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Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

Kenyan firm Moves to Seize KIU as Embattled businessman Basajjabalaba defaults on Shs. 57B loan

City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi

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US tariffs on Canada and Mexico will happen Tuesday, says commerce chief

US tariffs on Canada and Mexico will happen Tuesday, says commerce chief

BBC | US tariffs against Canada and Mexico are set to come into effect on Tuesday but their level will be decided by Donald Trump, the US commerce secretary has said.The US president has threatened to impose 25% tariffs, which are a tax on imports, on his two neighbours on

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Cranes qualify for Afcon 2025

Cranes qualify for Afcon 2025

Uganda’s wait for a return to the Africa Cup of Nations is over. The Cranes needed just a point from their game against South Africa at Namboole on Friday to confirm qualification to the 2025 Afcon finals in Morocco. But they didn't have to wait that long as Congo fell to South Sudan

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Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s tea prices at the Mombasa Tea Auction have been holding steady for the past seven weeks, with the latest sale, Number 45, ending on November 5, 2024, at an average price of $1.02 per kilogram (around sh3,760). This price mirrors that of the past two weeks, indicating stability in the mark

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Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical Industries, formerly Cipla Quality Chemical, is in negotiations to open a new manufacturing plant to produce new medications. The plant, if realised, will produce medications for infectious and non-communicable diseases, to add to its HIV and anti-malarial drugs. Mr

Ultimate Uganda

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical Industries, formerly Cipla Quality Chemical, is in negotiations to open a new manufacturing plant to produce new medications. The plant, if realised, will produce medications for infectious and non-communicable diseases, to add to its HIV and anti-malarial drugs. Mr

Ultimate Uganda

Return to school if you want pay raise, govt tells striking Makerere staff

Return to school if you want pay raise, govt tells striking Makerere staff

The Public Service Ministry has advised striking Makerere University staff to obtain the necessary qualifications if they want a pay raise.The Assistant Commissioner for Human Resource Management, Mr David Watulo,

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LDC Warns MP Lumu’s Bill Could Undermine Political Competition

LDC Warns MP Lumu’s Bill Could Undermine Political Competition

The Law Development Centre (LDC) has raised concerns over the Administration of Parliament Amendment Bill 2024, introduced by Mityana South MP Richard Lumu. LDC officials warn that if the bill is passed, it may undermine Uganda’s multiparty political system. During a meeting with the legal and par

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Uganda Airlines: We are targeting 20 routes by year-end  

Uganda Airlines: We are targeting 20 routes by year-end  

It is about five years now since the revival of Uganda Airlines. What is there to write home about so far?Some of the reasons that led to the revival of Uganda Airlines emanated from complaints regarding connectivity, price and travel delays then. We have solved these and many other problems

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Vision Group's Shs25b share sale explained

Vision Group's Shs25b share sale explained

On September 24, Vision Group, which is listed on Uganda Securities Exchange as New Vision Publishing and Printing Company Limited, told each of its shareholders in a notice that it had reached an understanding with the government about an intervention to take on a new type of shares in addi

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