SpaceX collaborated with Ukraine's Ministry of Defense to shut down thousands of unauthorized terminals, degrading Russian command and control at a critical moment.Starting February 4, 2026, thousands of Starlink terminals operated by Russian forces went dark. In the weeks that followed, U
The highlight of the celebration came when Hajjat Namyalo unveiled the sleek vehicle, estimated to cost between Shs100 million and Shs150 million at bond price in Kampala.The sleek Jetour vehicle Hajjat Namyalo gifted to her son Rayan is estimated to cost between Shs100 million and Shs150
Uganda has taken a significant step toward advancing its long-term economic transformation agenda after the Ministry of Finance hosted a 40-member Chinese investor delegation exploring joint venture opportunities across the country’s priority ATMS pillars: Agriculture, Tourism, Manufacturing, a
On Wednesday morning, President Donald Trump declared on Truth Social that the Strait of Hormuz is now “permanently” open — crediting US military superiority and a new understanding with China under which Beijing agreed not to ship weapons to Iran. He added that President Xi Jinping would g
The Bahrain-based subsidiary of Vitol, the world’s largest independent oil trading firm, has faced major disruptions after Iran restricted access through the Strait of Hormuz in response to joint US-Israel attacks about two months ago.KAMPALA: Senior executives of Vitol Bahrain E.C, Ugan
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f
Alcohol consumers and the construction industry face fresh price hikes as the government tables the Excise Duty (Amendment) Bill, 2026, seeking to impose higher levies on imported spirits and building materials.Minister of State for Finance, Henry Musasizi, presented the bill in Parliament
Entebbe — Kiira Motors Corporation has delivered two additional 13-metre Kayoola Electric Coaches to the Civil Aviation Authority, expanding the national electric bus fleet to five units as Uganda accelerates its transition to clean mobility.The company announced that the latest delivery
Tycoon Sudhir Ruparelia’s ambitious luxury residential development, the One Ten Apartments, is steadily rising in Kololo as one of the most prominent high-end property projects currently reshaping the skyline of Kampala.The 15-storey apartment tower, located along Prince Charles Drive, i
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
