President Donald Trump has announced the US will double its current tariff rate on steel and aluminium imports from 25% to 50%, starting on Wednesday.Speaking at a rally in Pittsburgh, Pennsylvania, Trump said the move would help boost the local steel industry and national supply, while re
The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% signalling a cautious “wait and see” approach in response to growing global economic uncertainty most notably the unresolved US-China trade tensions.The decision comes despite Uganda’s relatively strong econ
Centenary Bank has in conjunction with the National Forestry Authority (NFA) launched its efforts to restore 20 hectares of the degraded Masindi Central Forest Reserve.The exercise was launched at Nyangahya cell Masindi Municipality.This initiative brings to life a recent commi
Residents of Kigombya village in Mukono Municipality on Friday blocked the Kampala–Jinja highway, setting fires in the middle of the road to protest its deteriorating condition.They say the thick dust from stalled road works has disrupted their businesses and posed serious health risks.
Tesla boss Elon Musk has pledged to "significantly" cut back his role in the US government after the electric car firm reported a huge drop in profit and sales for the start of this year.Musk has led the newly created advisory body - the Department for Government Efficiency (Doge) - since
Uganda continues to lose significant revenue from the artisanal and small-scale mining (ASM) sector due to rampant informality and weak regulatory enforcement, the Advocates Coalition for Development and Environment (ACODE) has said.Despite being rich in minerals, Uganda has failed to tran
Mbarara, Uganda — The Uganda Revenue Authority (URA) has called on landlords across the country to voluntarily declare their rental properties and register for rental income tax, warning of steep penalties for non-compliance.
In the fast-paced world of banking, where numbers often take precedence over people, Grace Muliisa is leading with a different approach one that prioritises service, community, and innovation.As the Managing Director of Ecobank Uganda since 2021, she has set herself apart by focusing on pe
Metaplanet, a Japanese public company, has recently decided to boost its Bitcoin holdings as part of its strategy to manage economic challenges. The company raised 4 billion yen (around $26.39 million) by issuing ordinary bonds to EVO Fund, a debt and financing
In a shocking case of international fraud, where ruthless Ugandans fleeced an American investor Robert Tunner in a fake gold deal, Stanbic Bank officials are said to be in panic mode as DPP sanctions their files for immediate arrest and prosecution. These top ma
