Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fighting to stave off bankruptcy.Firms have watched on helplessly as interest rates were hiked to 21% towards th
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high interest rates, since the outbreak of the full-scale war in February 2022.The key interest rate rose to a staggeri
How government’s borrowing spree is leaving citizens bearing the country.At dawn, the roar of engines rises above the quiet streets of Entebbe as David Tumusiime, 47, prepares for his daily commute to Kampala. Like thousands of other motorists, he joins the line sn
Lukoil said Thursday it had accepted an offer from global commodity trader Gunvor to buy its foreign assets, which Russia’s second-largest oil company is seeking to sell after Washington imposed sanctions on it last week.The planned asset sale is the most consequential action
you are looking for a real estate market that combines affordability, stability, and growth potential – look no further than Arkansas.Over the next 10 years, the Natural State is positioned to become one of the most rewarding markets in the country.With low p
A US billionaire’s £36 million former family home in west London must sold with the profits handed to his wife in their bitter divorce saga, a
Uganda’s High Court has ordered MK Publishers Ltd to pay Shs 100 million ($26,000) in damages and royalties to author Annette Najjemba after finding the firm guilty of infringing her copyright by selling her children’s stories to the Government of Rwanda wit
Fellow Ugandans, especially our coffee farmers and those aspiring to join the coffee industry,I feel compelled to share some truths and clarify the situation regarding coffee farming in Uganda and the dynamics of the global coffee market.This is a
dfcu Annual General MeetingShareholders of dfcu Limited are set to earn a 121 per cent increase in dividend payout for 2024, rising to Shs 20.09 per share from Shs 9.10 in 2023, following a remarkable turnaround in the bank’s financial performance.
Prim explained that pastors are no longer mentoring other people to lead the churches; instead, they are choosing their sons and daughters, thereby making it a personal business.Media personality Prim Asiimwe believes pastors have lost focus
