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
Denis Tukahikaho Ph.D. is an expert on Cooperatives, Financial Inclusion and Renewable Energy InvestmentKAMPALA – The Green Climate Fund (GFF) has approved a USD 31 million (UGX 107.7 bn) as a result-based payment for Uganda in recognition of measurable success in reducing deforestation
By close of business on Friday, police had retrieved four bodies of men from Nakivubo Channel in downtown Kampala. The victims are suspected to have died in the morning downpour that caused severe flooding across the city.According to Deputy Kampala Metropolitan Police Spokesper
Moving around several areas in Kampala with the onset of the rainy season has become very troublesome because of the ongoing road construction works. From Bwaise in Kawempe to Gaddafi Road in Old Kampala, and several other parts of the city, road projects are underway.While cons
Parts of downtown Kampala turned into a shallow lake this morning after heavy rains unleashed flash floods that swept through shops, streets, and the new taxi park, reigniting public fury over the controversial Nakivubo Channel redevelopment. Traders watched helplessly as their merchandise floate
The Ugandan government says construction of the Kabalega Industrial Park in Kabaale Sub-County, Hoima District, will begin in 2026. Spanning nearly 30 square kilometres, the park is expected to bolster the country’s emerging oil and gas sector and create more than 35,000 jobs. The project forms
The UAE Ambassador to Uganda, HE Abdulla Salem Alshemeli, H.E Sheikh Sultan Jemai Al. Hindas, Director General of the Furjairah Chamber Commerce and Industry and the Prime Minister of Uganda Hon. Nabbanja Robinah and Hon. Dr Monica Musenero the Minister of Science Technology and Innovation Inform
Washington and Seoul brokered a historic $950 billion deal, bringing the two nations closer in both trade and military alliance. South Korea will pay $350 billion upfront to lower tariffs implemented by the USA. Hundreds of billions will flow between the nations as trade once again acts as the gr
The oil sector’s development — including two central processing facilities at Kingfisher and Tilenga — is expected to unlock billions in ancillary investment and generate thousands of jobsKampala: Uganda’s proven oil reserves have risen to 6.65 billion barrels, up from 6
