From Milking Cows to Millionaire Mansions: Inside Black Coffee’s R157 Million Clifton Dream Home and Billion-Rand EmpireNkosinathi Maphumulo, the globally acclaimed DJ Black Coffee, has come a long way from his humble beginnings in a rural Eastern Cape village. Milking cows wi
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
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
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
The Affordable Housing Project promised dignity and stability for Kenya’s urban poor, yet gaps in delivery are fast exposing cracks in what was once hailed as a groundbreaking social revolution.In Nairobi’s New Mukuru Housing Estate, residents who once lived in congested sha
Parliament is today set to authorize a staggering Shs8.2 trillion in new borrowing, a move that signals the nation’s spiralling public debt already at Shs116.2 trillion (51.3% of GDP) and its economic implications.According to the house order of today’s business (Order Paper
Morocco plans to abandon coal power entirely by 2040 if it secures international climate finance, the Powering Past Coal Alliance (PPCA) said on Thursday.Morocco joined the international PPCA, a group of around 60 governments seeking to phase out coal power, in 2023, in a bid to progress n
