Business •
11 Oct '24
Government has put the 2025/26 budget projections at Shs57.4 trillion, which is Shs14.7 trillion lower than the current budget. In May, government revised the Shs58 trillion budget for the 2024/25 financial year to Shs72.1 trillion, marking a significant increase of Shs14.1 trillion, a f
Business •
11 Oct '24
Last week, our beloved Chief of Defence Forces General Muhoozi Kainerugaba was back in the spotlight, once again using his favoured communication tool — X. His tweet directed at the US ambassador offered two options: apologise to President Museveni or face deportation. This response
Business •
11 Oct '24
Government has put the 2025/26 budget projections at Shs57.4 trillion, which is Shs14.7 trillion lower than the current budget. In May, government revised the Shs58 trillion budget for the 2024/25 financial year to Shs72.1 trillion, marking a significant increase of Shs14.1 trillion, a f
Business •
10 Oct '24
The United Kingdom (UK) has announced a significant contribution of up to £1 million (approximately UGX 4.8 billion) to support Uganda's response to the ongoing Mpox outbreak. According to the British High Commission in Kampala, this funding will be channelled through Baylor College o
Business •
09 Oct '24
Busia District is abuzz with excitement as it prepares to host Uganda’s 62nd Independence Day celebrations on Wednesday, October 9, 2024. This is the first time the district will host a national event of this magnitude, marking a historic moment for the local community and Uganda at large. The eve
Business •
09 Oct '24
The Law Development Centre (LDC) has raised concerns over the Administration of Parliament Amendment Bill 2024, introduced by Mityana South MP Richard Lumu. LDC officials warn that if the bill is passed, it may undermine Uganda’s multiparty political system. During a meeting with the legal and par
Business •
09 Oct '24
Kenya’s National Assembly voted to impeach Deputy President Rigathi Gachagua on Tuesday, October 8, 2024 in a historic political event. The decision was made during a lengthy parliamentary session, with 281 members voting in favor of the impeachment, while 44 opposed it, and one member abstained.
Business •
09 Oct '24
Uganda’s coffee exports to the European Union (EU) are expected to remain unaffected by the looming December 2024 deadline of the EU Deforestation-free Regulation (EUDR), according to Hon. Henry Musasizi, the Minister of State for Finance, Planning and Economic Development (General Duties). The mi
Business •
09 Oct '24
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa
Business •
09 Oct '24
As the festive season approaches, many homeowners find themselves preoccupied with various ways to refresh their homes, even when everything is still perfectly functional. Ronald Atwine, a civil engineer and managing director of SandBolt Limited, highlights a significant issue; many homeowne