South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
Senegalese football — and indeed the wider African game — has been thrown into mourning following the tragic death of a promising strikerYoussou Diouf, who featured in Senegal's Ligue 2, reportedly passed away after collapsing during a match in ThièsTributes have since flooded
The decision followed hours of intense debate online where some social media users accused the tax body and KCCA of double standards, having removed similar structures owned by traders and vendors in the city center.The Uganda Revenue Authority (URA) has announced it will remove its contro
The National Resistance Movement (NRM) flag bearer for Kalungu District Woman Member of Parliament, Hon. Helen Nakeeya, has appealed to Chief of Defence Forces Muhoozi Kainerugaba to intervene in escalating political tensions in the district following the recently concluded elections.Addre
In a surprising development in Uganda’s security and government leadership, General Muhoozi Kainerugaba, the Chief of Defence Forces (CDF), has recalled General Gowa and Brigadier Johnson Namanya Abaho back to Mbuya Defence Headquarters after their recent posting at the Ministry of Internal Aff
The Bank of Uganda recently kept the Central Bank Rate (CBR) unchanged at 9.75 per cent, signalling its confidence in the price stability experienced in the economy today.The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic act
The debate over Uganda Wildlife Authority’s (UWA) UGX10 billion request to purchase a helicopter recently intensified, with Members of Parliament questioning the cost and sustainability of the proposal.But according to UWA Executive Director James Musinguzi, the helicopter is not a luxur
KAMPALA — Kampala Capital City Authority (KCCA) enforcement teams, backed by police, demolished dozens of illegal roadside kiosks and structures overnight into Friday, escalating a citywide crackdown aimed at restoring order in the capital’s central business district.The operation foll
With oil production expected to start soon, Dr Julius Kipng’etich projected even stronger growth over the next two to three decades, potentially transforming Uganda into one of the continent’s largest economies.Insurers in Uganda and across the East African region have been called to
Kampala, Uganda: The High Court (Commercial Division) has ordered M/S Muwema & Co. Advocates to pay a total of USD 372,300 (approx. Shs1.34bn) in rent arrears and mesne profits, and to immediately vacate prime premises in Kololo following a protracted lease dispute with Downtown Investments L
