Business •
02 May '26
Iran released a statement on Saturday, saying it will enforce “new rules” over waters along its coastline in the Arabian Sea and the Strait of Hormuz, making the waters “a source of security and prosperity for the region”.The announcement came as US Treasury Secretary Scott Bessant
Business •
30 Apr '26
Security and veterinary officials have suspended animal and animal product markets in Ntungamo District following an outbreak of foot and mouth disease in some parts of the district. The animal movement quarantine will also affect Rukiga District.The Ntungamo Resident District Commissioner
Business •
30 Apr '26
Minister Aber (left) said authorities are prioritising the restoration of business premisesGovernment has shifted focus to traders operating in basement shops affected by the recent disaster, with officials promising immediate interventions to restore business activity while reviewing long
Business •
30 Apr '26
A key cross-border highway linking Uganda to Tanzania has been cut off after heavy rains washed away a section of the road, stranding motorists and disrupting trade in the region.Transport and trade have been brought to a standstill along the Masaka–Kyotera–Mutukula highway after a sec
Business •
24 Apr '26
Today’s economic hardship is real, with many Ugandans, especially teachers, feeling the pinch. The burden of debt is palpable, and it is affecting the quality of education. With salaries stretched thin, borrowing has become a survival tool. But the cycle of repayment pressure is taking a toll.
Business •
23 Apr '26
Produce dealers in Nebbi are counting losses as rising fuel prices have forced them to hike the cost of food.Since rising fuel prices have a significant impact on food prices, customers are being forced to move long distances in search for cheaper prices.Some of the traders who ar
Business •
18 Apr '26
Ship traffic resumes at Strait of Hormuz following US-Iran ceasefire (Image: Getty)Iran swiftly reversed course on reopening the Strait of Hormuz, reimposing restrictions on the critical waterway after the US said the move would not end its blockade.
Business •
18 Apr '26
Iran has reopened six airports and resumed scheduled international flights from Tehran's Imam Khomeini International (IKA) and Mehrabad airports, with Mahan Air leading the return to commercial operations, flight tracking data showed on April 18, IntelliNews confirmed.Maghsoud Asadi Samani
Business •
17 Apr '26
On Wednesday morning, President Donald Trump declared on Truth Social that the Strait of Hormuz is now “permanently” open — crediting US military superiority and a new understanding with China under which Beijing agreed not to ship weapons to Iran. He added that President Xi Jinping would g
Business •
17 Apr '26
Eight ministers may face the knife over the raging Kinyara Sugar Limited and Victoria Sugar war, a battle of World War II magnitude that has rocked the sugar sector and left political heavyweights bruised, exposed, and fighting for survival as a looming cabinet reshuffle casts a long shadow over