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
Five months after its launch, Zimbabweâs new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the governmentâs plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold, is the
Private Sector Foundation Uganda (PSFU) has asked government to ensure that electricity costs are reduced in the 2025/26 financial to improve competitiveness. PSFU also wants government to ensure that the country has adequate fuel reserves to address transport cost shocks that continue t
In the wake of the ICC Men's Cricket World Cup Qualifiers, Uganda is set to take on Papua New Guinea (PNG) in a four-match bilateral series, renewing a rivalry forged on the world stage. This series, starting Wednesday and to hosted at the picturesque Entebbe Oval, promises an exciting
Since time immemorial, during dry seasons, farmers in Lamwo District have burnt grass in their gardens to stimulate the growth of fresh green grass for their livestock and to enhance soil fertility. Smallholder farmers believe dry grass is not nutritious to their animals, and in a desper
The absence of a substantive Central Bank governor – a key figure in managing the economy – robs the country of much-needed expertise, experts have said. The position has remained vacant for 969 days and counting following the death of Emmanuel Tumusiime-Mutebile in a Nairobi hospi
The duty to provide water and sanitation services in a home, has traditionally been a preserve for the woman in a family. Daily chores include water collection, sanitation management and hygiene maintenance and education of the children. This prevails in modern
The International Monetary Fund has said Uganda has navigated post-Covid-19 recovery well due to sound macroeconomic policies.The country’s economic recovery, the IMF noted in a statement is strengthening, chara
Currently, freight transit from the Port of Mombasa through Uganda to Rwanda, Burundi, and the Democratic Republic of Congo is about 650,000 metric tonnes per year. This volume is expected to increase significantly with the new railway, potentially growing by ov
Over the past six decades, Uganda and Russia have nurtured a burgeoning trade relationship characterized by mutual benefits. In recent years, the trade volume between the two nations has shown a significant upward trajectory.In the global arena, strateg
