Donald Trump, after being sworn in as the 47th President of the United States, delivered a 30-minute inaugural speech outlining his policy agenda. Key promises included a crackdown on immigration and a focus on dismantling diversity, equity, and inclusion initia
The Ministry of Energy says opening up new areas will, among others, contribute to the sustainability of oil production. The Ministry of Energy and Mineral Development has opened up three new areas or frontier basins for petroleum activities spanning 17,244 square kilometres across the c
The British American Tobacco team led by Chris Achola, Cluster Head BAT East and Southern Africa met with URA to identify ways on curbing illicit trade in cigarettes in the East African region. During the meeting held at URA headquarters, Nakawa BAT proposed different ways through which
(Kampala) – MTN Uganda has recommended an increase in its second interim dividend to shareholders following a significant rise in net profit for the third quarter of 2024. The telecom company reported a 29.6% increase in profit after tax, amounting to 460 billion Ugandan shillings for the f
Mobile phone subscribers in Uganda are now spending an average of Shs13,365 per month on mobile phone services, according to a report by Uganda Communications Commission (UCC). The report, which reviews the quarterly performance of the telecommunication sector, indicates that the average
The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by analysts that recovery was likely to nosedive, at the start of the year. The Permanent Secretary in the Ministry of Fin
The Democratic Republic of Congo (DRC) has protested the US labelling of child labour in mines, with Kinshasa saying the assessment does not take into account the steps taken to improve on the sector’s governance. The reactions this week followed a US Department of Labour’s report th
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
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
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,
