Business •
06 May '26
Uganda National Oil Company (Unoc) said on Wednesday it had begun discharging nearly 100 million litres of fuel at the port of Mombasa, with the first consignments expected to reach Uganda within days amid rising pump prices.The shipment, offloaded on May 5, comprises 47.5 million litres o
Business •
06 May '26
State Minister for Investment and Privatisation Evelyn Anite said Pearl Bank now has the opportunity to expand beyond Uganda and position itself as a serious regional competitor.Pearl Bank’s profits rose 34 percent to Shs47.3 billion in 2025.Minister Evelyn Anite urged the bank to
Business •
05 May '26
The Government is set to introduce a new online system for recruiting civil servants, in a move aimed at ending corruption and bribery in the recruitment process that has affected many job seekers across the country.The State Minister for Public Service, Ms Grace Mary Mugasa, said the new
Business •
03 May '26
Uganda has been ordered to pay about Shs522 billion ($138.93 million) to Rift Valley Railways Uganda Limited (RVRU) after an international arbitration tribunal in London found that the government “wrongfully terminated” a railway concession agreement.The dispute arises from a regional
Business •
02 May '26
Nakaseke, Uganda | Leaders from Lango sub-region, led by the Paramount Chief (Won-Nyaci) His Highness Eng. Dr. Moses Michael Odongo Okune, have presented a comprehensive five-year development memorandum to the Chief Coordinator of Operation Wealth Creation, Gen. Caleb Akandwanaho, also known as S
Business •
28 Apr '26
Residents and local leaders in Kafunjo–Mirama Town Council are raising concern over a surge in livestock theft, following the arrest of a woman found in possession of suspected stolen goats.Rosemary Atuhaire, a resident of Rwabareba Cell, was discovered on Saturday night with 14 goats be
Business •
27 Apr '26
dawn, the usual bustle of business across Uganda’s blossoming cities and towns is missing.Where voices once competed with the clatter of weighing scales and the bargaining cries of customers, there is now an edgy silence.Piles of empty wooden stalls still lie broken, some reduced
Business •
27 Apr '26
Housing Finance Bank posted a net profit of Shs 85.4 billion for the year ended December 31, 2025, marking a 20 per cent increase from Shs 71.1 billion recorded in 2024, as the lender reported strong growth across key financial indicators.The bank’s total assets rose by 15 per cent to Sh
Business •
26 Apr '26
Allen Kagina, former Executive Director of the now-defunct Uganda National Roads Authority (UNRA), and Gen. Katumba Wamala, Minister of Works and Transport, are central figures in Uganda’s road infrastructure sector, now under renewed scrutiny following a High Court ruling on procurement integr
Business •
26 Apr '26
KAMPALA — City tycoon Sudhir Ruparelia has injected UGX 100 million into Gen. Muhoozi Kainerugaba’s high-profile “Run for Hope” birthday charity event, adding fresh weight to what many now see as more than just a fitness and philanthropy campaign.The event, held Sunday morning at K