Business •
12 Oct '24
Independent presidential candidate Venancio Mondlane on Friday threatened to call a nationwide strike and bring Mozambique to a standstill if ruling party Frelimo claimed victory in the presidential election. Mondlane told Reuters that, based on figures collected by his delegates at poll
Business •
11 Oct '24
Bank of Uganda (BoU) has indicated that at least 74 supervised financial institutions now have access to the National Identification and Registration Authority (NIRA) database. The access, which is part of the plan to enhance the Know Your Customer (KYC) strategy as mitigation against fr
Business •
11 Oct '24
The parties to the South Sudan High-Level Mediation in Nairobi, often referred to as the holdout groups, are expected to sign the final agreement in November following the completion of nine protocols on key agenda items. The revelations from the mediation team signal a revival of the fi
Business •
09 Oct '24
Experts have raised concerns about the frequent consumption of soda, warning that the habit can lead to serious health problems.
Joy Ouma, a nutritionist at Aga Khan University Hospital, explains that beverages like soda provide an immediate energy boost but can negatively impact a person’s
Business •
09 Oct '24
Uganda’s coffee exports to the European Union (EU) are expected to remain unaffected by the looming December 2024 deadline of the EU Deforestation-free Regulation (EUDR), according to Hon. Henry Musasizi, the Minister of State for Finance, Planning and Economic Development (General Duties). The mi
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09 Oct '24
A Kampala banker, Joel Acidri Cadribo, has been remanded by the Standards, Utilities, and Wildlife Court after failing to produce the suspect he stood surety for. Cadribo, an employee at a city based bank, was arrested on 7 October 2024 and brought before the court for failing to fulfill his respons
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09 Oct '24
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
Business •
09 Oct '24
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
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08 Oct '24
In a tale of two lifestyles and mixed fortunes, some richer Ugandans are dying earlier while their poorer counterparts are living longer. Our analysis of two separate reports from Uganda Bureau of Statistics (Ubos) and another from the World Bank show that people in regions with high pov
Business •
08 Oct '24
Collins Baryeija, also known as Emeka the romantic mukiga’s weight loss journey began when he started working at KFM Radio. The excitement of his new job was soon overshadowed by a harsh reality; climbing just a few stairs left him breathless. His then boss, the charismatic Joseph Be