Business •
30 Mar '25
A major controversy has erupted after revelations that Parliament initially approved USD 190 million for the Umeme buyout, despite the actual cost being USD 127 million.The shocking disclosure was made by Jonan Ki
Business •
30 Mar '25
Uganda has taken a major step in its oil sector after signing an agreement with Alpha MBM Investments LLC, a company based in the United Arab Emirates (UAE), for the construction of a crude oil refinery in Hoima District.
Business •
30 Mar '25
President William Ruto has caused a diplomatic stir in Europe following recent remarks that have led to growing concerns over Kenya’s relations with European countries. Ruto's statements have reportedly angered European officials, triggering debates on Kenyaâ€
Business •
30 Mar '25
After months of attempting to remove responsibility, funding and staff from the U.S. Agency for International Development, the Trump administration moved to effectively close it down on FridayThe Trump administrat
Business •
30 Mar '25
Mbarara, Uganda — The Uganda Revenue Authority (URA) has called on landlords across the country to voluntarily declare their rental properties and register for rental income tax, warning of steep penalties for non-compliance.
Business •
30 Mar '25
KAMPALA, Uganda — Uganda’s construction sector is facing a financial crisis due to the government’s failure to pay UGX 1.351 trillion in arrears to road contractors, according to Francis Mwijukye, Shadow Minister for Works and Transport.
Business •
30 Mar '25
The Church of Uganda has firmly opposed the government’s proposal to collect school fees through the Uganda Revenue Authority (URA), arguing that the policy would negatively impact the development of schools.Dur
Business •
30 Mar '25
President Yoweri Museveni once said that Uganda would not suffer if the United States cut its financial aid.“Let them keep their aid! Uganda will not suffer because of their money,” he declared boldly.
Business •
28 Mar '25
The March 23 Movement (M23) rebels have announced plans to establish their own banking system in areas under their control in the Democratic Republic of Congo (DRC), signaling their continued hold over the region.
Business •
28 Mar '25
Big changes are happening in Uganda’s electricity sector as UMEME’s 20-year concession officially comes to an end on March 31. With this shift, many people have been concerned about what will happen to UMEME workers.