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Museveni praises Omusinga’s role in rebranding Rwenzururu Kingdom

Museveni praises Omusinga’s role in rebranding Rwenzururu Kingdom

President Museveni commended King Omusinga Charles Wesley Mumbere of the Rwenzururu Kingdom for his efforts in promoting peace since his return from nearly seven years of incarceration following his arrest in November 2016. His arrest occurred after a UPDF raid on his royal palace in Kas

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Corruption Dominates Museveni’s Meeting with Permanent Secretaries

Corruption Dominates Museveni’s Meeting with Permanent Secretaries

President Museveni had cautioned Uganda’s Permanent Secretaries against engaging in acts of corruption. “On corruption, you have the lead role because you are the one in charge of government money, person

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Businesses report improved business environment despite rising input costs 

Businesses report improved business environment despite rising input costs 

The Stanbic Purchasing Managers’ Index indicates that businesses faced high input costs, which impacted the cost of production and profitability in September.  However, despite increased costs, Stanbic noted that the private sector remained in the growth territory due to expansio

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Insurance half year premiums grow by Shs104b

Insurance half year premiums grow by Shs104b

Insurance companies recorded an increase of Shs104.9b in gross written premiums in the first half of 2024. Details contained in the Insurance Regulatory Authority (IRA) performance report indicate that the sector expanded by 12.65 percent from Shs828.9b recorded in the half year ended Ju

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World Bank says 26 poorest nations in worst financial shape since 2006

World Bank says 26 poorest nations in worst financial shape since 2006

 The world's 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday. The report finds that these economies are poorer

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Shs400b to be injected in Mbale industrial park roads 

Shs400b to be injected in Mbale industrial park roads 

Deputy Speaker of Parliament Thomas Tayebwa has said government has already contracted China Railway Number 3 Group to design and build key infrastructure in the Sino-Uganda Mbale Industrial Park. The 619-acre park, which was commissioned in 2018, currently grosses an investment portfoli

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Biden postpones maiden trip to Africa

Biden postpones maiden trip to Africa

US President Joe Biden has postponed his trip to Germany and Angola, potentially ending the excitement surrounding what would have been his maiden trip to Africa since he took power. The White House on Tuesday confirmed the grapevine that had swirled on social media networks over the pas

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Women entrepreneurs get Shs18b GROW loans in one month – Amongi 

Women entrepreneurs get Shs18b GROW loans in one month – Amongi 

The Growth Opportunities and Productivity for Women Enterprises (GROW) Project has disbursed Shs18.9b in loans to 1,193 women entrepreneurs across Uganda, Minister of Gender, Labour and Social Development, Ms Betty Amongi, announced. "The 83 per cent loans going to women in small busines

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UPC President Comments On Muhoozi's War Against Diplomats, Cautions Him As He Reveals The Following

UPC President Comments On Muhoozi's War Against Diplomats, Cautions Him As He Reveals The Following

Uganda People’s Congress (UPC) president, Jimmy Akena, has advised General Muhoozi Kainerugaba, the president’s son, to adopt a more diplomatic approach in handling diplomatic matters.Akena emphasized the impo

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Museveni Commits Shs2 Billion to Uplift Muslim Women’s SACCOs

Museveni Commits Shs2 Billion to Uplift Muslim Women’s SACCOs

President Yoweri Museveni has committed Shs2 billion to support the development of Muslim women’s Savings and Credit Cooperative Organizations (SACCOs) in Uganda. During the inaugural Muslim Women’s Conference, held at Old Kampala Secondary School grounds, Museveni promised to deliver Shs1 billi

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