South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could reinforce fiscal consolidation and further compress the risk premium on sovereign debt. The bank described the upcoming fiscal up
In a surprising development in Uganda’s security and government leadership, General Muhoozi Kainerugaba, the Chief of Defence Forces (CDF), has recalled General Gowa and Brigadier Johnson Namanya Abaho back to Mbuya Defence Headquarters after their recent posting at the Ministry of Internal Aff
Johannesburg, South Africa – Bellarmine Chatunga Mugabe, the youngest son of the late Zimbabwean President Robert Mugabe, finds himself embroiled in a serious legal battle following his arrest on Thursday, 19 February 2026, for attempted murder. The incident, a shooting at his opulent Hyde Park
The Bank of Uganda recently kept the Central Bank Rate (CBR) unchanged at 9.75 per cent, signalling its confidence in the price stability experienced in the economy today.The Monetary Policy Committee (MPC) assessed that the current policy stance remains appropriate to support economic act
The appeal comes after Kenya Commercial Bank (KCB) Uganda threatened to sell the prime condominium unit at Plot 1, Fumu Lane unless $182,709 (about Shs 655 million) is cleared within 21 days. Friends of the late former PLU Vice President Cedric Ndilima Babu are considering launching a camp
The page claimed that its findings were based on Google searches, social media reach and global influence.Singer Eddy Kenzo stirred a debate this weekend online after reposting a claim suggesting he is the most famous Ugandan.The assertion originated from a social media page known a
Queen Charlotte Komugisha (48) loses 2nd court case in One week as judge rules that their 12-year-old son leaves home & goes to boarding to avoid exposure to parental quarrels.Robert Magara the Grade 1 Magistrate at the Makindye court in Kampala has ruled that the embattled Kampala tik
Soroti, Uganda: The Soroti Fruit Factory operates at a loss of Shs5.371 billion for the 2024/2025 Financial Year, deepening its financial troubles despite a recent management overhaul, the latest Auditor General’s report reveals.The audit report released on December 31, 2025 by Auditor G
A scathing report from Uganda’s auditor general has uncovered deep financial and operational dysfunction at the National Drug Authority. From idle billions in unclaimed deposits to vacant floors in its headquarters, the agency faces growing questions about its ability to regulate the nation’s
After ten years, millions in financing and bold promises to transform Uganda’s business and tourism competitiveness, the Competitiveness and Enterprise Development Project (CEDP) is now under an unforgiving spotlight.The December 2025 Value for Money audit on CEDP has laid bare a troubli
