Business •
20 Nov '24
(Kampala) â Uganda owes $433,582 (UGX 1.679 billion) in ground rent arrears to Kinshasa authorities for a commercial property in the Democratic Republic of Congo (DRC). Despite having the funds, the payment remains stuck due to unclear instructions from the DRC side, raising fears of property s
Business •
20 Nov '24
(Kampala) â The Constitutional Court has embarked on a three day session, starting November 18, 2024, to deliberate on 14 petitions, one of which challenges the constitutionality of the State House Anti-Corruption Unit (SHACU). The petitioners argue that SHACUâs actions, such as arrests, i
Business •
15 Nov '24
The intense labour pains a mother endures during childbirth often transform into overwhelming joy the moment she holds her healthy newborn in her arms. However, for some mothers, this joy is cut short when healthcare providers recommend that the baby be placed in the Neonatal Intensive C
Business •
15 Nov '24
The former Archbishop of Canterbury, Justin Welby, was loved and scorned in equal measure. While some admired him for taking a stand on allowing the clergy to bless same-sex relations, some conservative Anglican churches around the world detested him for backing the move, terming it as an u
Business •
15 Nov '24
The Uganda Aids Commission (UAC) has raised concerns about the high number of new HIV infections registered in the country annually, which may hinder Uganda’s goal to end Aids by 2030. Dr Vincent Bagambe, the director of planning and strategic information at UAC, said although new infe
Business •
15 Nov '24
A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an
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15 Nov '24
Japanese Princess Yuriko has died aged 101 after her health deteriorated recently, palace officials said.Yuriko was the wife of wartime Emperor Hirohitoâs brother and the oldest member of the imperial family. She died on Friday at a Tokyo hospital, the Imperial Household Agency said.
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15 Nov '24
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
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15 Nov '24
Rajini Tailor, a renowned businessman and former Buganda Kingdom minister, has been embroiled in a debt dispute with the Muljibhai Madhvani Foundation, resulting in his recent detention at Luzira Prison. The dispute centres on unpaid rent arrears amounting to approximately Shs148 million
Business •
15 Nov '24
President Joe Biden heads to South America this week for a curtain call with global leaders after over 50 years in U.S. politics, but the man he tried and failed to keep from returning to power is likely to be the focus of many meetings: incoming President Donald Trump. Biden will hold