MOMBASA, Kenya – Uganda’s tea sector is showing renewed signs of recovery, with auction prices rebounding 21% and absorption rates strengthening.Sector players say this offers cautious optimism to growers and processors after years of volatility. Data from the Mombasa tea auction indic
Kampala, Uganda | THE INDEPENDENT | Uganda’s fuel prices have edged up by around 5% amid rising tensions in the Middle East, but strong reserves and reforms in the country’s procurement system have limited the impact on consumers.Petrol and diesel remain below previous highs recorded b
The Bahrain-based subsidiary of Vitol, the world’s largest independent oil trading firm, has faced major disruptions after Iran restricted access through the Strait of Hormuz in response to joint US-Israel attacks about two months ago.KAMPALA: Senior executives of Vitol Bahrain E.C, Ugan
Rwanda Utilities Regulatory Authority has raised retail fuel prices, citing global market trends and cost pressures, in a move expected to ripple through transport and consumer prices in the East African economy.In a statement issued late Friday, the regulator said petrol prices will rise
KAMPALA, Uganda — Uganda is hurtling toward a systemic social and economic crisis as a rapidly aging population outpaces a retirement savings framework that currently excludes 16 million workers.While the national pension sector appears robust on paper—with assets surging 21 percent to
Bitcoin remained stable near the USD 88,000 mark on December 26, 2025, as ongoing market fluctuations continued to weigh on the broader cryptocurrency sector. Despite brief upward momentum earlier, volatility has persisted in recent weeks, keeping investor sentiment cautious and limiting any stro
President Salva Kiir chairs an extraordinary meeting of the Council of Ministers in Juba on Tuesday, December 23, 2025, to discuss key peace agreement amendments.The Council of Ministers has announced the establishment of a specialised payment mechanism designed to expedite the clearance o
Bitcoin failed to break above $90K again, while its gold correlation slipped deeper into negative territory.Bitcoin rejected at $90K again as gold correlation turns negativeBitcoin slipped back from the $90,000 mark on 22 December, marking another rejection at a level that has repea
Bitcoin price today is trading around the USD 88,000 level after recent gains, following weeks of volatility. Despite upward momentum, BTC continues to face resistance near the USD 90,000 mark as sell-off pressure and cautious investor sentiment influence short-term market movements.Bitcoi
The liquidation heatmap showed that there was a chance of a brief LTC price bounce to $82 next.Bitcoin [BTC] bounced to $89.5k before sinking to post a new low of $84.5k. This volatility saw Litecoin’s price [LTC] drop 7.5% in 5 hours, with the altcoin posting a new lower low at $72.64.
