Business •
09 Oct '24
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot
Business •
09 Oct '24
President Museveni has guaranteed to give Shs 2 billion to the Savings and Credit Cooperative Organisation (SACCO) of the womenâs council affiliated to the Uganda Muslim Supreme Council (UMSC), the governing body of Muslims in the country. The money is geared towards backing the eco
Business •
08 Oct '24
Justin Bieber’s song “Lonely” is experiencing a significant resurgence, with sales skyrocketing nearly 1,500 copies in the past week, according to Luminate. While this surge hasn’t quite propelled the track onto Billboard charts, it brings it closer to m
Business •
08 Oct '24
Amidst all the news of corruption, misuse of public funds, incoherent census result numbers, disease outbreaks, war and deaths, the media, regardless of the perception of it being a harbinger of bad news, manages to deliver some rays of hope in form of positive happy-ever-after stories every
Business •
08 Oct '24
Concerns over a wider conflict in the Middle East have prompted international airlines to suspend flights to the region or to avoid affected air space. Below are some of the airlines that have adjusted services to and from the region: AEGEAN AIRLINES AGNr.AT The Greek airline can
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08 Oct '24
The Opposition Forum for Democratic Change (FDC) has rubbished the recently released 2024 National Population and Housing Census report, calling for a repeat of the entire exercise. The party deputy secretary for publicity, Mr Warid Lubega Mulindwa, said the report released by Uganda Bur
Business •
08 Oct '24
How old were you in 1962? I was 14 and I was very lucky because I happened to have been raised in Katwe (a suburb in Kampala), so I walked to Kololo Airstrip where the Union Jack was to be lowered for the last time in Uganda at midnight. Everybody was excited. I witnessed the arrival
Business •
08 Oct '24
Kampala City businessman and socialite Nasser Nduhukire, also known as Don Nasser, has been further remanded to Luzira Prison until October 23. Nduhukire appeared on Tuesday morning before the presiding Chief magistrate at Buganda Road Court, Mr Ronald Kayiizi for his case in which he fa
Business •
08 Oct '24
In a tale of two lifestyles and mixed fortunes, some richer Ugandans are dying earlier while their poorer counterparts are living longer. Our analysis of two separate reports from Uganda Bureau of Statistics (Ubos) and another from the World Bank show that people in regions with high pov
Business •
08 Oct '24
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,