Business •
19 Apr '26
President Museveni is set to commission an over $300 million cement plant launch, a move that signals a new era for Karamoja and Uganda’s industrial growth.Yaobai Cement Uganda will officially launch its state-of-the-art cement plant in Moroto, in a landmark investment set to reshape Uga
Business •
17 Apr '26
The URA customs officer who rejected the bribe has been identified as Enid Priscilla KatusiimeA female customs officer at the Uganda Revenue Authority (URA), identified as Enid Priscilla Katusiime, is at the center of intense public debate after she rejected a Shs 300 million bribe and unc
Business •
17 Apr '26
A female customs officer at the Uganda Revenue Authority (URA) has been recognized for exceptional integrity after rejecting a bribe of Shs 300 million and uncovering a concealed shipment of cash amounting to $10 million (about Shs 37 billion). The officer, whose identity has not been disc
Business •
04 Mar '26
Eleven years at the helm. Billions borrowed. Mega dams commissioned with pomp and glory. Yet today, hard questions are exploding over the management of Uganda Electricity Generation Company Limited as the December 2025 Auditor General’s report exposes troubling cracks in Uganda’s power genera
Business •
28 Feb '26
Electricity generation in Nigeria has fallen to an average of 4,300 megawatts (MW) following a significant reduction in gas supply to thermal power stations, the Nigerian Independent System Operator, NISO, has disclosed.In a power supply update issued to journalists in Taraba state, the Yo
Business •
06 Feb '26
Bukoto West MP Muhammad Mayanja Ssentayi has explained why he believes the UGX 300 million Parliament plans to give members of the 12th Parliament to buy vehicles is not enough to support their work over a full five-year term.Speaking in an interview on UBC TV, the NRM MP said a car, unlik
Business •
02 Feb '26
President Yoweri Museveni has directed the Bank of Uganda (BoU) to halt threats and directives aimed at forcing Savings and Credit Cooperative Organisations (Saccos) to apply for licences, arguing that the Central Bank should limit its role to oversight rather than direct control.The direc
Business •
17 Dec '25
It all started with Senior Advocate Asuman Kiyingi’s phone being hacked sometime last month and effectively getting taken over by cyber offenders who took charge and sent out messages soliciting tens of millions of shillings from his friends and contacts. They reached out to a lot of big people
Business •
14 Nov '25
Rapid selloffs and high leverage expose traders to sudden losses as digital asset markets remain highly sensitive to volatility.$300 million in leveraged long crypto positions were liquidated in the last 60 minutes due to sudden market selloffs.Bitcoin’s price pulled back from nea
Business •
10 Aug '25
Liverpool and Crystal Palace will meet at Wembley on Sunday for the Community Shield and a number of new big-money signings could feature for the Premier League champions