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Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s tea prices at the Mombasa Tea Auction have been holding steady for the past seven weeks, with the latest sale, Number 45, ending on November 5, 2024, at an average price of $1.02 per kilogram (around sh3,760). This price mirrors that of the past two weeks, indicating stability in the mark

Ultimate Uganda

Inside proposal to revive tea farming

Inside proposal to revive tea farming

Tea farmers across Uganda are facing a looming crisis, with several processing factories on the brink of closure. This is on account of the low prices of the crop, which has forced some of the tea farmers to uproot the trees in favour of the more lucrative coffee growing and other ventur

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Uganda Shilling Gains While Stanbic Rises, MTN Slips

Uganda Shilling Gains While Stanbic Rises, MTN Slips

The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv

Ultimate Uganda

Tooro tea farmers frustrated as prices remain low

Tooro tea farmers frustrated as prices remain low

Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr

Ultimate Uganda

Fighting Eacop is a lost cause

Fighting Eacop is a lost cause

At the conclusion of the Climate Summit Conference of Parties (COP) 28 in Dubai, United Arab Emirates (UAE), in December 2023, member states committed to rapidly decarbonising their energy systems to keep global warming within the 1.5°C threshold. This requires accelerating the clean energy

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Election observers ask govt to expedite law against commercialisation of politics

Election observers ask govt to expedite law against commercialisation of politics

A section of election observers in Uganda has asked the government to speed up the process of coming up with a law regulating the commercialization of politics as the 2025/ 2026 general elections draw closer. The executive director of Alliance for Finance Monitoring (ACFIM), Mr Henry Mug

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Nine Abandoned Aircraft Confiscated at Entebbe Airport

Nine Abandoned Aircraft Confiscated at Entebbe Airport

(Entebbe) – The Uganda Civil Aviation Authority (UCAA) has taken action by seizing nine aircraft that had been left abandoned at Entebbe International Airport. This move, which took place on September 10, 2024, addresses growing concerns about safety and envir

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How Ndere fell deep into Shs10bn debt

How Ndere fell deep into Shs10bn debt

A few days ago, Quickway Auctioneers and Court Bailiffs listed for public auction, three properties including Ndere Cultural Centre, a well-known institution for cultural preservation and education, due to an unpaid loan.The public notice indicated that Ndere Cultural Centre, sp

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When Oprah Winfrey's Stepmom Said She Was Kicked Out of $1.4M Home By Her: "Robbed Me of My Husband"

When Oprah Winfrey's Stepmom Said She Was Kicked Out of $1.4M Home By Her: "Robbed Me of My Husband"

Cover Image Source: Getty Images| Photo by Greg Doherty; (inset) Photo by Adriane JaeckleIn the 2000s, Barbara Winfrey married Vernon, Oprah

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How Bill Gates spends his $153 billion fortune, from a luxury car collection to pledging most of his wealth to his charity foundation

How Bill Gates spends his $153 billion fortune, from a luxury car collection to pledging most of his wealth to his charity foundation

Bill Gates may be the world's fifth-richest person, but he doesn't plan to stay that way forever.The Microsoft cofounder said in 2022 that he "will move down and eventually off of the list of the world's richest people" as he 

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