High Court’s Commercial Division has dismissed a bid by businessman and former property developer, Sendyona Mukasa Edward to be declared bankrupt, paving the way for Equity Bank Uganda to sell his remaining home to recover an outstanding loan.In a case filed as Bankruptcy Cause No. 3 of
Tragedy struck Bugema in the Industrial City Division of Mbale City on Wednesday night after a fierce fire gutted dozens of kiosks and market stalls, leaving traders and residents counting heavy losses.Property and merchandise worth millions of shillings were reduced to ashes in the infern
Andrew Mwenda argues that President Museveni’s age and fatigue are weakening his judgement, leading to risky decisions on major government investments.Journalist and political analyst Andrew Mwenda is amping up his critique of President Yoweri Museveni, arguing that age and fatigue have
Preamble: A Warning from the SourceWe issue this not as a lament, but as a diagnosis of a living crisis. We document not a natural passing, but a designed dismantling. The clan-based cultural groups of Uganda—ancient, sophisticated systems of ecological governance and social belonging—
Russia's economy is facing a "time bomb", as sanctions escalate and interest rates remain high. Businesses around the country are struggling to pay back loans and are fighting to stave off bankruptcy.Firms have watched on helplessly as interest rates were hiked to 21% towards the end of 20
Russia's economic crisis is intensifying with thousands of companies reportedly facing bankruptcy. Businesses have been hit by a double whammy of sanctions and high interest rates, since the outbreak of the full-scale war in February 2022.The key interest rate rose to a staggering 21% last
Professional wrestler Terry Bollea, better known as Hulk Hogan, died on Thursday at the age of 71, according to World Wrestling Entertainment.Bollea is widely recognised as the biggest wrestling star of all time and helped WWE become the behemoth that it is today.In
President Museveni has spoken out on the violent and chaotic scenes that marred the National Resistance Movement (NRM) party primaries held on July 17, warning perpetrators of electoral fraud and violence that they will be prosecuted.In a detailed statement released on Sunday, July 20, the
Today, just four of Africa’s richest billionaires hold $57.4 billion in wealth — more than the combined wealth of 750 million people, or half the continent’s population, according to a new Oxfam report.The report –
Ghana is considering reform in the energy sector, with Umeme in mind How this West African country is looking to the success Uganda has just destroyed to solve its electricity crisisTH
