The Uganda Chamber of Commerce and Entrepreneurs’ League and Confederation (UCCEC) has dragged the Governments of Uganda, Kenya and Tanzania to the East African Court of Justice (EACJ) over what it describes as persistent violations of Uganda’s right of access to the Indian Ocean.
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 ba
The UK has agreed to send troops to Belgium after suspected Russian drone incursions on its airspace, the new chief of Britain’s armed forces has said.Belgium’s main airport at Zaventem closed temporarily on Thursday night after drones were spotted nearby and also at militar
Fighter jets from the United States, United Kingdom, and France have been scrambled across the Persian Gulf following coordinated Iranian missile strikes on American military installations in Qatar and Iraq.The escalation, confirmed by Tehran’s state broadcaster as “Operation Basharat
MTN Uganda plans to spin off its mobile money arm, MTN MoMo, into a separate entity, a move that could alter the structure of its business in one of its largest African markets.In a regulatory filing last week, the company said it “intends to implement a proposed
The Uganda Police, through the Directorate of Traffic and Road Safety, has issued a traffic advisory ahead of the National Budget Reading slated for Thursday, June 12, 2025.The advisory outlines changes in traffic flow and road access that will take effect from 5:00am to 7
Ugandan electricity distributor Umeme Limited has announced its intention to pursue international arbitration to recover a disputed sum of Shs.1.062tn from the Government of Uganda. The move follows unsuccessful negotiations regarding the final buyout amount after the conclusion of Umeme's conces
Exiled Ugandan academic and political activist Stella Nyanzi has been granted a new visa allowing her re-entry into Germany, following a tense standoff with German immigration authorities in Nairobi.Nyanzi, who has asylum status in Germany, revealed on Tuesday evening that
Ugandan academic and outspoken political activist Dr Stella Nyanzi says she was barred from returning to Germany despite possessing official documentation confirming her refugee status.In a social media post made on Saturday, Nyanzi accused a German migration officer based in Nairobi of pr
Chaos erupted at Nakawa Chief Magistrates Court following dramatic arrests by plain-clothed operatives during a highly anticipated court session involving opposition figure Dr. Kizza Besigye's treason trial.The confusion began shortly after Besigye’s defense t
