Business •
17 May '25
Government has finally accepted to address one of Buganda Kingdom’s long-standing demands by allocating UGX 60 billion for land compensation, as part of UGX 1.8 trillion supplementary budget tabled before Parliament’s Budget Committee, on Tuesday.
Business •
28 Apr '25
ActionAid has criticised the outcomes of the 2025 Spring Meetings of the World Bank and International Monetary Fund (IMF), calling for the United Nations to take over the global debt resolution process, amid warnings that low-income countries face worsening economic hardship.The global jus
Business •
28 Apr '25
Hundreds of traders are grappling with catastrophic losses following last night fire that gutted Ndeeba in Kasumba Zone Lubaga DivisionThe worst-hit were those dealing in timber and woodworking machinery, whose livelihoods were reduced to ashes overnight.Frustrated by recurring fire
Business •
26 Apr '25
Uganda has assumed co-chairmanship of the Coalition of Finance Ministers for Climate Action at the 2025 Spring Meetings of the World Bank Group and International Monetary Fund (IMF) in Washington, DC.The country will share the leadership mantle with the Netherlands, taking over from Indone
Business •
06 Apr '25
Global tech and media moguls have graced the red carpet with their wives for a glitzy prize ceremony.Mark Zuckerberg, Bill Gates and Rupert Murdoch were all spotted at the 11th Breakthrough Prize awards in Barker Hanger in Santa Monica.The billionaires led the charge on the red carpet, dazzl
Business •
05 Apr '25
I’ve spent much of the past quarter of the year zigzagging across Europe and the US, cursing Vladimir Lenin as I went. He is reputed to have coined the phrase ‘there are decades where nothing happens; and there are weeks where decades happen’, which in turn has been repeated back to me whereve
Business •
28 Mar '25
A storm is brewing over the true cost of buying out Umeme Limited, Uganda’s electricity distributor, as discrepancies in the numbers come to light.The Auditor Genera, Edward Akol has advised the government to pa
Business •
12 Mar '25
City businessman and billionaire, Hassan Basajjabalaba could lose a significant part of his Kampala International University over UGX 57 billion loan dispute after the High Court in Kampala ruled in favor of Housing Finance Company Limited in a high-stakes financial dispute.The ruling, whi
Business •
03 Mar '25
The late Hajji Bulaimu Muwanga Kibirige (BMK) was a businessman in Uganda. He built a strong business empire, including Hotel Africana, which expanded to different parts of Africa. Since his passing, his businesses are facing financial difficulties, with debts t
Business •
03 Mar '25
Rwanda Defense Force (RDF) has announced the capture of 14 individuals it claims are fighters of the Democratic Forces for the Liberation of Rwanda (FDLR), an armed group opposed to the Rwandan regime. These individuals were allegedly apprehended in the Democrat