China has announced the discovery of the largest gold deposit ever found in the country since 1949, with estimated reserves of 1,444 tonnes in Liaoning province. The discovery comes at a time when global gold prices are hitting record highs.The Chinese Ministry of Natural Resour
The mood in Kabale has been noticeably shifting in recent weeks, and much of that change is tied to the growing presence of Senior Presidential Advisor on Agriculture, Peace Rugambwa. Her visits have been drawing crowds, not just because she arrives with support, but because she arrives with a me
David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access credit to grow businesses, boost investments, and drive development.The Bank of Uganda has been locked in a he
The Bank of Uganda (BoU) has reiterated that it remains the lawful supervisory authority over large Savings and Credit Cooperative Organisations (SACCOs), dispelling growing public misconceptions about changes in sector regulation.Mr. David Kalyango, the Executive Director for S
In an astonishing turn of events, a woman Member of Parliament, flag bearer for the National Resistance Movement (NRM) in Northern Uganda, has seen her political fortunes transformed overnight.The aspiring MP, whose identity we are protecting for security reasons, has won a mass
Because Kampala’s aquifer system lies directly beneath the industrial area, the suit suggests the contaminants may have seeped further, potentially threatening the water table that serves millions of Kampala’s residentsFrench firm, TotalEnergies Marketing Uganda Ltd., is being sued in
Customs officials at the Jomo Kenyatta International Airport (JKIA) on Thursday arrested six female suspects attempting to smuggle USD$857,300 (Sh103.6 million) from India.The six women of Somali origin arrived at the airport from India aboard Ethiopian airline flight Number ET3
CNB Governor Aleš Michl aims to explore Bitcoin’s role in reserve diversification through testing.Czech National Bank crypto betKey takeawaysWhy did the Czech National Bank invest in crypto assets? The CNB launched a $1 million pilot to gain hands-on experience with
Xpeng XPEV stock jumped 18% to three-year highs on record deliveries and humanoid robot technology. Up 130% YTD, outperforming Chinese EV rivals.TLDRXpeng (XPEV) stock jumped 18% Tuesday to its highest price since July 2022October deliveries hit 42,013 vehicles, up
Standard Chartered Bank Uganda has formally communicated to clients that it has entered into an agreement with Absa Bank Uganda for the sale of its Wealth & Retail Banking (WRB) business. The deal — which covers personal banking, wealth advisory and related retail products — remains subje
