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Tariffs, Crashing Equities, Recession? - What On Earth Is Going On?

Tariffs, Crashing Equities, Recession? - What On Earth Is Going On?

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

Ultimate Uganda

Govt Eyes Billions in New Taxes on Beer, Cigarettes

Govt Eyes Billions in New Taxes on Beer, Cigarettes

Henry Musasizi, Minister of State for Finance, presented the seven Tax Bills to Parliament’s Finance Committee, outlining the government’s strategies to boost revenue amidst economic pressures.The Ugandan Ministry of Finance has proposed significant tax hikes

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Elias Nalukoola Under Fire For Taking UGX 350 Millions From Government, Opposition In Limbo

Elias Nalukoola Under Fire For Taking UGX 350 Millions From Government, Opposition In Limbo

Erias Nalukoola Luyimbazi, a newly elected Member of Parliament representing Kawempe North under the National Unity Platform (NUP), has found himself at the center of controversy after accepting UGX 350 million from the Ugandan government for the purchase of a v

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Museveni appoints Dr. Atingi-Ego as BOU governor, Prof. Nuwagaba as deputy

Museveni appoints Dr. Atingi-Ego as BOU governor, Prof. Nuwagaba as deputy

Dr. Michael Atingi-Ego (L), the newly appointed Governor of the Bank of Uganda, and Prof. Agustus Nuwagaba (R), the new Deputy Governor, take the reins at the central bankKampala, Uganda – President Yoweri Museveni has appointed Dr. Michael At

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Broke Museveni Gov’t Moves To Cut Cultural Leaders’ Salaries From Shs60m To Shs 5M, Reasons Revealed

Broke Museveni Gov’t Moves To Cut Cultural Leaders’ Salaries From Shs60m To Shs 5M, Reasons Revealed

A Lusoga proverb says, “If you refuse to honor your elders, you will struggle to find guidance in times of need.” This saying is proving true as the government grapples with a funding shortfall that threatens to reduce the salaries of traditional and cultura

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How California's Proposition 36 Changed Shoplifting for Two Thieves

How California's Proposition 36 Changed Shoplifting for Two Thieves

The Seal Beach Police Department in California released video footage of how the newly passed Proposition 36 changed shoplifting for two alleged thieves accused of stealing hundreds of dollars worth of merchandise.Why It MattersThe incident under

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UNATU Sends Warning to Museveni; Reveals What Arts Teachers Will Accept After Pay Rise Rejection

UNATU Sends Warning to Museveni; Reveals What Arts Teachers Will Accept After Pay Rise Rejection

The Uganda National Teachers' Union has modified its stance on salary demands, now accepting even marginal increases in the upcoming national budget. The shift marks a departure from previous hard-line positions following unmet government promises and widening p

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Shocking Truth: Posta Uganda Operating Illegally

Shocking Truth: Posta Uganda Operating Illegally

(Kampala) – Posta Uganda, the country’s postal service provider, has been operating without a valid license, according to revelations from a parliamentary Ad Hoc Committee. During an interface on Tuesday, November 19, 2024, chaired by Karim Masaba, lawmakers scrutinized Uganda Posta Limite

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Economy posts positive results despite negative predictions

Economy posts positive results despite negative predictions

The country’s economic performance got a positive nod in the second quarter of the year, between April and June 2024, expanding by 6.6 percent, despite predictions by analysts that recovery was likely to nosedive, at the start of the year. The Permanent Secretary in the Ministry of Fin

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Economy still faces several risks, says BoU

Economy still faces several risks, says BoU

Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot

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