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Uruguay's José Mujica, world's 'poorest president', dies

Uruguay's José Mujica, world's 'poorest president', dies

Former Uruguayan President José Mujica, known as "Pepe", has died at the age of 89.The ex-guerrilla who governed Uruguay from 2010 to 2015 was known as the world's "poorest president" because of his modest lifestyle.Current President Yamandú Orsi announced his pre

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BoU Maintains CBR at 9.75% as Uncertainty Looms

BoU Maintains CBR at 9.75% as Uncertainty Looms

The Bank of Uganda (BoU) has maintained the Central Bank Rate (CBR) at 9.75% signalling a cautious “wait and see” approach in response to growing global economic uncertainty most notably the unresolved US-China trade tensions.The decision comes despite Uganda’s relatively strong econ

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Uruguay's José Mujica, world's 'poorest president', dies

Uruguay's José Mujica, world's 'poorest president', dies

Former Uruguayan President José Mujica, known as "Pepe", has died at the age of 89.The ex-guerrilla who governed Uruguay from 2010 to 2015 was known as the world's "poorest president" because of his modest lifestyle.Current President Yamandú Orsi announced his pre

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ActionAid Urges UN to Lead Global Debt Resolution as IMF, World Bank Face Criticism

ActionAid Urges UN to Lead Global Debt Resolution as IMF, World Bank Face Criticism

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

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Museveni summons the NRM Parliamentary Caucus to State House Entebbe

Museveni summons the NRM Parliamentary Caucus to State House Entebbe

The National Resistance Movement (NRM) Parliamentary Caucus will meet at State House Entebbe on Friday, May 2, 2025, at 12pm.The meeting was confirmed by Denis Hamson Obua, the Government Chief Whip and Chairperson of the NRM Parliamentary Caucus, who stated, "This serves to inform you tha

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Mukono Residents Block Kampala- Jinja Highway in Protest Over Dust

Mukono Residents Block Kampala- Jinja Highway in Protest Over Dust

Residents of Kigombya village in Mukono Municipality on Friday blocked the Kampala–Jinja highway, setting fires in the middle of the road to protest its deteriorating condition.They say the thick dust from stalled road works has disrupted their businesses and posed serious health risks.

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Uganda Takes the Helm as Co-Chair of Global Climate Finance Coalition

Uganda Takes the Helm as Co-Chair of Global Climate Finance Coalition

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

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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

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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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