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Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Why The EU Dropped Frozen Russian Assets Plan And Opted For $105 Billion Loan To Fund Ukraine

Belgium’s objections, Russian legal threats and unresolved liability questions forced the EU to drop the reparations-loan proposal and approve fresh borrowing for Ukraine.Denmark's Prime Minister Mette Frederiksen, European Council President Antonio Costa and European Commission Presiden

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Government intervenes in low sugarcane prices in Busoga, sugar millers agree on a minimum price of UGX 125,000 per tonne.

Government intervenes in low sugarcane prices in Busoga, sugar millers agree on a minimum price of UGX 125,000 per tonne.

Kampala– Government through the Ministry of Trade, Industry and Cooperatives together with the sugar millers in Busoga region have set UGX 125,000 as the minimum price of a ton of sugarcane in the region. This follows an outcry from some sugarcane out-growers in Busoga who have taking home as l

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Uganda: Museveni Blames Kassanda's Poor Services On Opposition Voting, Asks Residents to Reverse Trend

Uganda: Museveni Blames Kassanda's Poor Services On Opposition Voting, Asks Residents to Reverse Trend

President Yoweri Museveni has faulted the people of Kassanda District for voting opposition politicians, saying the decision is partly responsible for the poor service delivery in the area.Addressing a rally at Bukuya Town Council grounds on Wednesday, Museveni said that although some prog

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Makerere University Flags Off 230 Students for University Games

Makerere University Flags Off 230 Students for University Games

Makerere University has flagged off 230 students to participate in the 20th edition of the Inter-University Games, scheduled to take place at Uganda Christian University (UCU) in Mukono. Speaking to the students during the flag-off ceremony held at Makerere University on Wednesday evening,

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Phone Thieves Murder Three in Jinja City, Residents Demand Action

Phone Thieves Murder Three in Jinja City, Residents Demand Action

Residents from Jinja North, in Jinja City, have demanded immediate police action, following persistent attacks by hooded killers whose only aim seems to be stealing phones, but has resulted into the death of three residents in a space of one week.Police investigation tapeResidents f

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Poor legacy assets drag down PIC unlisted investment impairments

Poor legacy assets drag down PIC unlisted investment impairments

Public Investment Corporation chair says investments ‘not entirely prudent’PIC chair David Masondo. Picture: FREDDY MAVUNDA/BUSINESS DAYThe high level of impairments in the Public Investment Corporation’s (PIC) unlisted investment portfolio was overwhelmingly due to legacy inv

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URA Arrests Two over US$24,000 Super Match Cigarette Export Scam

URA Arrests Two over US$24,000 Super Match Cigarette Export Scam

The Uganda Revenue Authority (URA) has arrested Frank Mugisha and Muhumuza George suspected of running a fraudulent “export” scheme involving Super match cigarettes. They are charged with obtaining money by false pretense and, manipulation of customs documentation and export entries to defrau

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EX-POST BANK MD OFF THE HOOK! Judge Blasts “Baseless, Vindictive” Internal Auditor as 8-Year Sh292m Case Collapses

EX-POST BANK MD OFF THE HOOK! Judge Blasts “Baseless, Vindictive” Internal Auditor as 8-Year Sh292m Case Collapses

Former Post Bank Uganda managing director Stephen Mukweli (L) is finally a free manFormer Post Bank Uganda managing director Stephen Mukweli is finally a free man after the Anti-Corruption Court tore apart the state’s entire case and acquitted him of all criminal charges.Mukweli h

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Mityana SS shines as youth innovation takes centre stage at 2025 Enterprise Challenge National finals

Mityana SS shines as youth innovation takes centre stage at 2025 Enterprise Challenge National finals

Uganda’s brightest young innovators gathered in Kampala on Thursday for the 2025 National Enterprise Challenge finals, a showcase of the country’s most promising student-led enterprises.The event, held at Pope Paul VI Memorial Hotel in Rubaga, brought together top-performing schools fr

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Uganda Demands Equal Share of Sea Benefits

Uganda Demands Equal Share of Sea Benefits

Minister Byamukama addressing the IMO Assembly in London this weekLONDON/ENTEBBE — Uganda has issued a bold call for the inclusion of land-linked states in global maritime governance, arguing at the 34th International Maritime Organization (IMO) Assembly in London that access to the seas

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