President Donald Trump has announced the US will double its current tariff rate on steel and aluminium imports from 25% to 50%, starting on Wednesday.Speaking at a rally in Pittsburgh, Pennsylvania, Trump said the move would help boost the local steel industry and national supply, while re
Uganda Development Bank's Managing Director, Dr. Patricia Ojangole, has been appointed Chairperson of the Association of African Development Finance Institutions (AADFI), the umbrella organisation for development finance institutions in Africa.Dr. Ojangole’s appointment was announced dur
The price of brown sugar has soared across Uganda, with consumers and traders alike feeling the pinch of global supply disruptions and erratic weather that has battered production in leading sugar-exporting nations.A kilogram of brown sugar now sells for between Shs5,500 a
Retailers engage with UNBS over standards. PHOTO URNKAMPALA, UGANDA | Retailers in and around Kampala have blamed the continued presence of counterfeit and substandard products in their stores on the Uganda National Bureau of Standar
China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries.A Chinese official said there had been no trade talks with the US, despite suggestion
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
From UK tailors to Australian farmers to Irish whiskey distillers, firms reveal the impact of US measuresDonald Trump’s sweeping tariffs will upend global trade, adding costs and delays to businesses around the world and threatening a recession.The Guardian spoke to eight businesses about
BBC | US Commerce Secretary Howard Lutnick has said President Donald Trump will "probably" announce a deal to reduce tariffs on Canada and Mexico on Wednesday."Both the Canadians and Mexicans were on the phone with me all day today trying to show that they'll do better" on
BBC | US tariffs against Canada and Mexico are set to come into effect on Tuesday but their level will be decided by Donald Trump, the US commerce secretary has said.The US president has threatened to impose 25% tariffs, which are a tax on imports, on his two neighbours on
Teddy Naluswa Bugingo, the wife of Pastor Aloysius Bugingo, may seem modest, but behind the scenes, she is incredibly wealthy.Our investigation reveals that she owns several valuable assets, including a mansion in
