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
Private Secretary to President of Uganda for Youth, in Agriculture, Value addition, Export promotion Dr Kisanja Hillary Musoke (right) welcoming back some of the Science Students supported under Presidential Initiative on Science Development who had returned fro
State inquiry launched into fraudulent mining deal that duped Dutch investor, exposed systemic abuse in Uganda’s extractive sectorKotido, Uganda – A significant financial scandal involving an alleged UGX 2 billion go
Hundreds of traders are grappling with catastrophic losses following last night fire that gutted Ndeeba in Kasumba Zone Lubaga DivisionThe worst-hit were those dealing in timber and woodworking machinery, whose livelihoods were reduced to ashes overnight.Frustrated by recurring fire
A section of traders at Nyumanzi Market in Ajugopi Parish, Dzaipi Sub-county comprising both nationals and refugees are counting heavy losses following a devastating fire outbreak on Sunday evening.James Ondoga Okido, the Dzaipi Sub-county Local Council III Chairperson, said the
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.
Uganda continues to lose significant revenue from the artisanal and small-scale mining (ASM) sector due to rampant informality and weak regulatory enforcement, the Advocates Coalition for Development and Environment (ACODE) has said.Despite being rich in minerals, Uganda has failed to tran
Tesla Inc. chief Elon Musk ’s wealth has slipped below $300 billion for the first time since November as the indiscriminate fallout from President Donald Trump ’s tariffs punishes even those closest to him.Musk lost $4.4 billion on Monday after Tesla stock extended losses, taking his total f
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
Evelyn Anite was once a highly influential minister in Uganda and a staunch supporter of President Yoweri Museveni. Many believed she had a bright and enduring future in politics. However, her fortunes have changed dramatically, and she is now associated with nu
