At the break of dawn, before Mbale City fully wakes, the Mbale-Kampala road, which leads to Mbale-Sino Industrial Park, is already alive.Thousands of young men and women move from either direction of the road, most of them on foot and a few others on boda bodas, from their respective villa
Housing Finance Bank posted a net profit of Shs 85.4 billion for the year ended December 31, 2025, marking a 20 per cent increase from Shs 71.1 billion recorded in 2024, as the lender reported strong growth across key financial indicators.The bank’s total assets rose by 15 per cent to Sh
The Bank of Uganda has started buying gold mined in the country and will add it to the official foreign exchange reserves, shifting part of the national safety net from dollars and euros to bullion.In an April 20, 2026 notice, the Central Bank said it had launched a three-year pilot Domest
The World Bank has hailed Uganda’s high economic growth rates but noted that this is not corresponding with the improvement in people’s livelihoods.Ndiame Diop, the Bank’s Vice-President for Africa lauded Uganda for the macroeconomic stability but urged the country to transl
Nicholas Mukasa, the newly appointed Deputy Governor of Bank of NamibiaThe Bank of Namibia has announced the appointment of Mr Nicholas Mukasa as Deputy Governor, marking a significant step in strengthening the central bank’s leadership as it navigates an increasingly complex economic en
The Minister of State for Finance, Planning and Economic Development, Henry Musasizi, has appreciated the progress of the Inspire Africa Coffee Park in Ntungamo during a visit he made alongside Amos Kankunda, the Chairman of the Finance, Planning and Economic Development Committee of Parliament,
Sheba Ampaire Ronah is the new FUFA deputy CEOThe Federation of Uganda Football Associations (FUFA) has announced a new top management team following the approval of a revised secretariat structure aimed at improving governance and operational efficiency.The changes were confirmed b
KAMPALA – Uganda’s public debt has surged to a record US$34.86 billion (UGX 130.84 trillion) as of December 2025, piling fresh pressure on the government’s fiscal managers and raising concerns about the long-term burden on citizens and businesses.According to the Ministry of Finance,
Appearing before Public Accounts Committee of Parliament, Ramathan Ggoobi, Permanent Secretary, Ministry of Finance, and Secretary to the Treasury.Parliament has been told that at the current rate of funding allocated to settle government domestic arrears, it could take more than four deca
Tycoon Sudhir Ruparelia’s ambitious luxury residential development, the One Ten Apartments, is steadily rising in Kololo as one of the most prominent high-end property projects currently reshaping the skyline of Kampala.The 15-storey apartment tower, located along Prince Charles Drive, i
