Bank of Uganda data shows the local currency briefly strengthened further to about Shs3,646 per dollar earlier this week before surrendering some gains as demand for foreign currency resurfaced.KAMPALA: Uganda’s shilling has staged
Mr Tanna said the Ministry of Trade is finalising several policy reforms to strengthen the MSME ecosystem, including the revision of the MSMEs Policy (2015), the Startup Development Policy, which is expected to be submitted to Cabinet soon, and the Business Deve
famous metaphor “You will never reach your destination if you stop and throw stones at every dog that barks at you”. This is what came to my mind a while ago. The wise saying is often attributed to Sir Winston Leonard Spencer Churchill who was a British statesman, military officer, writer and
When President Museveni delivers the State of the Nation Address on Thursay, Ugandans will be listening keenly for the direction he plans to steer the nation in the first year of his seventh term. The SONA is a constitutional mandate under Article 101 (1), delivered at the beginning of eac
Axios’s account of an expletive-laden phone call between President Trump and Prime Minister Netanyahu has landed at a fraught moment. According to a U.S. official’s summary cited by Axios, Trump told Netanyahu: “You’re fucking crazy. You’d be in prison if it weren’t for me. I’m savi
The High Court has ruled that the sale of a mortgaged property in Najjera by Housing Finance Bank was unlawful, negligent, and conducted at a gross undervalue. Justice Susan Odongo delivered the decision in a case filed by Barnabas Samuel Aliku and Christine Mutesi Aliku, who accused the bank of
The Forum for Democratic Change has accused the government of failing to prepare Uganda for fuel supply shocks, calling for emergency tax waivers and restoration of national fuel reserves as pump prices continue to rise amid tensions in global oil markets.The Forum for Democratic Change (F
Before Mbale city fully wakes, the Mbale-Tirinyi road, which leads to Mbale-Sino Industrial Park, is alive with activity. Hundreds of young men and women move from either direction of the road, most on foot and a few others on boda-bodas from their respective villages within Mbale City and neighb
Uganda National Oil Company (Unoc) said on Wednesday it had begun discharging nearly 100 million litres of fuel at the port of Mombasa, with the first consignments expected to reach Uganda within days amid rising pump prices.The shipment, offloaded on May 5, comprises 47.5 million litres o
In a policy message ahead of the celebrations, Col. (Rtd) Dr. John Francis Ongia, UDC’s Senior Liaison Officer, unveiled what he termed the “AKISONI Framework”—a phased strategy designed to align consumer needs with national industrial ambitions.Dr. Ongia said current public and po
