Parliament is today set to authorize a staggering Shs8.2 trillion in new borrowing, a move that signals the nation’s spiralling public debt already at Shs116.2 trillion (51.3% of GDP) and its economic implications.According to the house order of today’s business (Order Paper
Why speed of the upswing has been much faster than analysts predicted and why the rally is likely to continue?COMMENT | LUKE HARTIGAN | The price of gold surged above US$4,100 (Approx. Shs14 million) an ounce (Approx.28g) on Oct.15 for the first time, taking this year’s extrao
The government has unveiled a new digital traffic monitoring system to curb the country’s soaring road accident rates, targeting reckless drivers, unfit vehicles, and impunity on the roads.The initiative, announced by the Ministry of Works and Transport, is part of a broader strategy to
Donald Trump, after being sworn in as the 47th President of the United States, delivered a 30-minute inaugural speech outlining his policy agenda. Key promises included a crackdown on immigration and a focus on dismantling diversity, equity, and inclusion initia
KAMPALA, Uganda — The streets of Kampala, Uganda’s capital city, are bustling with young men, many of whom are struggling to make ends meet. With unemployment rates soaring, some of these young men are turning to a desperate measure: male sex work.
Sudan has cancelled a port deal with the United Arab Emirates in an apparent protest at Abu Dhabi for its supposed support for the Rapid Support Forces, the paramilitary engaged in a deadly conflict with government forces. Finance Minister, Jibril Ibrahim said his country had cancelled a
In June this year, Kampala registered the highest cases of suicides in a single month, most of them involving high-profile individuals. Mr Luke Owoyesigyire, the Kampala Metropolitan Police deputy spokesperson, said four of seven incidents were registered in a single day on Martyrs' Day
Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option
In a world where financial realities can easily get buried under mounting credit card debt, one mother, Jenny Bauman, found herself deep in the trenches of debt accumulation. Living in a Bubble: Bauman, 45, enjoyed the comfort of a 3.75% mortgage while grappling
An artist’s rendering of the Forbes International Tower.Photo: Adrian Smith + Gordon Gill ArchitectureForbes is set to construct a 50-storey hydrogen-powered building in Egypt, the first of its kind in Africa. This groundbreaking pr
