Mozambique early vote counting under way after peaceful election
Vote counting was under way in Mozambique on Thursday after a peaceful national election that is widely expected to see the ruling Frelimo party extend its 49 years in po...
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Foreign reserves fall to all time low
High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In detail...
Economy still faces several risks, says BoU
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher infla...
At 62: Singapore innovates, Uganda struggles with waste
The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to pro...
Why convicts now outnumber remandees
Previously, the prisons had more inmates on remand than the convicts serving their various sentences. But the trajectory has in the recent past since changed with now the...
Tugende Mu Kikadde: Where nostalgia meets modernity
It is said old is gold, and music precisely does it in a special way because it evokes nostalgic memories of moments in time in our past. But lately, old music seems to t...
Why Kenya president is walking a tight rope on deputy's ouster bid
Embattled Kenyan Deputy President (DP) Rigathi Gachagua on Thursday made a last-ditch attempt to block an impeachment vote against him in the National Assembly, with more...
Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan
There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited...
High staff exits undermining banking sector stability, says BoU
Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are c...
Does Kiira Motors need two years to turnaround?
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 Corporat...