Heavy Rains Paralyse Traffic in Kampala as Floodwaters Cover Major Roads
KAMPALA, Uganda — Heavy rains that pounded Kampala early Thursday morning flooded several roads and disrupted the morning commute, leaving motorists stranded and t...
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Power generation drops to 4,300MW as gas shortfall hampers thermal plants
Electricity generation in Nigeria has fallen to an average of 4,300 megawatts (MW) following a significant reduction in gas supply to thermal power stations, the Nigerian...
BIG STORM: Power Struggles At ERA Risk Uganda’s Electricity Stabilization Efforts
A power sector storm is brewing in Uganda as internal conflicts at the Electricity Regulatory Authority (ERA) intersect with national energy supply challenges, threatenin...
Uganda receives first batch of injectable HIV prevention drug
Uganda has received its first 19,200 doses of Lenacapavir, a twice-yearly injectable HIV prevention drug supported by the Global Fund and PEPFAR, targeting high-burden di...
Gov’t to spend Shs56.9b on LC1, LC2 elections
KAMPALA — The Government of Uganda has approved a budget of Shs56.9 billion to facilitate the long-awaited elections for Local Council One (LC1) and Local Council...
MPs Question Finance Ministry on Delayed Substantive Appointments
Legislators on the Public Accounts Committee (Central Government) have put the Ministry of Finance, Planning and Economic Development to task over failure to appoint subs...
UCC trains 1,800 boda boda riders to drive Uganda’s digital economy
KAMPALA — The Uganda Communications Commission has trained 1,800 boda boda riders in an ambitious drive to transform the country’s informal transport sector...
South Africa Bond Rally Builds Ahead of February 25 Budget
South African bonds extended gains as investors positioned for Finance Minister Enoch Godongwana's budget presentation on Feb. 25. Morgan Stanley said the budget could re...
Why Uganda must become a permanent member of BRICS
If we become permanent members of BRICS, the most obvious benefit shall be economic. Our economy relies heavily on agriculture, raw materials, and a growing services sect...
Bank of Uganda maintains the central bank rate
The Bank of Uganda recently kept the Central Bank Rate (CBR) unchanged at 9.75 per cent, signalling its confidence in the price stability experienced in the economy today...