The recent report (2023) by the Auditor General pins Uganda’s public debt at a staggering shs. 97 trillion ($25.3 billion). A 12.27 percentage change from 2022 when it stood at shs. 86 trillion. External debt is valued at shs. 52.8 trillion, up from shs. 48.4 trillion the year before. Shs. 44.6 trillion for the domestic…
Several fuel stations operating in rural communities do not meet required standards, according to stakeholders and district leaders in the Tooro sub-region. They have urged the Ministry of Energy and Mineral Development and the Uganda National Bureau of Standards to regulate the proliferation of fuel stations. When the UNBS and the Ministry of Energy and…
According to Gucci’s Paris-based owner Kering, sales in the first quarter are predicted to drop by 20% as a result of a slowdown in Asia. The warning stands in contrast to competitors Hermès and LVMH, whose sales have held steady. Although the luxury market has expanded over the last ten years, recent sales have not…
The government has lifted the ban on the sale of meat and the transportation of livestock within Kampala city, following last month’s foot and mouth disease (FMD) outbreak. An FMD case was found in a grazing unit in Kampala’s Rubaga division in February. In an effort to stop the disease from spreading further throughout Kampala…
In its latest financial report, MTN Uganda reveals robust growth and promising prospects for the future amidst challenging market conditions. Mobile subscribers surged by 13.3% to reach 19.5 million, contributing to a revenue of shs 493.0 billion. Profit After Tax (PAT) also saw a notable increase of 21.4%. The total dividend for 2023 rose by…
