The influx of different traders, especially the Chinese, has changed the trade dynamics in Uganda’s downtown business – the heart and soul of the country’s local trade industry – creating what many see as an unfair ground. For example, while the Chinese traders can tap into their home country’s cheap labour and low interest rates…
The Electoral Commission (EC) will on Monday, March 11, 2024, nominate Uganda People’s Congress (UPC) flag bearer Ms. Sarah Aguti Nyangkori to participate in the Dokolo District Woman Member of Parliament by-election. Nyangkori who will be accompanied by party President Mr. Jimmy Akena and other top bigwigs will be nominated at 11:00 AM at Electoral…
The International Monetary Fund (IMF) has disbursed a USD 120 million loan to Uganda under the Fund’s Extended Credit Facility (ECF) program. “The Executive Board of the International Monetary Fund (IMF) concluded the fifth review of Uganda’s Extended Credit Facility (ECF) Arrangement. The completion of the fifth review enables the immediate disbursement of SDR 90.25…
It is business usual in abattoirs in Kampala despite the Ministry of Agriculture directive banning the sale of meat and closure of all slaughter places in Kampala over foot and mouth disease Dealers in meat say they have not received any notification about the closure. Government has reported cases of foot and mouth disease in Rubaga…
President Museveni has launched a new women entrepreneurship project that he says, if taken serious, will not only uplift women but also help leverage their ability to tap from other government programmes. The World Bank-funded Generating Growth Opportunities and Productivity for Women Enterprises Uganda project, that is being promoted locally under the acronym GROW, is…
Legislators are raising concerns about the app’s capacity to spy on and manipulate Americans, which is driving a bill in the House that could make the popular video-sharing app TikTok unavailable in the country. Although White House press secretary Karine Jean-Pierre stated that the TikTok legislation “still needs some work” before President Joe Biden would…
Equity Bank has launched an investigation into possible fraud involving agent float financing and stock loans. Customers that used mobile banking services made up the majority of those impacted. They claimed that some dishonest people had been able to change their PINs and take money out of their accounts without their knowledge. Equity Bank acknowledged…
While addressing the leaders of the National Women’s Council and the National Resistance Movement (NRM) Women’s League at State House-Entebbe, President Yoweri Kaguta Museveni has challenged women leaders to preach the message of getting everyone into the money economy instead of spending time politicking. “Every homestead must join the money economy with “ekibaaro” and those…
According to research firm Counterpoint, Apple’s iPhone sales in China decreased by 24% in the first six weeks of 2024 when compared to the same period the previous year. It happens at a time when domestic competitors are putting the US tech giant under intense pressure in the nation. According to the report, China’s Huawei…
Fighting between the Sudanese Army and a rival group known as the Rapid Support Forces (RSF) has left thousands dead and eight million displaced. Across the war torn country, 18 million people are acutely food insecure and five million now face starvation. Restricted in their movements by ongoing violence and interference from warring parties and…
