Uganda and Cuba have once again signed another Memorandum of Understanding, this time on Trade cooperation. This is the 3rd cooperation agreement being signed by the two nations after two others which were signed in September last year. The agreements signed in September include; The Collaboration Agreement in the fields of Science, Technology, and Innovations which…
Ugandan entertainment media personality Nalumansi Zahara aka Zahara Toto continues to open more pathways in her life, showcasing an unyielding commitment to personal and professional growth. Totto, a prominent figure at Next Media Services, has made a groundbreaking decision to enter the field of aviation, seamlessly integrating this new venture with her existing media prowess.…
Several Ugandans have come out to express their discontent about a city car importer identified as Mpaata Nelson, who is the proprietor of Mpaatanel Ltd, a car import dealership, whom they accuse of failure to act ethically and professionally in his dealings with clients. The affected clients contend that Mpaata, who is an agent of…
For most enterprising individuals, the new year comes with new financial objectives that have been established to surpass the previous year’s accomplishments, Africa included. As the new year begins, people aim to accomplish goals that have eluded them in the past, and African billionaires are no exception. Said billionaires are tasked with the responsibility of…
Exchange rates are important in the global economy because they influence international trade, investments, and tourism. Understanding how exchange rates function and how they affect different sectors of the economy is critical for businesses, tourists, and governments. Exchange rates show how valuable a currency is in relation to other currencies. The strength of a country’s…
The International Monetary Fund has agreed to a funding program with six East African countries. So far, the global lender has approved the payment of $620.65 million in budgetary support for them including Rwanda, Tanzania, and the Democratic Republic of Congo (DRC). This is a small part of the commitment that totals $1.92 billion. The…
The International Monetary Fund (IMF) is a key player in global finance, offering monetary assistance to governments suffering economic difficulties. However, these loans from the IMF can have deep and varied effects on their economy. These effects are felt in some parts of Africa, particularly in regions where the debt is unsustainable. Typically as a…
A growing number of African countries have found themselves caught in the challenging web of debt distress, a predicament exacerbated by the COVID-19 pandemic, and global economic downturn. These problems have presented governments on the continent with stark choices needed in funding their economy. As a result, nearly half of Africa’s countries face difficulties making…
Google has agreed to settle a consumer privacy lawsuit seeking at least $5 billion in damages over allegations it tracked the data of users who thought they were browsing the internet privately. The object of the lawsuit was the “incognito mode” on Google’s Chrome browser that the plaintiffs said gave users a false sense that…
The High Court in Kampala has issued an order declaring that Bank of Africa was in breach of contract when it froze the account of Victoria Candles Limited after receiving 1.7 billion Shillings. The Court on Tuesday presided over by Civil Division Judge Musa Ssekaana also ruled that withholding the company’s money or funds and…
