Gulu district is facing financial challenges due to a significant drop in local revenue following a presidential directive against the sale of forest products, severely impacting its economy. The District Speaker Phoebe Ayoo highlighted the directive’s adverse effects on the economy, coupled with the detachment of the City from the District, which relied heavily on…
President Yoweri Museveni is impressed by the supersonic speed under which Convention Centre is being constructed ahead schedule as the country gears up to host the Non-Alignment Movement conference. The conference will take place next early year The head of state said this while touring the construction site at Commonwealth Resort Munyonyo yesterday. He also…
Good roads have become emblematic of a nation’s commitment to progress, offering smoother travel for citizens and visitors alike. The list is courtesy of the International Monetary Fund. The World Bank calls roads the arteries through which the economy pulses. Roads link up producers with markets, get workers to their jobs, help students get to…
The people of Uganda have been named as the biggest pork consumers in Africa and second globally. According to the Daily Monitor Uganda’s big appetite for pork was disclosed by the International Livestock Research Institute (ILRI). On average one Ugandan eats 3.5 Kg of Pork annually, the East African nation is the biggest pork consumer in Africa…
In the ever-changing world of cryptocurrency, every day brings new opportunities and developments. One of the most interesting and promising innovations is cloud mining, a method of mining cryptocurrencies that offers huge benefits to investors and supporters of cryptocurrencies. The leader in this field is the company CGMD Miner, which specializes in cloud mining services.…
Evolve Group Africa is poised to orchestrate the third iteration of the Uganda Marketing Excellence Awards (UMEAS), marking a significant occasion in the realm of corporate recognition. The grand affair, anticipated as the apex for marketers, will unfold on December 1st in a lavish, black-tie gala hosted at the Kampala Serena Hotel. According to organisers,…
The Uganda Investment Authority (UIA) has bagged the prestigious Go Global Awards for its distinguished efforts in making Uganda the number one investment destination in the continent. The UIA Director General, Robert Mukiza received the news of the award, which has enhanced the country’s investment outlook, from Nina Escarda, the Senior Trade Commissioner of the…
Inflation is casting a long shadow over the EU, with rates surpassing 3 percent. The path ahead involves striking a balance between controlling inflation and fostering economic resilience. Inflation, the relentless rise in prices, has become a central concern within the European Union. With inflation rates breaching the European Central Bank’s (ECB) target of around…
Prison Officers and their spouses will get free financial literacy courtesy of Stanbic Bank Uganda. This transformative training lunched on Wednesday is aimed towards enhancing their personal economic progress. The programme follows discussions between Johnson Byabashaijja, the Commissioner General of Uganda Prisons and Anne Juuko, the Stanbic Chief Executive. Israel Arinaitwe, the Head of Private…
The long-standing financial dispute between City Young Tycoon Hamis Kiggundu and Diamond Trust Bank (DTB) has come to an end with all court cases dropped. In a closed meeting held between the two Giant C.E.Os; Hamis Kiggundu Group C.E.O Ham Group of Companies and Nasim Devji, the C.E.O of Diamond Trust BankGroup, the duo reasoned…
