The portraits of former Presidents Idi Amin Dada and Apollo Milton Obote, so loathed and demonized by many, are gaining popularity on the streets of Kampala. Obote led Uganda to independence in 1962 but fell out with especially the Baganda after he deposed then president and titular head of state
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Rwanda’s biggest brewer, Bralirwa Ltd, will start making Heineken beer locally next month in a move that will allow it to cut retail prices by a fifth, it said on Monday. Bralirwa, which produces local beers like Primus, has been importing Heineken made in the Netherlands. The company said the
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South Africa will invest $1 billion in South Sudan’s oil sector, including in the construction of a refinery, the South African minister for energy and his South Sudanese counterpart for petroleum said on Friday. South Sudan’s oil industry is dominated by Asian firms including China National Petroleum Corporation (CNPC), Malaysia’s
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The Minister of State for Finance (Planning), Hon David Bahati, has revealed that government is set to introduce a Bill that will regulate digital currencies and pyramid schemes. “In October, Cabinet approved the National Payment System Bill. We intend to bring it to Parliament next month so that it caters
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Former Bank of Uganda Executive Director-Supervision, Justine Bagyenda has informed the Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) that she will no longer be appearing before the Committee since she is flying out of Uganda. COSASE is currently probing Central Bank officials over the controversial closure of
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Uganda is the most preferred investment destination by Kenyan small and medium enterprises looking to expand outside the country, a new report says. The 2018 annual Top 100 survey by Nation Media Group and KPMG shows that 78 per cent of local SMEs have opened branches in Uganda, 59 per
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The African Energy Chamber is encouraged by the progress made in South Sudan’s oil sector after the peace agreement. The success of the South Sudan Oil & Power 2018 conference, which was attended by over 750 participants representing upstream, midstream and downstream sectors of the oil sector from Africa, Europe,
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Uganda’s financial sector is full of ethical and governance challenges, former Executive Director, Supervision at Bank of Uganda, Justine Bagyenda has said. Her remarks are contained in her hand over report to her successor, Twinemanzi Twinobwine where she highlighted the challenges faced by Bank of Uganda in streamlining the sector.
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The United States is calling for peaceful and credible elections in the Democratic Republic of Congo, where campaigns for next month's polls begin Friday. In a statement Wednesday, State Department spokeswoman Heather Nauert says the December 23 elections give the DRC "a historic opportunity" to conduct a peaceful and democratic
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Belgium's Ambassador to Uganda and South Sudan, Hugo Verbist has revealed that Uganda stands to benefit from more cooperation with the capital of Europe in the near future. Ambassador Verbist made the revelation while speaking to guests at the Belgium Kings Day celebrations held at Kampala Serena Hotel last Friday,
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