Oil tumbled to an 18-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and a ballooning surplus. Futures in London fell as much as 12.7% to the lowest since March 2002, while New York crude briefly dipped below $20 a barrel.
Read MoreNews
Musinguzi: A Humble Great Manager Tasked To Stop Revenue Leakages At URA
President Yoweri Museveni on Sunday appointed John Musinguzi Rujoki (pictured) as the new Commissioner General of Uganda Revenue Authority (URA) with immediate effect. Musinguzi replaces Doris Akol who has had stellar performance at URA for the last five years. Akol grew revenue collections from Shs9.9 trillion in 2014/15 to Shs16.6
Read MorePresident Yoweri Museveni is set to introduce stringent measures to curtail the spread of coronavirus. According his spokesperson, Museveni will address the nation on Monday night. Uganda now has 33 cases of the dreaded the disease that has wrecked havoc across the world. It will be Museveni's fifth address. Last
Read MoreSellers say fearful buyers are choosing local over foreign produce Sales of fresh fish in Kenya have risen as imports from China have dropped amid the coronavirus pandemic. Sellers in Dunga Beach on the shores of Lake Victoria report a jump in trade of about 40% over two weeks. "The
Read MoreRuparelia Foundation, the charitable arm of the Ruparelia Group of Companies today donated food items to Hadijah Aloyo, a vendor who was brutally beaten by LDUs in Kampala on Thursday last week. This is after a section of security officers misinterpreted President Yoweri Museveni’s directives in the fight against the
Read MoreUganda’s leading higher institution of learning, Makerere University has potential to raise Shs5.3bn annually in revenue if it forms a private company, a human resource audit report has revealed. The report on the University recommends a private company so that the University taps into accommodation revenue. The report recommended to
Read MoreAfter its public advisory notice on COVID-19 went unheeded by certain broadcasters, Uganda Communications Commission (UCC) has written to three TV stations demanding that they show cause why regulatory sanctions shouldn’t be taken against them. Besides regulatory sanctions, BBS TV, NTV and Spark TV also risk facing charges under the
Read MorePolice suspect Thomas Schäfer died by suicide after his body was found on train tracks near Wiesbaden. He was the finance minister for the state of Hesse, where Germany's financial center Frankfurt lies. The body of a man identified as Thomas Schäfer, the finance minister of the German state of
Read MoreGovernment through the Ministry of Health has taken possession of all ambulances purchased by Members of Parliament for their constituencies in order to boost ambulances owned by Government. This is contained in a letter dated 26th March 2020 by Permanent Secretary, Ministry of Health, Diana Atwine (pictured) to the Clerk
Read MorePresident Yoweri Museveni has advised Ugandans to continue farming, saying the COVID-19 pandemic that's ravaging Uganda and the world at large is likely to cause famine within the country. "While we continue to struggle with the virus, production in agriculture and industry must continue. Otherwise, we shall end up with
Read More