At the boarder of Uganda and South Sudan stands a market serving over 500 traders in Amuru district. Today, a fire that is suspected to have started at 1 am engulfed the market to complete destruction. The eye witnesses testify that the fire spread so fast they couldn’t save anything. Elegu market is made of
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The Bank of Uganda has lost the 5 year long battle against Crane Bank Uganda in the supreme court on Friday. The Central Bank lost the case in the high court and court of appeal respectively. Following an audit report that presented Crane Bank as with insufficient capital levels, shrinking liquidity ratios, surging loan default
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The government of Uganda together with the Joint venture partners announce the final investment decision(FID) on Tilenge, Kingfisher and the East African Crude oil pipelines(EACOP) The History of Ugandan petroleum can go as far as 1925, when a government geologist E.J Wayland documented in a publication, ‘Petroleum in Uganda’. We can however be sure the
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Rwanda has agreed to re-open the Gatuna boarder post from January 31st. The Gatuna boarder post is a major trade route for both Uganda and Rwanda yet has been closed since February 2019, a decision Rwanda made claiming Ugandans were hostile. A statement following the visit to Rwanda by Lt. Gen. Kainerugaba Muhoozi, Commander land
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The Speaker of parliament Rebecca Alitwala Kadaga said that she received concern from the Salon and Spa operators. They want Government to allow them to re-open with guidelines on how to operate in a safe manner. They also want to be guided on how they can acquire the stimulus package In their petition to the
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Kenya Railways said it will provide discount rates for cargo clients who use the Mombasa-Naivasha Standard Gauge Railway (SGR) freight service. Kenya Railways said in a notice published in the local dailies on Sunday that the stimuli tariff will be valid until August 30. According to the notice, the cost of transporting a fully loaded
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