Uganda Shilling Weakens as Dollar Demand Rises; Treasury Yields Fall Amid Offshore Profit-Taking
The Uganda shilling weakened against the US dollar over the week as demand for hard currency from the energy, manufacturing, and telecom sectors outpaced inflows from remittances and commodity exports. A decline across the local bond yield curve also prompted some offshore investors to take profits, converting proceeds from bond
Patriarch Kirill Expresses Condolences to Iran as Regional War Intensifies
Patriarch Kirill of Moscow, head of the Russian Orthodox Church, has offered his profound condolences to the government and people of Iran following the assassination of Supreme Leader Ayatollah Ali Khamenei, according to the official website of the Moscow Patriarchate. In a message to Masoud Pezeshkian, President of the Islamic
U.S. Sanctions Rwanda’s Military Over Alleged Support for M23 Rebels
The United States has imposed sanctions on the Rwandan Defense Force (RDF) and four of its senior officers for providing direct operational support to the March 23 Movement (M23) and its affiliates in eastern Democratic Republic of the Congo (DRC). The move comes just days after President Donald Trump presided
20,000 Dairy Farmers to Benefit from Shs14.5 Billion Green Dairy Investment Project
At least 20,000 dairy farmers across Uganda are set to benefit from a Shs14.5 billion Green Dairy Investment Project aimed at strengthening the sector’s resilience to climate change and enhancing sustainability. Speaking during a workshop at Fairway Hotel, William Matovu, Country Director of Heifer International, said the three-year initiative will
Khamenei’s Wife Dies Days After Tehran Airstrikes
Mansoureh Khojasteh Bagherzadeh, the wife of Iran’s Supreme Leader Ali Khamenei, has died days after being critically injured in airstrikes that struck Tehran, Iranian state media reported. According to reports from Al Alam and Tasnim News Agency, the 79-year-old succumbed to her injuries on March 2, 2026, after spending several
Putin Mourns Khamenei, Hails His Role in Russia–Iran Strategic Ties
President Vladimir Putin has expressed deep condolences to Iranian President Masoud Pezeshkian following the assassination of Iran’s Supreme Leader, Ali Khamenei, and members of his family. In a message addressed to Tehran, Putin strongly condemned the killing, describing it as a brazen act that violated fundamental principles of morality and
Museveni Commits Shs 5 Billion to Content Creators’ SACCO
President Yoweri Kaguta Museveni has pledged a Shs 5 billion capital boost to a Savings and Credit Cooperative (SACCO) for content creators, formally recognising the sector as an emerging pillar in Uganda’s wealth creation ecosystem. Speaking at the Jazz with Jajja ranch edition held at his Kisozi farm in Gomba
Six Killed in Fiery Hoima–Kiboga Road Crash
AtleastSix people have been confirmed dead following a devastating head-on collision that occurred at approximately 5:00 a.m. today along the Hoima–Kiboga Road. According to SP Michael Kananura, the spokesperson for the Directorate of Traffic and Road Safety at the Uganda Police Force, the crash involved an Isuzu bus, registration number
Ayatollah Arafeh Joins Council to Temporarily Assume Supreme Leader’s Duties
Iran has appointed Ayatollah Arafeh to the country’s Governing Council in a legal capacity, granting him the authority to temporarily perform the duties of the Supreme Leader, the Islamic Republic News Agency (ISNA) reports. The appointment is intended to ensure continuity in Iran’s highest office, with Arafeh stepping in on
Russia Condemns US and Israeli Strikes on Iran, Rejects Trump’s Nuclear Claims
Russia’s Permanent Representative to the United Nations, Vasily Nebenzya, has sharply condemned what he described as “armed aggression” by the United States and Israel against Iran, dismissing President Donald Trump’s claim that the strikes were intended to prevent Tehran from developing nuclear weapons. Addressing the UN, Nebenzya called the attacks
