Court Remands Ssentumbwe Over $150,000 Gold Export Scam
The Makindye Magistrate’s Court has remanded Ssentumbwe James on charges of illegal trading in minerals without a licence. Ssentumbwe faces multiple charges, including obtaining money by false pretence amounting to Shs 554.5 million (USD 150,000), conspiracy to defraud, forgery, and illegal trading in minerals without a licence. He has been
Putin Considers Cutting Europe Off: Russia Eyes New Gas Markets
Russian President Vladimir Putin has ordered a study on the sudden halt of natural gas supplies to Europe, signaling a potential shake-up in global energy markets. The move could see Russia pivoting to emerging markets, where demand for energy is on the rise. In an interview with journalist Pavel Zarubin
Oil Shock and Middle East Escalation Send Global Markets into Tailspin
Global markets sank deeper into turmoil as a surge in oil prices and intensifying conflict in the Middle East rattled investor confidence, unleashing broad sell-offs from Asia to Wall Street. In South Korea, the benchmark KOSPI posted one of its sharpest three-day declines in years, tumbling between 14 and 16
dfcu Drives Uganda’s Agribusiness Revolution at Harvest Money Expo
dfcu Bank is accelerating Uganda’s shift from subsistence farming to commercial agribusiness, showcasing structured financing solutions and technical support at the Harvest Money Expo 2026. Held at the Kololo Ceremonial Grounds under the theme “Farming as Business,” the Expo brought together thousands of farmers, agripreneurs, policymakers and private sector players,
Oil Production Halted at Iraq’s Rumaila Field Amid Rising Regional Tensions
Oil production has been suspended at the Rumaila oil field, one of the world’s largest oil fields — according to local sources cited by Shafaq News on Tuesday. Sources said operations at the vast southern Iraqi field were completely halted following disruptions to export activity linked to ongoing military developments
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
Pride Microfinance Held Liable in Shs 15m Agricultural Loan Dispute
When torrential rains devastated Joseryn Kyosimire’s banana plantation in Rushenyi, Ntungamo District, in 2019, the destruction was swift and unforgiving. Months of labour were wiped out in hours. But Kyosimire believed she had a safety net. She had secured a Shs 15 million agricultural loan from Pride Microfinance, and 1.75 percent
Uganda Launches ABQ Cloud in Bold Push for Digital Sovereignty
Uganda has marked a defining milestone in its digital transformation journey with the official launch of ABQ Cloud, a sovereign cloud ecosystem designed to secure national data, empower local innovators and strengthen the country’s digital economy. The unveiling took place at the Deep Tech Hub inside the Raxio Data Centre
MTN Takes Digital Skills to the Streets, Targets 2,000 Ugandans
In a renewed push to bridge Uganda’s digital divide, MTN Uganda is taking its mobile classroom back on the road, with plans to equip 2,000 Ugandans with practical digital skills in the 2025/26 programme cycle. Through its philanthropic arm, the MTN Foundation, in partnership with Maendeleo Foundation, the telecom giant
AFD–UDB Partnership Unlocks €40 Million for Uganda’s Economic Growth
Uganda’s development ambitions have received a significant strategic boost following the signing of a €40 million financing agreement between the Agence Française de Développement (AFD) and the Uganda Development Bank (UDB). More than a funding arrangement, the partnership signals deepening confidence in UDB’s expanding role as a catalyst for inclusive
