Oil prices surge above $100 as Hormuz closure rattles global markets
Global oil prices have surged past the $100 per barrel mark following escalating tensions between the United States, Israel and Iran, with the closure of the strategic Strait of Hormuz triggering widespread disruptions in energy markets and global trade. As of March 9, Brent crude was trading at about $106
CCBU launches new 10L Rwenzori water pack to expand access to affordable, trusted hydration
Coca-Cola Beverages Uganda (CCBU) has officially launched a new 10-litre bulk pack under its Rwenzori Pure Natural Mineral Water portfolio further expanding access to affordable, safe and trusted hydration for Ugandans. The new 10L pack provides a convenient middle ground between smaller take-home packs and the larger 20L bottles, offering consumers
Qatar Warns Middle East War Could Trigger Global Energy Shock
Qatar’s energy minister, Saad Sherida Al-Kaabi, has warned that the escalating conflict in the Middle East could unleash a severe global economic shock, potentially pushing oil prices to as high as $150 per barrel if energy exports from the Gulf are disrupted. According to remarks reported by the Financial Times,
Uganda–Netherlands Trade Ties Open New Opportunities for Investment and Agribusness
Uganda’s growing trade relationship with the Netherlands is creating fresh opportunities for investment, agribusiness development, and cross-border commerce. Against this backdrop, dfcu Bank recently hosted members of the Netherlands–Uganda Trade and Investment Platform, alongside representatives from the Embassy of the Kingdom of the Netherlands in Uganda and Rabobank, at its
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
