The summit comes at a time when the West is arguably in decline. The US is threatening trade wars with China and even allies like the EU. This threat to global trade will be top of the agenda at the BRICS summit
Tullow said it hopes the Uganda government will approve the farm-down of its assets by the end of this year, paving way for a final investment decision and the issuance of engineering, procurement and construction tenders for local oil fields
Indian Prime Minister Narendra Modi is today afternoon expected in the country on a two-day state visit during which he will formalise a $205m (Shs1 trillion) credit line from India to Uganda
The junior energy minister says last month’s financial closure for debt refinancing of the Bujagali hydropower dam resulted in the reduction of end-user tariffs by 1.69 US cents (Shs62.89), from 9.61 US cents per kilowatt-hour to 7.91 US cents per kWh
The intervention in Crane Bank, was the most difficult of these interventions and the one which was potentially the most problematic, because it was a large bank of systemic importance, and because of the huge magnitude of the losses it had incurred
One of the things to watch out for at the annual bankers conference is what bankers say about the new levies on mobile money transactions, especially, which have become a central feature in their digital offerings, and excise duty increases
Annual rains have hit Kenya especially hard this year, causing havoc in the capital. But there is a silver lining amid the gloom: weather-related infrastructure challenges have pushed bureaucrats to tackle old issues like corruption and mismanagement with a renewed sense of urgency
Power prices for the third quarter of this year have gone up slightly due to the shilling’s weakness against the US dollar, a tariff schedule released by the Electricity Regulatory Authority shows
Bank of Uganda’s record low policy rates could finally be having their desired effect on commercial bank loan advances, if the latest data is anything to go by
The Khartoum Declaration which was signed in June was a promising start but those who know South Sudan well, will know that its unlikely to last