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Economy

Pictures show detained Zim finance minister’s bullet-riddled home:Read more>>>

Pictures of Zimbabwe Finance Minister Dr Ignatius Chombo’s bullet-riddled house have emerged‚ showing that his arrest was no simple affair. It is understood Chombo was taken captive from his Borrowdale home around 1am on Wednesday after the Zimbabwean army’s televised announcement that it was taking control of the country. “What we know is that there was an exchange of fire ...

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UCU Students Scoop Awards At East Africa Film Festival:Read more>>>

Uganda Christian University mass communication students have won awards at the East African Student Film festival (EASFF) that took at Daystar University in Nairobi. John Cliff Wamala and Arite Yasmine won the Best Director Non- Fiction Film and Best feature film respectively. Their production depicted the life of Batwa people of south western Uganda, iron smith work in Katwe, a ...

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The Economy Is Healthy – Museveni:Read more>>>

President Yoweri Museveni has again spoken generally of what he said was a promising economy despite the negative outlook presented by some government officials, analysts and others. “I am very optimistic about the economy because for the first time, we have got the base which we did not have before, and that is peace,” Museveni said. The president who addressed ...

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Hatred is never justified-Kagame:Read more>>

President Paul Kagame has been awarded with the Dr. Miriam and Sheldon G. Adelson award for Outstanding Friendship with the Jewish People from the World Values Network.  The award was presented early today morning at the World Values Network annual gala in New York. The award recognizes Kagame’s role in the fight against genocide as well as in contributing to ...

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Uganda, Tanzania Sign Oil Pipeline Agreement:Read more>>

President Yoweri Museveni and his Tanzanian counterpart, President John Pombe Magufuli have today signed an East African Crude Oil Pipe Line Agreement (EACOP) as an expression of intent to go ahead with the construction of the 1,400kms oil pipe line from Hoima district in Western Uganda to the Tanzanian Port of Tanga. The initialing of the agreement followed bilateral talks ...

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EU Envoy Urges Gov’t To Be More Tolerant Of Dissenting Voices:read more>>>

The European Union head of delegation Kristian Schmidt used the occasion marking 60 years of the regional bloc to make one of his most critical speeches about democracy and governance in Uganda. Schmidt whose term expires this year spoke with candor at his residence in the presence of president Yoweri Museveni. Citing the European Union as a role-model of democracy, ...

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Government plans to spend Rwf2 trillion in FY2017/18:Read more>>>

The Government plans to spend Rwf2,094 billion in the Financial Year 2017/18, which is Rwf140.7 billion higher than the Rwf1,954.2 in the 2016/17 Revised Budget. The Minister for Finance and Economic Planning, Amb. Claver Gatete, made the disclosure during the presentation of next financial year’s Budget Framework Paper (BFP) before both chambers of Parliament yesterday. The resource allocation is in ...

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Rwanda, Ethiopia sign 11 bilateral agreements:Read more>>>

President Paul Kagame and Ethiopian Prime Minister Hailemariam Desalegn yesterday afternoon witnessed the signing of 11 bilateral agreements across multiple sectors as the two countries move to strengthen ties. Desalegn is on a three day official visit to Rwanda accompanied by First Lady Roman Tesfaye and high level officials of his government. The agreements inked between the two countries are ...

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British PM calls snap general election for June 8:Read more>>

British Prime Minister Theresa May called for an early general election to be held on June 8, in a surprise announcement on Tuesday as Britain prepares for delicate negotiations on leaving the European Union. May said she will go to parliament on Wednesday to seek approval for the early election. “We need a general election and we need one now. ...

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