Economy

Civil Aviation Authority (CAA) has assured Parliament that redesigns are being implemented on the drainage system of Entebbe International Airport to prevent future flooding incidents

Parliament has approved the reallocation of 750.47 billion shillings as directed by the President while reconsidering the Appropriation Bill 2024 for the financial year 2024/25, which totals 72.1 trillion shillings.

Top government officials, including Cabinet Secretaries and Members of Parliament, are set to receive a salary increase starting this month. According to a Gazette notice published by the Salaries and...

UBC representatives, including Managing Director Winston Agaba, recently appeared before Parliament's Committee of Statutory Authorities and State Enterprises (COSASE) to request the write-off of National Social Security Fund (NSSF) arrears....

In a scene reminiscent of historical revolutions, modern Kenya is experiencing significant political unrest under the government of President William Ruto. Many Kenyans are voicing their discontent and demanding Ruto's...

In Kenya, protests have erupted as citizens vehemently oppose proposed tax hikes in an economy already burdened by rising living costs. Civil society groups report that at least 283 individuals...

The Bank of Uganda (BOU) has announced the closure of Mercantile Credit Bank Limited (MCB), a Tier II financial institution, citing poor financial health. This is the second financial institution...

The evictions, targeting residents alleged to be occupying the wetlands illegally, have sparked public outcry and accusations of unfair treatment. Ssenyonyi condemned NEMA’s actions as discriminatory, noting the differential treatment...

Finance and Economic Planning Minister Matia Kasaija presented his eighth budget on Thursday, projecting a positive economic outlook and receiving commendation from President Museveni for his meticulous preparation. Despite criticism...

The economy is projected to grow between 6 percent and 6.5 percent in the near term, with expectations of surpassing 7 percent in subsequent years, according to the Bank of...