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Business
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Jeff Bezos Replaces Elon Musk As the Richest Person on Earth Again
Jeff Bezos has reclaimed the title of the richest person on earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday.
The Amazon founder’s net worth was $200 billion, while Musk followed at $198 billion. Musk…
Innovation Sparks Growth in Uganda’s Insurance Industry
The insurance industry attributes the recent high growth rates in business to innovative trends, which have facilitated easier delivery of services to the public. The business value, measured by the Gross Underwritten Premiums (the money…
UMRA Resists Government’s Plan to Integrate into Ministry of Finance
The Uganda Microfinance Regulatory Authority (UMRA) is facing resistance from the government's proposal to integrate it into the Ministry of Finance.
UMRA's Executive Director, Edith Tusuubira, emphasized the importance of maintaining…
Speaker Among Promises to Resolve Tea Sector Concerns
Speaker of Parliament, Anita Among, has assured the distressed tea sector, reeling from price drops and costly inputs, that Parliament will address their concerns comprehensively.
In a meeting with leaders from the Tea Farmers of…
Insurance Claims Surge in 2023, IRA CEO Urges Strategic Growth Plans”
Insurance companies disbursed a total of shs727.5 billion in claims during the fiscal year ending in December 2023, as disclosed by the Insurance Regulatory Authority (IRA).
A claim denotes a formal appeal to one's insurance provider for…
Fisheries Minister Addresses Stakeholders Amid Unlawful Directives
State Minister for Fisheries, Hellen Adoa, convened a meeting with a consortium of fisheries stakeholders represented by the Federation of Fisheries Organizations Uganda (FFOU) to tackle challenges within the fisheries sector.
The…
Katikkiro Mayiga Urges Youth to Prioritize Coffee Farming Over Quick Money Schemes
The Katikkiro of Buganda, Charles Peter Mayiga, has advised the youths against selling land and resorting to buying boda bodas for quick money.
He shared this counsel while touring Buwekula County to evaluate the progress of the "Emwanyi…
President Lauds Poverty Alleviation Efforts in Gomba and Sembabule Districts
President Museveni has expressed satisfaction with the strides made by leaders in Gomba and Sembabule Districts in the fight against poverty and the enhancement of household incomes.
During his visit to Kisozi, the president indicated…
Empowering African Youth Under The Trade Queen Africa Initiative
By Hanna Claire Natukunda
In today's globalized world, it is crucial for African nations to embrace diversification in trade by moving beyond a heavy reliance on primary products. Recognizing this need, the AfCFTA Young Entrepreneurs…
Government to Compensate West Nile Tobacco Farmers
The Government has pledged to compensate West Nile tobacco farmers with 9.7 billion Shillings after Continental Tobacco Company failed to pay them in full.
The farmers, organized under the West Nile Cooperative Union, sold tobacco worth…