Business

Ugandan traders have started feeling the pinch of the depreciation of shilling against the US dollar. The shilling hit a record low of 3,000 against the dollar last evening. The chairperson Kampala Traders Association Everest Kayondo says the trend is likely to push many traders out of business since they […]

Monitor Publications Board of Directors has appointed Anthony Craig Glencross the new Managing Director. Glencross was the successful candidate after a three-month executive search. The South African is currently pursuing a course towards an MBA degree at the University of Heriot-Watt (Edinburgh). He holds a diploma in strategic management from […]

The ministry of energy has embarked on a comprehensive pro-active plan to interconnect Uganda’s power grid with neighboring countries to ensure reliable supply. According to the state minister for Energy Simon Dujanga, the move was prompted by the increasing power demand. He says Uganda is now in process of connecting […]

A report by parliament’s committee on commissions statutory Authorities and state Enterprises has again pinned senior presidential advisor on military Gen. Salim Saleh (President Museveni’s brother) over influence peddling . This follows queries raised in the Auditor General’s report 2009- 2012 and a special investigation over the performance of a […]