3,000 billionaires control $18.3tn of the world’s wealth – Oxfam

Oxfam International has warned that the rapid concentration of wealth among the world’s billionaires is undermining democracy and deepening global inequality, as the number of billionaires surpasses 3,000 for the first time in history. In a statement released on January 19 alongside its latest Wealth Tracker campaign, Oxfam said more than 3,000 billionaires now control…

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Uganda’s oil will start flowing this year

Rwakitura — President Yoweri Kaguta Museveni has confirmed that Uganda’s oil production is expected to commence later this year, emphasising that the revenues should be invested in long-term national assets rather than distributed directly to local governments. Speaking while receiving his re-election results at his country home in Rwakitura, Museveni highlighted the importance of using…

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Economy resilient ahead of 2026 elections – Dr Ggoobi

Uganda’s economy has continued to demonstrate strong resilience despite global uncertainties, with solid growth, stable prices, and robust investment inflows, the Ministry of Finance has reported in its Pre-Election Economic and Fiscal Update. The update, published in line with the Public Finance Management Act (PFMA Cap. 171, Section 18) ahead of the January 2026 general…

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