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…
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…
Equity Bank has pledged its support for Ugandan professional golfer Marvin Kibirige, handing him a dummy cheque worth $2,000 on Saturday at the Uganda Golf Club, to aid his participation in the 2026 Q-School Golf Tournament in India. The sponsorship will enable Kibirige to compete in the prestigious qualifying event, a crucial pathway for golfers…
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…
The government has released UGX16.537 trillion to finance expenditure for the third quarter of the 2025/2026 financial year. The money will cover expenditures of ministries, agencies and other Government entities for January, February and March 2026. The economy continues to show resilience and strong growth, even during an election year, with export earnings, foreign investment,…