Uganda Financial News

An online protest campaign exposing corruption has rattled government officials and others in Uganda, where street protests are practically outlawed

An international watchdog says it's removing the United Arab Emirates from its so-called gray list of countries that don’t take full measures to combat money laundering and terrorism financing

Godrej Consumer Products along with one of its wholly owned subsidiaries has entered into an agreement for divesting its entire stake in wholly owned subsidiary viz. Godrej East Africa Holdings Limited, Mauritius to HKG Africa Weave Ltd for $3.5 million. Upon the completion of the deal, Godrej East Africa Holdings along with its step down subsidiaries viz.

telecom department is facilitating a Shark Tank India-like funding mechanism for startups, particularly in next-gen technologies, as part of the country's efforts to create domestic technology majors. As per officials aware of the details, the DoT is acting as a mediator to introduce startups with the venture capitalists (VCs). «We want to provide exposure and funding opportunities to the MSMEs and startups to scale up. If the idea is good, the VCs will provide the requisite support,» an official privy to the details told ET.

A post shared by Instant Bollywood (@instantbollywood) Livemint could not independently verify the authenticity of the video clip. Despite Rinku's early success, the star cricketer reportedly informed that his father has refused to give up his job.

India-Nigeria ties to a «higher level,» External Affairs Minister S Jaishankar on Tuesday said India is «betting on Africa's rise» and the rebalancing and the multi-polarity of the world will not be complete until the continent takes its due place. Addressing the Nigeria-India Business Council (NIBC) here, the minister said the rebalancing and reordering of a new global order will only happen «when the core of it is economic… which is the rise of Africa has to be the economic rise of Africa.» The minister, who arrived in Nigeria on Sunday after attending the Non-Aligned Movement (NAM) Summit in Uganda, concluded his two-nation tour with an address to the NIBC.

S Jaishankar on Monday said Global South is about a «mindset, a solidarity and a self-reliance». Addressing the Nigerian Institute Of International Affairs (NIIA) here on India and the Global South, he said the global agenda today is on promoting rebalancing and multipolarity, thereby restoring the world to its natural diversity.

NAM Presidency Azerbaijan, has hailed India's role in creating and sustaining NAM and has lauded India's priorities for the Global South and G20.

S Jaishankar met with his Maldivian counterpart Moosa Zameer on the sidelines of NAM Summit and held a “frank conversation” on India-Maldives ties. Withdrawal of Indian military personnel from Maldives and India’s solution to address situation was among the key talking points.

The International Cricket Council's recent release unveiled a schedule comprising 55 matches to be played at various stadiums across the U.S., including Texas, New York, and Florida, from June 1-29.

Men's T20 World Cup, which is set to commence from June 1. While the opening match will be played between hosts USA and Canada, the ball will roll for the marquee clash between India and Pakistan on June 9 in Nassau County International Cricket Stadium in Long Island. Joint hosts West Indies will play Papua New Guinea in Guyana on the second day of group play. The tournament is divided into four groups of five teams each, with the top two teams from each group moving on to the Super Eight stage of the competition, which takes place before the knockout semifinals and final match. The group stage matches are scheduled between June 1 to June 18 and the Super 8 matches will be played from June 19 to June 24. The two semi finals will be played on June 26 and 27, while the final will be played in Barbados on June 29.

Tonto is a legendary traditional drink in Uganda

By Ruma Paul and Sudipto Ganguly

Benjamin Kiplagat has died. According to local media reports, the 34-year-old athlete, who represented Uganda at three Olympic Games and six World Championships, was found dead in Kenya. Confirming it, Kenyan police in the city of Eldoret said that they have begun a probe into the death of the runner. Kiplagat reached the semi-finals of the 3,000m steeplechase at the 2012 Olympics in London. He won 2008 world junior silver in Poland & 2012 Africa Senior bronze in Benin. Kiplagat had been training in the Eldoret area before going to Uganda to participate in athletics competitions.

More than 40 countries have made significant strides in advancing crypto-focused regulations and legislation this year, indicating a growing global trend towards wider cryptocurrency adoption.

A growing list of artists in Uganda is contributing to a feeling among curators of an exciting moment for art in the East African country

Uganda secured its place in a global cricket tournament for the first time Thursday after beating Rwanda in African qualifying for next year's T20 World Cup. The country of 50 million in East Africa got into the expanded 20-team competition, being co-hosted by the West Indies and the United States in June, at the expense of Zimbabwe — an established cricketing nation. Uganda defeated Zimbabwe by five wickets on Sunday for its first ever win over a Full Member team in a T20 international, and followed that up by dismissing Rwanda for 65 then reaching its target in 8.1 overs in Windhoek, Namibia. Namibia has also advanced through African qualifying to complete a lineup of teams that also contains Oman, Nepal, Papua New Guinea and Canada.

Forbes has released its latest “30 Under 30” list in Finance, featuring a significant number of leaders from the cryptocurrency and blockchain industries, highlighting their growing influence in the financial sector.

Charity initiatives reflect our humanness in a world too much focused on individualism and consumerism. However, trust in charitable organizations and nonprofits has declined drastically over the last few years. Many businesses and individual influencers use giving for branding and promotion, often ignoring to ensure their funds reach the destination accordingly.

Legendary boxer Manny Pacquiao’s philanthropic foundation is set to use the Shiba Inu ecosystem’s blockchain Shibarium for fundraising and operational activities.

A New York-based climate watchdog says the French oil company TotalEnergies is failing to protect the sanctity of hundreds of graves in a controversial project that aims to build a heated pipeline from oil fields in Uganda to a port in Tanzania