Uganda’s public debt has soared to Ugx 80 trillion ($21.3 billion) rising by more than 23% from Ugx 69.5 trillion ($18.5 billion) at the end of FY 2020/21. For the last 5 years, Uganda’s debt portfolio has grown by more…
Uganda Railway Corporation Locomotives (Photo Courtesy of URC) President Museveni has directed officials from Uganda railway Corporation (URC) to refund UGX 48 billion ($12.8 million) meant for procuring four railway locomotives. SecretsKnown has established in a letter dated 3rd October…
Uganda is choking on debt. (Photo Courtesy of Getty Images) Parliament of Uganda last week approved a loan of UGX 1.7 trillion ($455.3 million) that government will get from foreign lenders namely; Nippon Export and Investment Insurance (NEXI), a Japanese…
Photo Courtesy of Angelytix The time has come for African democracies to speak about the elephant in the room. The elephant is the role of business in politics and its influence on political decisions. There is a growing feeling informed…
The panel discussion during ACFIM’s 5th Symposium on Money in Politics in Africa themed-Private Sector and Political Finance in Africa in Kampala last week. The 5th Annual Symposium on Money in Politics in Africa ended with a clarion call on…
NRM Party headquarters (Photo Courtesy of Daily Monitor) Last Thursday, 27 October 2022, the National Resistance Movement (NRM) party headquarters in Kampala was stormed by the party’s flagbearers from five divisions in Kampala who lost during the 2021 general Elections.…
Photo Courtesy of CEPR The campaign process for Uganda’s 2021 general elections was highly monetized and commercialised making it stand out as the costliest election the country has had so far. Political parties and candidates that participated in the general…
Nigerian-flag (Photo Courtesy of Punch Newspapers) Nigeria is not only Africa’s most populous country but also the fastest-growing economy with the highest Gross National Product (GNP) on the continent. Nigeria’s formidable cultural influence on other African countries over the years…
The Vision Group head offices in Uganda SecretsKnown has learnt that government plans to centralise all its printing and publishing works in a move to save resources. The plan in the offing will see all government printing and publishing jobs…
A newly opened shop trading in digital currencies along Kampala road. A shop trading in digital currencies commonly known as cryptocurrencies has opened in Uganda’s capital, Kampala and it may not be long before it opens outlets in other cities…