Kabale: Two Children Killed in Hit-and-Run Accident Tragic Incident in Kabale District, Uganda On Sunday evening, January 14th, 2024, a devastating hit-and-run accident occurred in Kabale District, Uganda. The incident took place around 6:00 PM in Kabalisa Cell, Katuna Town Council, involving a Toyota Premio with registration number UAZ 881P and two young pedestrians. The…
Mastermind behind a Massive Money Laundering Operation The Federal Police of Brazil arrested one person last week in connection with a massive money laundering racket suspected of having moved $2.6 billion in illegal proceeds through crypto assets, the Brazilian edition of CNN reported. The Arrest The person was arrested on January 7 at Guarulhos Airport…
The Current Market Situation A Closer Look at the Numbers There is no particular headline driving the move but at the same time, risk appetite looks to be sapped after a mildly positive open earlier. European indices are now down around 0.1% to 0.3% with bond yields sitting a little higher on the day. The…
The Aftermath of Bitcoin ETF Approval in the US A ‘Sell-the-News’ Situation Bitcoin (BTC) suffered further selling pressure after the long-awaited approval in the US of spot-bitcoin exchange-traded funds (ETFs) led to a ‘sell-the-news’ situation for the world’s largest cryptocurrency. Following a surprising high-single-digit dip on Friday, a day after the likes of BlackRock Inc…
A Cautionary Tale: The 25.6 Billion XRP Transfer What Happened? A transaction involving a whopping 25.6 billion XRP (valued at nearly $15 billion), nearly half of the total circulating supply of approximately 54.26 billion, raised alarm within the crypto sector in the late evening of January 14. The transfer was reported to have originated from…
The Bitcoin Market Analysis The Bitcoin market is experiencing a period of adjustment The Bitcoin market is experiencing a period of adjustment following the much-anticipated launch of US spot ETFs last week. After a surge to a two-year high near $49,000, the leading cryptocurrency has pulled back over the past four days, currently trading at…
Welcome to Uganda’s Old Railway Line Rehabilitation Adventure The Great Transformation in the Heart of Uganda In the heart of Uganda, a gigantic transformation is underway as the meticulous overhaul of the meter gauge railway on the Northern Corridor advances into its final stages. This carefully conceived venture, designed to slash transport costs and elevate…
Unlocking NRMs 2026 Victory: The Power of PDM Emyooga – Insights from Kagenyi Lukka President Yoweri Museveni, the leader of the National Resistance Movement (NRM) party recently re-ignited the push for the country’s economy to move up the ranks from low income to higher-middle status by 2026. To oil this strategy, the vision bearer of…
