Market News

Women Outnumber Men in Recent Population Census as UBOS Releases Final Results The Latest Census Results The Executive Director of the Uganda Bureau of Statistics (UBOS), Dr. Chris Mukiza, has revealed the results of Uganda’s most recent census, conducted four months ago. According to the report, the country’s population now stands at 45,905,417, with women…

MP Ssewungu Demands Answers on National ID Requirement for Marriage Ceremonies The Controversy Unfolds In a plea to the government, Joseph Ssewungu, the Kalungu West Member of Parliament on Wednesday raised concerns over a new directive requiring couples to present national Identity Cards Ds before conducting marriage ceremonies. Ssewungu has challenged the rationale behind this…

Fueling the Fun: How Oil and Gas Stock Deals are Energizing Merger Arbitrage Utilizing all-stock transactions in energy sector mergers is not a novel phenomenon, but rather a cyclical strategy that has ebbed and flowed with market conditions and industry dynamics. The trend toward all-stock mergers in the energy sector represents a strategic pivot from…

Japan’s Prime Minister Proposes Happiness Index Shigeru Ishiba’s Groundbreaking Policy Speech Japan’s Prime Minister Shigeru Ishiba will propose a new happiness index during his first parliamentary policy speech on Friday, local media have reported. The index, formulated by the public and private sectors, is expected to be proposed alongside Ishiba’s plans for the economy and…

Watchdog Uganda: Court Orders Teacher to Pay Shs 15 Million in Compensation for Assaulting Student Teacher Ordered to Compensate Former Student for Assault In a recent court ruling, Samuel Opio, a teacher from Amuria High School, has been ordered to pay Shs 15 million in compensation to his former student, Abraham Obadia. This decision comes…

Welcome to the Blog Post! Praising the Sanctions Ugandan opposition leader, Bobi Wine, recently expressed his appreciation towards the United States for imposing sanctions on four senior Ugandan police officers accused of human rights violations. These officers, Bob Kagarura, Elly Womanya, Alex Mwine, and Hamdan Twesigye, have been allegedly involved in the torture and mistreatment…

Embattled Tropical Bank Uganda Limited and its client IT Office [U] Limited in Hot Water Confusion, panic, and shame rock the local banking sector It seems like a scene straight out of a suspense thriller – Tropical Bank Uganda Limited and its client IT Office [U] Limited are currently embroiled in a financial scandal that…

Marc Rowan Questions Need for Further Interest Rate Cuts by the Federal Reserve Is the Economy Strong Enough? Recently, Marc Rowan, CEO of Apollo Global Management Inc., expressed skepticism over the necessity of further interest rate cuts by the Federal Reserve. He pointed to the ongoing activity in financing and rising real estate prices as…