Business

Uganda Releases Shs 21.8 Trillion for Q2 FY 2026/27 as Economists Question 12% Central Bank Rate

By Wadulo Arnold Mark KAMPALA – Uganda’s Ministry of Finance has released Shs 21.82 trillion for the second quarter of FY 2026/27 to fund government...

Ethiopian forces approach Eritrea border town: militia, resident

Addis Ababa, Ethiopia Ethiopian federal forces and their allies are closing in on a town near Eritrea's border, a pro-government militia commander and a resident said...

Bank of Uganda raises interest rate to 12% as inflation and shilling pressures mount

Central bank cuts economic growth forecast and warns that inflation could reach 7.5% over the next 12 months KAMPALA, 14 October 2026 The Bank of Uganda...

Rwanda unveils plans for African Grand Prix as Formula 1 prepares to return to the continent

A 6km circuit featuring 17 corners, steep hills and a lakeside setting will be built in Bugesera under a 10-year agreement with Formula 1. Rwanda...

Africa needs 71,000 aviation professionals as Airbus forecasts demand for 1,640 aircraft

ADDIS ABABA, 13 October 2026 Africa will need an additional 20,000 pilots, 30,000 aircraft mechanics and 21,000 cabin crew as airlines prepare for a sharp...

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