Economic Democracy, Debt Relief, Consumer Protection, History, Political Economy, Competition, Innovation & Law
Kampala, Uganda
Joined September 2011
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- Following855
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Oloya retweeted
North Korean hackers stole $6.3 billion from Binance across 10 blockchain networks in just 20 minutes, according to TRM Labs, a blockchain intelligence firm.
They say some funds have been frozen, but the hackers still control billions and are racing to convert and move the money.
Oloya retweeted
Venezuela to offer state assets to private sector, President Rodriguez says reut.rs/4swtOGd
Oloya retweeted
FCC votes to ban all Chinese labs from testing US electronics reut.rs/3WbaP8o
Oloya retweeted
El Salvador has now sent more than 2,000 troops to Haiti — its largest foreign deployment in decades — as it rushes to locate and rescue four soldiers who are believed to be hostages of powerful gangs. bloomberg.com/news/articles/…
Oloya retweeted
Opposition lawmakers in Albania lit flares inside the parliamentary chamber on Thursday after weeks of protests demanding the resignation of Prime Minister Edi Rama. Some members tried to snatch the flares emitting the blue and red smoke that filled the room as members held a vote.
Oloya retweeted
Justice Singiza asked to resign over alleged Muhoozi endorsement
The Uganda Law Society (ULS) has demanded the immediate resignation of Dr Douglas Singiza as chairperson of the Judicial Service Commission, citing concerns over his alleged endorsement of Chief of Defence Forces Gen Muhoozi Kainerugaba’s presidential ambitions.
observer.ug/news/justice-sin…
Oloya retweeted
‘I was eager to come and see what socialist society was like’ — Ghana’s President John Mahama to RT
A scholarship took him to Moscow for a two-year master’s in social psychology as the USSR was changing
He made friends and learned Russian — some of it comes back when he visits
African delegation experiences ‘cultural shock’, asking ‘Is this Moscow?’ — Ghana’s President John Mahama
He tells RT some first-time visitors in his delegation seemed to expect bombs and an economy in ruins — instead finding that ‘Muscovites are living their lives’
The president also hopes the Russia–Ukraine conflict ends ‘as quickly as possible’
Oloya retweeted
Highlights from the United States Bureau of Economic, Energy, and Business Affairs 2026 Investment Climate Statements: Uganda
-Security forces arrest opposition supporters and hold them in detention long past the constitutionally mandated limit. Reports of torture allegedly perpetrated by elements within the official security forces persist. Security services routinely use excessive force to stop peaceful protests and demonstrations.
-An uncertain political environment increases risk to foreign businesses and investors. Uganda has never experienced a peaceful political transition. In the January 2026 elections, President Museveni won a seventh term with 72 percent of the vote amid reports of political violence and restrictions on democratic institutions. Speculation about the 2031 elections and the perceived absence of a succession plan adds to political uncertainty.
-Endemic corruption remains a serious problem and a major obstacle to investment. While anti-corruption laws extend to family members of officials and political parties, in practice, many well-connected individuals enjoy de facto immunity for corrupt acts and are rarely prosecuted in court.
state.gov/reports/2026-inves…
Oloya retweeted
French President Emmanuel Macron has said the major difficulty facing France is the rising cost of living, particularly energy prices, which he blamed on the US war on Iran.
🔴 LIVE updates: aje.news/99grok
Oloya retweeted
2026 Election vote count complete: Prime Minister Benjamin Netanyahu's bloc holds 53 seats in the 120-member Knesset, while opposition parties have 67.
Follow Haaretz's election updates here: haaretz.com/israel-news/elec…
Oloya retweeted
PRESS STATEMENT
PSU has learnt with deep concern of a medication error at Kabwangasi HC III, Butebo District, where carbamazepine was mistakenly administered instead of mebendazole during an outreach. One child has sadly passed on; over 20 remain admitted. We convey heartfelt condolences to the bereaved family and wish the admitted children a quick recovery. PSU's clinical pharmacy team is on standby to support. Full statement below. 💊🇺🇬 #PharmacyUganda #PSU
Oloya retweeted
“The tribunal was established to demystify these three common words that we hear all the time: ‘Insurance does not pay.’
You know, sometimes I pity the agents who try to sell insurance policies. Sometimes they come to my office, and you hear the same old words. Whenever you talk about risk, it is difficult to explain why, but almost everyone you meet will quickly tell you, ‘Insurance does not pay.’
I want to guarantee you that 98% of the people who say this have never taken out an insurance policy and failed to receive payment. They are not saying it because they have firsthand experience of making a claim and not being paid.
Because, as I told you, the figure is 0.8%. So, where does this perception come from? Why is everyone saying that insurance does not pay? When did they take out a policy, and why don’t we have them reflected in the statistics?
You see, it is because they have heard it from somewhere, and we wanted to demystify that perception.”
Oloya retweeted
Yusuf Kiwanda v Prof. Dr. George Wilson Kanyeihamba (Civil Suit No. 510 of 2021) [2026] UGCommC 526 (29 October 2026)
Court found Kanyeihamba infringed Kiwanda’s copyright and moral rights by publishing “Evolution of Constitutional Law, Public Law and Government” without attribution or authorisation, awarding damages and other remedies.
👉:ulii.org/en/akn/ug/judgment/… @JTumwesigye @MrBusinge @rwomchechen @PhillipKarugaba @newvisionwire @DailyMonitor @NBSBreakingNews @ntvuganda @UGIndependent @observerug @StKyamutetera @nickopiyo @Jbyam1 @IsaacSsemakadde @KakwenzaRukira
Oloya retweeted
Iran created a secret network of military agencies to import at least $2 billion in hardware, explosives and heavy-duty trucks since January 2025, evading both the US naval blockade and Western sanctions, a Reuters investigation found reut.rs/3UNGyfk
Oloya retweeted
Google stock plunges 13% in LARGEST LOSS in Alphabet's history after Q3 earnings miss
The crash wiped out over $400 BILLION in market value
Aggressive AI hardware spending and lower ad monetization on AI-generated search results triggered a $9.1B negative cash flow panic
Oloya retweeted
UPDATE: The National Drug Authority (@UNDAuthority) has arrested two suspects accused of illegally supplying medicines and medical devices, including post-exposure prophylaxis (PEP) drugs, and altering expiry dates on HIV, H. pylori and Hepatitis B test kits. NDA spokesperson @AbiazRwamwiri said the duo were arrested at Good Life Healthcare in Najjeera, Kira Municipality, Wakiso District, following intelligence indicating that they were supplying the facility with the products. The operation resulted in the seizure of medical products valued at Shs45 million.
#MonitorUpdates
📹: @BuseinSamilu