Category: Business

Coffee Scandal: How Nelson Tugume Tricked Museveni; Diverted Shs 21bn to Own Factory in Ntungamo

Coffee Scandal: How Nelson Tugume Tricked Museveni; Diverted Shs 21bn to Own Factory in Ntungamo

The funds taken by Tugume for his private coffee enterprise is almost higher than the 2023/2024 financial year budget (Shs 22bn) which the government allocated to cater for the allowances of medical interns and senior house officers across UgandaMuseveni in a group photo with

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Medical interns threaten to strike over unfulfilled pledges

Medical interns threaten to strike over unfulfilled pledges

Pre-medical interns from Kabale University in western Uganda took to the streets of Kabale town to join their colleagues in the nationwide demonstration against the government's delay to deploy them. PHOTO/Robert MuherezaMedical interns under their umbrella body, the Federation for Uganda

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BoU closes EFC Uganda Limited

BoU closes EFC Uganda Limited

Bank of Uganda (BoU) has placed EFC Uganda Limited, a microfinance deposit-taking institution, under liquidation, revoked its license, and ordered for the winding up of its affairs in the country.According to Michael Atingi-Ego, the deputy Bank of Uganda governor, the decision to close EFC

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Navigating January Finances: Overcoming financial challenges in Uganda

Navigating January Finances: Overcoming financial challenges in Uganda

The month of January often presents financial challenges for many individuals and families around the world, and Uganda is no exception. The aftermath of festive season spending combined with the anticipation of school fees, rent, and other obligations can le

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Navigating January Finances: Overcoming financial challenges in Uganda

Navigating January Finances: Overcoming financial challenges in Uganda

In the ever-evolving political landscape of Uganda, the question looms large: Are protests still viable tools for the opposition to effect change in leadership? As the nation grapples with political discontent and a desire for reform, examining the efficacy o

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WHO Reports Global Decline in Tobacco Use

WHO Reports Global Decline in Tobacco Use

The World Health Organization (WHO) revealed a consistent reduction in the number of adult tobacco users worldwide, signaling a positive trend. However, the WHO cautioned against complacency, highlighting the tobacco industry’s persistent efforts to reverse this decline.As of 2022, appro

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Surviving Kampala on a UGX 500,000 Salary – A Practical Guide

Surviving Kampala on a UGX 500,000 Salary – A Practical Guide

Simon Mburu, a 24-year-old who has recently secured employment in Rubaga, Kampala, with a monthly net salary of UGX 500,000, seeks guidance on budgeting and achieving financial independence. Facing the challenges of living in an expensive city on a modest income, Simon aims to not only cover his

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Coffee Prices Soar in Ibanda District

Coffee Prices Soar in Ibanda District

Farmers in Ibanda are experiencing a boon in their earnings as coffee prices reach unprecedented highs over the past few months. Robusta coffee, in particular, is currently trading at a record high of sh9,200 per kilogram in Ibanda town, with beans fetching sh8,900 a kilo in Kashangura, Kagongo d

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Burundi Border Closure Disrupts Trade Disrupts Uganda’s Exports

Burundi Border Closure Disrupts Trade Disrupts Uganda’s Exports

Uganda, a landlocked country, faces challenges in transiting its goods, particularly by road, to neighboring countries and the wider region, owing to conflicts, non-tariff barriers, and political tensions. The recent closure of the Burundi-Rwanda border has added to these challenges, adversely af

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Government Relocates National Livestock Institute to Apac

Government Relocates National Livestock Institute to Apac

The National Livestock Resources Research Institute (NaLIRRI), a government-owned farm under the National Agricultural Research Organisation (NARO) within the Ministry of Agriculture, Animal Industry, and Fisheries, has undergone a significant relocation. The institute’s headquarters, previousl

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