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
Fred Ishungisa, a farmer in his 50s from Ntungamo village in Katenga parish, Kaharo sub-county, Kabale district, is mourning the loss of six cows and 12 sheep after they were struck by lightning. The incident occurred on Monday evening around 06:30 PM while Ishungisa was grazing the animals at Ki
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
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
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
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
Halfway through the recently launched whistleblower campaign, a nationwide drive aimed at encouraging workers to report employers defaulting on NSSF contributions, the Fund has unearthed over shs70 billion from reported cases. Figures released by the Fund on Monday indicate that as of Jan
For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in 2011 and held the title almost without interruption. But a transfer of power has begun. On Friday, Microsoft surpassed Apple, claimi
Aisha Tamba, the 18-year-old wife of Senegalese footballer, Sadio Mane has stated that his money and fame will not change her because she is not interested in it. The former Liverpool star married Aisha Tamba in an Islamic ceremony on January 7 in Keur Massar, a suburb in the capital city of Daka
DJ Cuppy Florence Otedola, also known as DJ Cuppy, a billionaire heiress, recently took to social media to vent her dissatisfaction and disappointment at continuously being misunderstood by Nigerians. DJ Cuppy stated that most Nigerians misinterpret her sense of humor and attitude. She also expres
