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Government loans worth Shs13 trillion remain unutilised 

Government loans worth Shs13 trillion remain unutilised 

The stock of unused external debt rose by $500m (Shs1.8 trillion) due to sluggishness in implementation of government projects, according to the Ministry of Finance Debt Statistical Bulletin. The Bulletin, which covers and analyses a wide range of public debt developments, indicates that

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ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles

ROT IN BANKS! DFCU Bank on spot for forcing client to repay 13year mortgage loan in 2years, refuses to hand over his property titles

A client has accused DFCU Bank of forcing him to pay their initial 13 year mortgage loan in only two and a half years but only to hold onto his property titles.

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Queen Sheebah taking a break: Is it a Risky Move for Ugandan artistes?

Queen Sheebah taking a break: Is it a Risky Move for Ugandan artistes?

September 25, 2024 | Ashraf Habib

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Stars linked to P Diddy – Justin Bieber, JLo, Jay-Z, Usher and Khloe Kardashian

Stars linked to P Diddy – Justin Bieber, JLo, Jay-Z, Usher and Khloe Kardashian

Hip-hop mogul P Diddy is known for his lavish White parties and massive birthday bashes and has rubbed shoulders with a lot of famous A-list stars over the years

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Busoga University lecturing despite licence revocation

Busoga University lecturing despite licence revocation

Iganga-based Busoga University is conducting lectures despite the revocation of its licence seven years ago, Daily Monitor has learnt. The University, which was founded in 1999, had its licence revoked in 2017 by the National Council for Higher Education (NCHE) for allegedly lacking qu

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Tooro tea farmers frustrated as prices remain low

Tooro tea farmers frustrated as prices remain low

Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr

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Government urged to put breaks on tax incentives to companies

Government urged to put breaks on tax incentives to companies

Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age

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Trump says he will not run again if he loses in November

Trump says he will not run again if he loses in November

Republican Donald Trump said that he will not make a fourth consecutive run for the U.S. presidency if he loses the November 5 election, saying "that will be it" in an interview released on Sunday. Asked if he saw himself running again in four years if he is not successful in his third c

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What next after Uganda fails to wake up and smell the coffee?

What next after Uganda fails to wake up and smell the coffee?

Ugandan coffee shipments are overflowing the European Union (EU) as traders scramble to get their hands on beans before the year-end implementation of new environmental regulations. Under the EU's Deforestation Regulation (EUDR), importers into the bloc will have to demonstrate that good

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Louisiana's wild horses may have roamed Kisatchie Forest for centuries, but is this the end?

Louisiana's wild horses may have roamed Kisatchie Forest for centuries, but is this the end?

In Vernon Parish, a herd of wild horses has roamed the Kisatchie National Forest for years.Some people speculate that the horses have been there for centuries. And as far as the horses were concerned, the 48,000-acre forest in which they roamed was their habitat. After all, the Vernon Paris

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