The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv
The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which
At least 30 decomposing bodies were found in a boat drifting around 70 km (38 nautical miles) off the coast of Senegal's capital Dakar, the military said on Monday. The navy was informed of the boat's presence on Sunday evening and a patrol boat was immediately deployed to the area, the
Movement on the Kampala-Gulu highway was on Monday paralysed following the total closure of Karuma Bridge that links northern Uganda, South Sudan and DR Congo. The government closed the defective 61-year-old bridge to pave the way for its reconstruction, which is expected to take three m
Resty Namata began her career at Kiteezi Landfill as a sorter earning about Shs7,000, and eventually advanced to a picker, earning at least Shs10,000 daily. But more than half of the workers are women, who turn to this refuge to cope with socio-economic challenges."We are 600 women out of ab
The Neuro-Optometric Rehabilitation Association, International, a leading organization in neurorehabilitation, has appointed Barbara Barclay, a prominent figure in the health tech industry and expert in eye-tracking, as its new executive director, starting October 1.A Leader in Health Technology
"HP Victus 16 RTX 4070 Gaming Laptop Now Under $1,000 - Save $400 on High-End Components "I recently had the opportunity to test out the HP Victus 16 with the RTX 4050 version, but now the RTX 4070 model has taken a significant price drop, making it an even more attractive option for gamers on a bud
Officials at the Kampala-based Natural Chemotherapeutics Research Institute (NCRI) have said they are seeing more qualified medical professionals enrolling for the course on traditional medicine as integration of modern and traditional medicine takes shape. âOur students are peop
Joviah and Samantha have been my friends for donkey years. Both love pets. But when I visited them last Sunday, they had complaints. Joviah owns a pet dog, Cooper. Her daughter, Samantha, owns a pet cat, Luna. Both animals are always fighting each other. Samantha explains first: “Her dog e
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
