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To cap or not to cap interest rates

To cap or not to cap interest rates

The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe

Ultimate Uganda

Seven die after taxi rams into stationary cane truck in Jinja

Seven die after taxi rams into stationary cane truck in Jinja

At least seven people have been confirmed dead in a road crash that occurred along Jinja-Iganga highway in the wee hours of Thursday morning.  The fatal accident occurred in the Kakira sugarcane plantation when a commuter taxi hit a stationary truck loaded with sugarcane. According

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‘We’re aware the boda market is built on trust’

‘We’re aware the boda market is built on trust’

Imagine you’re running an asset financing business in Europe and think, “Why not give East Africa a shot?” So you do the research, find the market, and discover real potential.  That’s how Mogo Uganda, an asset-financing tech company, landed in Kampala.  The

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Vuni, Kaluusimann and the tales of adventure bikers

Vuni, Kaluusimann and the tales of adventure bikers

Yes, you have seen the big, monstrous BMW 1200cc and 1250cc bikes at a place near you. Talk about adventure bikes and the first person many people will remind you of is Jacob Oulanyah, the late speaker of Parliament, who, in his short time on two wheels, used his face value to promote the bi

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Two lab assistants, security guard arrested with human organs  

Two lab assistants, security guard arrested with human organs  

Police in Masaka City are holding two laboratory assistants and a private security guard who were allegedly found in possession of   human organs.The suspects are attached to Lancet laboratories branch in Masaka City. The private security guard was reportedly offering courier services

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Turkey: Farmer’s tale from hobby to thriving business

Turkey: Farmer’s tale from hobby to thriving business

Dr Gerald Akankwasa, a general physician at Mulago Hospital, started his backyard flock in Jokolera, Kasangati Town Council, Wakiso District, with just three turkeys in early 2023. Barely two years later, he now has more than 170 birds of different ages. And with his determination and in

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Child killed as man attacks father-in-law's home in Kabarole

Child killed as man attacks father-in-law's home in Kabarole

Police in Kabarole District are investigating a brutal murder of a child in the early hours of October 29, 2024, in Kakworo Village, Hakibale Sub-County, where a 28-year-old man is accused of attacking the home of his 49-year-old father-in-law identified as Samuel Muhiigi. The suspect,

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VIDEO: New details of how govt slept on job ahead of Kiteezi dumpsite collapse

VIDEO: New details of how govt slept on job ahead of Kiteezi dumpsite collapse

On October 4, the Electricity Regulatory Authority (ERA) published in this newspaper a “notice of intended application for licence” for the development of the proposed 20 Megawatts waste-to-energy power plant in Ddundu Village in Kyampisi Sub-county, Mukono District. The notice, a pr

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What to do when a fuel tanker explodes

What to do when a fuel tanker explodes

The high death toll from the fuel tanker fire at Kigogwa Trading Centre has raised concern about the lack of awareness among Ugandans regarding safety protocols in accidents involving vehicles carrying flammable substances.  Fire experts emphasise the importance of immediate evacuation

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Why poor people need insurance more than the rich   

Why poor people need insurance more than the rich   

When you talk about insurance, what runs through the minds of many Ugandans, is an imaginary image of a wealthy person, cushioning his property or the health of his family members.However, a section of experts in insurance industry have argued that the poor need insurance services more than

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