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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

Ultimate Uganda

Over 100 Ex-GOP Officials Endorse Harris—Here’s The Full List

Over 100 Ex-GOP Officials Endorse Harris—Here’s The Full List

ToplineMore than 100 former staffers and national security leaders from past Republican administrations endorsed Vice President Kamala Harris on Wednesday—adding to the growing list of Republicans speaking out against former President Donald Trump.

Ultimate Uganda

Is micro-cheating that bad?

Is micro-cheating that bad?

Cheating is often considered the ultimate betrayal in romantic relationships. However, beyond the physical affairs and obvious breaches of trust lies another form of unfaithfulness; micro-cheating. While it may not involve a complete affair, micro-cheating can still cause cracks in a rel

Ultimate Uganda

Reduction in milk production causes butter scarcity 

Reduction in milk production causes butter scarcity 

A reduction in milk volumes by about 3.5 million litres per day has impacted key dairy by-products, among them butter production, according to stakeholders in both the dairy and supermarket value chains. Several supermarkets and consumers across Kampala have reported a shortage in butter

Ultimate Uganda

Museveni wants law to regulate moneylenders

Museveni wants law to regulate moneylenders

President Museveni has vowed to crack down on exploitative money lenders, who he said take advantage of ignorant and desperate people . The President said his government would push for the enactment of a law to fight the vice. “Money lenders are becoming a problem. They go to our v

Ultimate Uganda

Digital transformation is a catalyst for business growth

Digital transformation is a catalyst for business growth

Last month, I had the pleasure of attending the MTN ICT Expo at Mestil Hotel in Kampala. This event was an incredible gathering of customers, experts, and thought leaders, all exploring how digital transformation is shaping various sectors like health, education, banking, ICT, and even the p

Ultimate Uganda

Busoga records 11 cases of breast cancer among men

Busoga records 11 cases of breast cancer among men

About eleven men have breast cancer in Busoga Sub-region, according to Rays of Hope Hospice Jinja (RHHJ), the only specialised palliative care provider in Busoga Sub-region and parts of Buganda. Palliative care provides holistic relief from symptoms and stress of serious life-limiting i

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Does Kiira Motors need two years to turnaround?

Does Kiira Motors need two years to turnaround?

Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option

Ultimate Uganda

Over 500 families face displacement due to rising Lake Albert water levels

Over 500 families face displacement due to rising Lake Albert water levels

More than 500 families residing along the shores of Lake Albert in Hoima District are on the verge of displacement due to rising water levels, mirroring the devastating floods of 2020 and 2021. Residents of Fofo, Kijangi, Mbegu, Rwentali, Kaiso, and Kiryamboga landing sites in Buseruka a

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UAE says residence of its ambassador in Khartoum attacked by Sudanese military

UAE says residence of its ambassador in Khartoum attacked by Sudanese military

The United Arab Emirates said early on Monday the residence of its ambassador in Khartoum was attacked by a Sudanese military aircraft, condemning it as a "heinous attack". The UAE's foreign ministry said in a statement that the attack on its ambassador's residence had c

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