Grace Akello, Kiryadongo – Twenty casual laborers working on a piped water extension project in Kiryadongo district are facing starvation after the contracted company failed to provide food. The project, funded by the World Bank through the Ministry of Water and Environment, aims to exten
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
The President argued that low electricity tariffs and low cost of transportation of goods and services are key components for propelling the Ugandan economy to the upper rungs of middle-income status. “If you want a modern economy, you must handle the four sectors as I have told you bu
If you had Shs100m in savings, where would you invest it? Would you consider safety first or simply dive into government bonds, or venture into stocks? Maybe your hard-earned savings could find a cosy home in real estate or leave it with the National Social Security Fund (NSSF) and forget ab
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.
The Ministry of Water and Environment is seeking Shs135 billion from the government to fund desilting and flood protection measures along River Nyamwamba in Kasese District. This river has repeatedly flooded in recent years, causing significant loss of life and property. This request
The sacking of Ms Dorothy Kisaka as executive director of the Kampala Capital City Authority (KCCA) was not a surprise to many Ugandans. Critics say it had only been a matter of time. Ms Kisaka assumed office on July 23, 2020 following an initial recommendation by President Museveni
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
President Museveni has fired Kampala Capital City Authority (KCCA) executive director Dorothy Kisaka, her deputy Eng David Luyimbazi and the director of Public Health Dr Daniel Okello over Kiteezi landfill collapse that left 35 people dead and several others missing. “In a decisive
