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50% of agribusiness loan requests rejected - BoU

50% of agribusiness loan requests rejected - BoU

Close to half of agricultural loan applications are rejected, data in the Bank of Uganda 2024 Annual Report shows. The report, which reviews different funds managed by the Central Bank, including the Petroleum Fund and the Small Business Recovery Fund, among others, indicates that in the

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Govt pushes for mercury free options for artisanal miners

Govt pushes for mercury free options for artisanal miners

The State minister for Mineral Development, Ms Phiona Nymutoro, has directed that all artisanal and small-scale gold mining (ASGM) activities in Uganda be upgraded to new technologies that are mercury-free to ensure the protection of both human health and the environment.  Speaking duri

Ultimate Uganda

Brazil to ban sports betting if 'addiction' not regulated

Brazil to ban sports betting if 'addiction' not regulated

Brazil President Luiz Inacio Lula da Silva, whose government is trying to stop a sports bets craze consuming household incomes, said on Sunday he will ban online betting if regulation does not cure "addiction" by bettors. Soccer-mad and bet-loving Brazilians have fallen hard for sports b

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Our returns are in their own orbit, says NSS boss

Our returns are in their own orbit, says NSS boss

As I get my 20 minutes in, the door swings open, and in walks Patrick Ayota with a fascinating blend of fluster and composure, wrapped in a chic black suit that somehow manages to look both formal and effortlessly cool. It’s a Sunday morning. Time check: 10.20 am. He pauses, scanning the r

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Tunisia elections: President Saied towards landslide win

Tunisia elections: President Saied towards landslide win

Supporters of current Tunisian President Kais Saied began celebrations in the capital on Sunday night after an exit poll broadcast on state television showed him winning, beating two rivals, one of whom is now in prison Saied on Sunday faced two election rivals: his former ally turned cr

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The rise of washing bays as social daytime hangouts

The rise of washing bays as social daytime hangouts

When you wake up at 2pm, on the eighth day of your annual leave, having finished all the errands for the day and you are bored, witless of your indoor surroundings, what do you do? You will probably end up at a car wash. Because we all know that the car wash is the best daytime hango

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How East Africans are lured into Myanmar bondage

How East Africans are lured into Myanmar bondage

This past week, panic has gripped East Africans in the Middle East as Lebanon came under a hail of fire from Israel and tensions between Tel Aviv and Iran reached a crescendo. The Kenyan government has been struggling to get its nationals to register for evacuation, as someÂ

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Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

Tropical bank, IT Office Ltd bosses in panic as Sudhir demands payment for Shs 21 billion loan

There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited took a loan of Shs 6.840 billion from Prim

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Some EFC, Mercantile depositors yet to pick their money, says DPF 

Some EFC, Mercantile depositors yet to pick their money, says DPF 

The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arrangements to enable the Fund to pay their protected deposit up to the limit of Shs10m.   Speaking during the Makere

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Convenience and Safety Through Cashless Payments Uganda’s digital economy transition is accelerated by MTN MoMo’s innovative approach. By collaborating with platforms like School Pay, MTN MoMo has created a seamless payments marketplace where parents can pay school fees from ho

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