Search Results

Economy still faces several risks, says BoU

Economy still faces several risks, says BoU

Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher inflation in Uganda. Inflation has decelerated but Bank of Uganda noted in its Monetary Policy Report that the above and ot

Ultimate Uganda

Poor living longer, rich dying younger

Poor living longer, rich dying younger

In a tale of two lifestyles and mixed fortunes, some richer Ugandans are dying earlier while their poorer counterparts are living longer. Our analysis of two separate reports from Uganda Bureau of Statistics (Ubos) and another from the World Bank show that people in regions with high pov

Ultimate Uganda

At 62: Singapore innovates, Uganda struggles with waste

At 62: Singapore innovates, Uganda struggles with waste

The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,

Ultimate Uganda

Govt pushes for mindset change among PDM beneficiaries

Govt pushes for mindset change among PDM beneficiaries

Government has tasked Enterprise Uganda to drive mindset change among Parish Development Model (PDM) beneficiaries to maximise benefits in the programme that has been ongoing for about three years. Speaking on the sidelines of a week-long training for PDM beneficiaries in the Teso sub-re

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda