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Excessive govt local borrowing starves private sector of credit 

Excessive govt local borrowing starves private sector of credit 

A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an

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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

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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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Kiira Motors intends to be vehicle titan by 2030

Kiira Motors intends to be vehicle titan by 2030

“It was amazing seating close to the Kyabazinga, and, as the driver, it was a memorable experience I will cherish forever,” recounts Richard Madanda about his experience of driving the Kyabazinga, His Majesty William Wilberforce Gabula Nadiope IV, on the day he exchanged nuptials with Jo

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My spot has been empty but I'm back to dust it off, says Maro

My spot has been empty but I'm back to dust it off, says Maro

Ronald Magada, aka Maro, is a Ugandan singer commonly known as the RnB Kyabazinga. He has for a long time been regarded as Busoga’s biggest export but about four years ago, he relocated to Germany to settle with his family and also in search of greener pastures. Last weekend the singer

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Uganda inks Shs500b deal to construct major 97km road

Uganda inks Shs500b deal to construct major 97km road

Government and Citibank Uganda have signed a multibillion ten-year financing agreement for construction of the 97km Lusalira-Nkonge-Lumegere-Ssembabule Road, which is scheduled to start before the end of 2025. The financing agreement signed on Friday is for the project expected to cost S

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Shock as University Student Reportedly Dies of Hunger

Shock as University Student Reportedly Dies of Hunger

KAMPALA , Uganda – Hunger among Uganda’s university students has become an urgent crisis, revealing the severe financial challenges facing young people in higher education. Uganda’s universities are currently grappling with a widespread hunger issue among students, with reports indicati

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Who is elegible for Grow loans?

Who is elegible for Grow loans?

In August, women from as far as Jinja and Mityana districts, gathered at Hotel Africana for a knowledge-sharing day-long seminar for the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) grant.Vice President Jessica Alupo subsequently launched the project from the

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Uganda's coffee industry: Understanding the origins of UCDA

Uganda's coffee industry: Understanding the origins of UCDA

By Ezra Suruma In 1986 when the National Resistance Movement captured the apparatus of government, coffee was by far the most important export product of Uganda.  Coffee had enjoyed this supremacy since the 1950s when it overtook cotton as the most important “cash crop” and expo

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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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