Hajjati Rehema Nankya, the brain behind Fortress Hardware in Maya. She started with a small shop with capital worth UGX1.5M.Fortress Hardware, located in Maya Trading Centre along the Kampala–Masaka Highway, isn’t an ordinary enterprise. There’s a unique and inspiring story behind it
Uganda’s opposition has tabled an alternative Shs71.4 trillion budget, warning that rising debt obligations and rigid expenditures are squeezing service delivery, while drawing parallels with last year’s fiscal plan that faced similar criticism over debt sustainability and limited fiscal spac
At the heart of Uganda’s Commercial Court sits a quiet crisis with far-reaching economic consequences: 623 unresolved banking cases locking up an estimated UGX 2 trillion in disputed value. For banks, this means capital tied down in provisioning and delayed recovery; for borrowers, businesses f
Police in the Wamala Region have issued a stern warning to money lenders operating in the area, urging them to stop engaging in illegal practices or face prosecution.According to Lameck Kigozi, the Wamala Police spokesperson, authorities are increasingly concerned about how some lenders ha
The Commercial Division of the High Court has ordered Jie County MP, Lokii Peter Abrahams, to pay businessman and money lender Amit Jain nearly 5 billion Shillings for failure to repay a loan taken in 2012.Justice Steven Mubiru ruled that Lokii defaulted on a 265 million Shillings loan, wh
Molly Katanga (C) in courtFor the first time since her husband’s death nearly two years ago, Molly Katanga stood in a courtroom and told her side of the story.Appearing in person before the High court last Thursday, after months of following proceedings via video link from Luzira
Uganda Electricity Distribution Company Limited has registered a strong operational and financial rebound in its first year of managing the country’s electricity distribution network, posting Shs1.71 trillion in revenue as it stabilised a system inherited from private operators.The perfo
In a recent podcast of Bad Natives, I argued that there is a real risk of Uganda defaulting on her domestic bonds in two to three years. It makes little sense to judge a country’s debt sustainability using the debt-to-GDP ratio. GDP is not a resource of government which it can use to pay credit
Uganda's Ministry of Works and Transport extends the suspension of the automated Express Penalty Scheme (Auto EPS) and new speed limits as the review of controversial traffic laws continues.KAMPALA, Uganda — The Ministry of Works and Transport is overhauling the national automated traffi
Government has revealed that the first batch of people that received money through the Parish Development Model (PDM) have started repaying back the loans.So far, UGX1.4Bn has been paid through the Wendi App, with Maracha district, Kampala Capital City Authority (KCCA), Masaka City, Mubend
