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
Transitioning from a corporate job to self-employment is bold and challenging. Stella Mugera: Pursuing passion Despite her fulfilling role as an economics policy analyst at the Uganda Local Governments (ULGA) Association, where she worked from 2008 to 2015, Mugera knew she wanted t
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
With the emergence of Artificial Intelligence (AI) technology, young people have been urged not to let AI diminish their capacity for innovation and creativity, but rather to use it to enhance their abilities. Mr Ibrahim Kayongo, Quality Manager at Tecno Uganda, emphasized that while AI
Uganda is seeking funds to build three hydropower plants that would add over 1,600 megawatts (MW) of capacity to help meet rising power demand, an energy official said on Wednesday. The East African country has identified three potential sites on the Nile river, the biggest of which is t
At least 78 people drowned when a boat carrying 278 passengers capsized in Lake Kivu in eastern Democratic Republic of Congo on Thursday, a provincial governor said. Relatives sobbed on shore as victims were placed in body bags and carried away, a Reuters witness said, and video footag
Leaders from various Savings and Credit Cooperative Organizations (SACCOs) have commended Stanbic Bank for its commitment to empowering and skilling members of the SACCO community. The event held at Tuzza Hotel in Bushenyi brought together over 100 leaders from across the West Ankole Region,
SAN FRANCISCO (AP) — Cabrel Ngounou’s life in Cameroon quickly unraveled after neighbors caught the teenager with his boyfriend. A crowd surrounded his boyfriend’s house and beat him. When Ngounou’s family learned of the relationship, they kicked him out. He fled — alone and with little mo
MPs were left in shock after learning that the Uganda People’s Defence Forces (UPDF) mismanaged Shs29.8 billion allocated in August 2022 for a food production initiative aimed at addressing food insecurity caused by the COVID-19 pandemic and the Russia-Ukraine
Tea farmers across Uganda are facing a looming crisis, with several processing factories on the brink of closure. This is on account of the low prices of the crop, which has forced some of the tea farmers to uproot the trees in favour of the more lucrative coffee growing and other ventur
