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Foreign reserves fall to all time low

Foreign reserves fall to all time low

High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa

Ultimate Uganda

Denise Atwine rises above breast cancer

Denise Atwine rises above breast cancer

Ms Denise Charity Atwine, a resident of Mende Sub-county in Wakiso District, did a self-breast check in 2018 and found a lump in her right breast. The lump was the size of a pea. She told her friend who had lost a mother due to breast cancer about the lump. Her friend recommended a d

Ultimate Uganda

Reborn Okello says worst is behind him

Reborn Okello says worst is behind him

This time last year Allan Okello was not that certain about his career, but had - at least - been given a lifeline by Vipers SC when they signed him on transfer deadline day despite carrying a troublesome knee. Okello’s knee issue had first been discovered when he was summoned to the U

Ultimate Uganda

Lira health worker held over extortion

Lira health worker held over extortion

Police in Lira District are holding a health worker over allegations of extortion of money from patients in exchange for medical services. Benedict Ogwal, a theatre assistant at Ogur Health Centre IV in Ogur Sub-county, Lira District was arrested on October 7, 2024 after some patient att

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Charity body seeks funds to sponsor university students

Charity body seeks funds to sponsor university students

The Muhaire Education Trust Fund (METF) has called upon well-wishers and philanthropists to join it in funding the education of needy students across the country. Speaking to Daily Monitor yesterday, Dr William Tsimwa Muhairwe, the founder of METF, said this year the organisation was onl

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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

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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

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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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FDC Katonga faction charts own course for new party

FDC Katonga faction charts own course for new party

The leaders of the Forum for Democratic Change (FDC) Katonga faction yesterday initiated the registration process for their new party, the People's Front for Freedom (PFF). The acting president, Mr Erias Lukwago, flagged off the collection of signatures from voters across the country.

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Family of maid who died in Saudi Arabia awarded Shs250m

Family of maid who died in Saudi Arabia awarded Shs250m

The family of a Ugandan woman who died and was secretly buried in Saudi Arabia where she worked as a domestic maid was yesterday awarded Shs250 million in damages. High Court Justice Boniface Wamala directed Horeb Services Uganda, a labour export firm, and its managing director, Ezra Mug

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