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Museveni pledges Shs2 billion to Muslim women’s council

Museveni pledges Shs2 billion to Muslim women’s council

President Museveni has guaranteed to give Shs 2 billion to the Savings and Credit Cooperative Organisation (SACCO) of the women’s council affiliated to the Uganda Muslim Supreme Council (UMSC), the governing body of Muslims in the country. The money is geared towards backing the eco

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Uganda's activists face increasing digital violence

Uganda's activists face increasing digital violence

According to the National Library of Medicine, research, biomedical informatics and the world's largest biomedical online library, the Covid-19 imposed restrictions led to an inevitable surge in the use of digital technologies to adjust to new ways of interaction, life, and work.  For U

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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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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

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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

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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

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NCHE to invalidate 2,000 Busoga University degrees

NCHE to invalidate 2,000 Busoga University degrees

The National Council for Higher Education (NCHE) has said it will not recognise the academic credentials of at least 2,025 students who have been studying at the Iganga-based Busoga University. The university’s licence was revoked by the NCHE seven years ago for allegedly lacking quali

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Govt pushes for mercury free options for artisanal miners

Govt pushes for mercury free options for artisanal miners

The government has renewed its call to phase out the use of mercury among Artisanal and Small-Scale Gold Miners (ASGM), citing severe health risks and environmental pollution. Phiona Nyamutoro, Minister of State for Energy and Mineral Development (Minerals), emphasized the urgency of thi

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Some EFC, Mercantile depositors yet to pick their money, says DPF 

Some EFC, Mercantile depositors yet to pick their money, says DPF 

The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arrangements to enable the Fund to pay their protected deposit up to the limit of Shs10m.   Speaking during the Makere

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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

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