The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which
Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr
Five months after its launch, Zimbabweâs new currency is under pressure as increased grain imports eat away at foreign reserves, putting at risk the governmentâs plan to make it the only currency in the market by 2026. The gold-backed ZiG, which stands for Zimbabwe Gold, is the
Have you ever dreamt of sipping your morning coffee on a beachfront balcony, or cozying up by a fireplace in a charming European village? Owning property abroad can turn that dream into reality, offering a getaway, a potential investment opportunity, or
How there is an increasing reliance on war and sanctions as the main instruments of Western foreign policyTHE LAST WORD | Andrew M. Mwenda | Western nations are facing a foreign p
Equity Group Chief Finance Officer Moses Nyabanda, Managing Director and CEO, Dr. James Mwangi and Chief Internal Auditor Beth Kithinji during the Q1 2024 Investor Briefing eve
Wiese first got into alluvial diamonds in 1976 when he bought a mine along the Orange River.Christo Wiese, South Africa’s billionaire retail king, is going back to the future.The 82-year-old serial investor, who steered the expansion of both Africa’s biggest clothing reta
News Source: Vanguard NewspapersAn Iranian believed to be the country’s oldest woman has died at the age of 125, local media reported on Tuesday.Masoumeh Sanei Toroghi was born on September 23, 1898, in t
Two years ago, former Archbishop of the Church of Uganda Stanley Ntagali was suspended from his priestly duties over adultery charges. Ntagali was accused of bonking another man’s wife to cabbages and even sired a kid with her.According to a letter addressed to Ntagali, the retired bisho
