Bank of Uganda (BoU) has placed EFC Uganda Limited, a microfinance deposit-taking institution, under liquidation, revoked its license, and ordered for the winding up of its affairs in the country.According to Michael Atingi-Ego, the deputy Bank of Uganda governor, the decision to close EFC
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The month of January often presents financial challenges for many individuals and families around the world, and Uganda is no exception. The aftermath of festive season spending combined with the anticipation of school fees, rent, and other obligations can le
Nation Media TV personality Dagy Nyce has opened up about his relationship with his mother, Pastor Sarah Morgan who relocated to the United States of America around 1989.Based on his narration, Dagy Nyce explains his mother separated from their family following a domestic violence misunder
McLaren start 2024 confident they have continued the strong progress they made last year - but wary of the potential performance of Red Bull.Lando Norris scored more points than any other driver bar Max Verstappen last season after McLaren upgraded their car for July's Aus
The National Livestock Resources Research Institute (NaLIRRI), a government-owned farm under the National Agricultural Research Organisation (NARO) within the Ministry of Agriculture, Animal Industry, and Fisheries, has undergone a significant relocation. The institute’s headquarters, previousl
Man City manager Pep Guardiola confirmed in December that Kalvin Phillips is available for transfer in the January window; Phillips has made just four Premier League appearances all season; Phillips is high on Newcastle's list, West Ham and Everton have financial issues with the deal Crys
The Minister for Justice and Constitutional Affairs, Norbert Mao, has disclosed that the government will not establish the long-awaited Constitutional Review Commission. This decision comes after Parliament failed to allocate the necessary resources in time for its establishment. During a
The Uganda Muslim Supreme Council (UMSC) has officially removed Sheikh Abdallah Ssemambo from his position as the Deputy Mufti of Uganda. On Thursday afternoon, Mufti Shaban Ramadhan Mubaje, the head of UMSC, convened a special joint session to address an impeachment petition against Shei
For more than a decade, Apple was the stock market’s undisputed king. It first overtook Exxon Mobil as the world’s most valuable public company in 2011 and held the title almost without interruption. But a transfer of power has begun. On Friday, Microsoft surpassed Apple, claimi
