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
Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the
President Museveni has fired Kampala Capital City Authority (KCCA) executive director Dorothy Kisaka, her deputy Eng David Luyimbazi and the director of Public Health Dr Daniel Okello over Kiteezi landfill collapse that left 35 people dead and several others missing. “In a decisive
The blanket regulation by European Union (EU) compelling farmers to prove that they did not contribute to deforestation before growing the produce has a massive potential to disenfranchise the entire coffee sector value chain with the smallholder farmers—who are the majority producers, bea
Fionah Auma, not real name, a resident of Busia District, was in 2019 chased from her husband's home by her in-laws after he died of hepatitis B. Auma says her in-laws claimed she had no right to stay at their late brother's home because she had not borne him children. Smarting with
Travellers have been forced to endure long queues at Masindi Port in Western Uganda as they jostle to catch ferries to the countryâs capital Kampala following the total closure of Karuma Bridge currently under repair. The situation has been exacerbated by the recent flooding of the N
Iganga-based Busoga University is conducting lectures despite the revocation of its licence seven years ago, Daily Monitor has learnt. The University, which was founded in 1999, had its licence revoked in 2017 by the National Council for Higher Education (NCHE) for allegedly lacking qu
Fionah Auma, not real name, a resident of Busia District, was in 2019 chased from her husband's home by her in-laws after he died of hepatitis B. Auma says her in-laws claimed she had no right to stay at their late brother's home because she had not borne him children. Smarting with
Resty Namata began her career at Kiteezi Landfill as a sorter earning about Shs7,000, and eventually advanced to a picker, earning at least Shs10,000 daily. But more than half of the workers are women, who turn to this refuge to cope with socio-economic challenges."We are 600 women out of ab
In a bid to preserve history and support local artists, the Little Bloomsbury Foundation is transforming a historic home in Logan into a boutique hotel and art gallery. Established in 2007 by Executive Director Brenda Sun, the foundation aims to sustain area artists and community events by providing
