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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

No thank you from many left out of Neyanziza concert

No thank you from many left out of Neyanziza concert

It was 9pm and lots of people were still stuck in the long queues both at the VIP area and the general gate at Cricket Oval Lugogo on Friday evening trying to get access to Sheebah’s Neyanziza show. Some had tickets while others wanted to buy at the gate.  The police and several bounc

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Tricks school owners use to fleece parents

Tricks school owners use to fleece parents

Good grades and great learner welfare are key things parents look for before sending their children to any school. But to some school managers, their main motive for investing in the education sector is doing business. And to live up to this, they have come up with tactics to attract numbers

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What civil society wants government to focus on in the next financial year

What civil society wants government to focus on in the next financial year

Civil society organisations have asked government to focus its resources on operationalisition of the different industrial parks spread across the country by investing in critical infrastructure such as electricity, water, roads and ICT infrastructure to drive industrialisation, job creation

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Non-performing loans drop but credit extension remains subdued 

Non-performing loans drop but credit extension remains subdued 

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

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Ugandans choosing MDIs over banks, UMRA reveals

Ugandans choosing MDIs over banks, UMRA reveals

The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu

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Alupo Praises Russia’s Tech: Innovators of Bots, Spammers, and Internet Trolls

Alupo Praises Russia’s Tech: Innovators of Bots, Spammers, and Internet Trolls

(St. Petersurg, Russia) – Uganda’s Vice President Jessica Alupo recently praised Russia at the 4th Eurasian Women Forum, held in Saint Petersburg. While Ukraine’s skies are lit up with Russian missiles, Alupo was busy applauding Russia’s commitment to “peace, security, and development.”

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Discover What You Truly Desire: Libra Horoscope

Discover What You Truly Desire: Libra Horoscope

Put solid plans in place before deciding to move. Knowing what you want is half the battle. Listen, learn and evaluate instead of following the crowd. Explore what makes you happy and pursue directions that help build confidence and a healthy lifestyle. Romance is favored. Refrain from falling into

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PRIMECheptegei death: A case of prey men eyeing star women

PRIMECheptegei death: A case of prey men eyeing star women

Before the September 14 burial of Ugandan athlete Rebecca Cheptegei at her ancestral home in Bukwo District in Eastern Uganda, pleas were being made for some kind of desperate implementation to end Gender-Based Violence (GBV) being directed towards successful female athletes. Cheptegei,

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Cheptegei was killed despite her efforts to protect herself

Cheptegei was killed despite her efforts to protect herself

On the morning of Sunday Sept. 1, Olympic marathon runner Rebecca Cheptegei was preparing to go to church from her home in the highlands of western Kenya. Her ex-boyfriend called a friend of his to ask if he could borrow a lighter.

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