There’s panic at Tropical Bank Uganda Limited and its client IT Office [U] Limited after the later failed to pay back a loan the former secured.IT Office Uganda Limited took a loan of Shs 6.840 billion from Prim
Uganda is seeking funds to build three hydropower plants that would add over 1,600 megawatts (MW) of capacity to help meet rising power demand, an energy official said on Wednesday. The East African country has identified three potential sites on the Nile river, the biggest of which is t
The 2024 National Population and Housing Census final report released yesterday reveals some interesting figures. The report shows Ugandans are living longer with average lifespan increasing from 63 to 68 years between 2014 and 2024. The report also reveals declines in child and mate
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
South Sudan President Salva Kiir Mayardit on Thursday, through a presidential decree, dismissed his long-time intelligence chief and appointed him as the governor of his home state. Lt Gen Akol Khoor, who led the National Security Service’s (NSS) Internal Security Bureau, was replace
President Museveni has vowed to crack down on exploitative money lenders, who he said take advantage of ignorant and desperate people . The President said his government would push for the enactment of a law to fight the vice. “Money lenders are becoming a problem. They go to our v
Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option
Commercial banks hold the largest share of government’s domestic debt, according to the Debt Statistical Bulletin and Public Debt Portfolio Analysis by the Ministry of Finance. The analysis, which seeks to provide accurate and timely debt statistics, crucial for assessing the countryâ€
The 2024/25 Fufa Women's Super League (FWSL) got off to a flyer on Friday. Six games in three days produced nine goals and seven different scorers. Three of the matches ended in stalemates. Nabukenya ruthless Agnes Nabukenya looked fresh and rested. She started from where she lef
The Deaf Awareness Week is an opportunity to raise awareness about the importance of sign language, promote inclusivity and recognise the contributions of the deaf community. In a world where communication is key, sign language plays a vital role in bridging the gap between the deaf and hear
