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
In the ever-evolving political landscape of Uganda, the question looms large: Are protests still viable tools for the opposition to effect change in leadership? As the nation grapples with political discontent and a desire for reform, examining the efficacy o
Fred Ishungisa, a farmer in his 50s from Ntungamo village in Katenga parish, Kaharo sub-county, Kabale district, is mourning the loss of six cows and 12 sheep after they were struck by lightning. The incident occurred on Monday evening around 06:30 PM while Ishungisa was grazing the animals at Ki
After 929 days that included European glory, red cards and effervescent quotes, Jose Mourinho's Roma spell has come to an end.In what was the 60-year-old's 10th full-time role as a manager, his time in the Italian capital saw him win the hearts of the Giallorossi.However a faltering
Simon Mburu, a 24-year-old who has recently secured employment in Rubaga, Kampala, with a monthly net salary of UGX 500,000, seeks guidance on budgeting and achieving financial independence. Facing the challenges of living in an expensive city on a modest income, Simon aims to not only cover his
Uganda, a landlocked country, faces challenges in transiting its goods, particularly by road, to neighboring countries and the wider region, owing to conflicts, non-tariff barriers, and political tensions. The recent closure of the Burundi-Rwanda border has added to these challenges, adversely af
The House Committee on Foreign Affairs has recommended allocating Shs4 billion and Shs2 billion in the National Budget Framework Paper for the Ministry of Foreign Affairs, specifically catering to post-summit activities related to the Non-Aligned Movement (NAM) and G77+China for the next three ye
Members of the Budget Committee in Parliament are seeking detailed justification from the government regarding the proposed increase in the budget allocation for Uganda National Airlines in the upcoming 2024/2025 financial year. The request follows concerns raised during a presentation by Hon. To
President Yoweri Kaguta Museveni has suggested that Somalia looks to the National Resistance Movement (NRM) as a source of inspiration for the prosperity and strategic security of its citizens. During a meeting with Uganda’s Ambassador to Somalia, Prof. Sam Tulya-Muhika, at State House, Entebbe
