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
It is a cloudy day over Lake Kyoga. At midday, four women, oars slung over their shoulders, slowly walk through Zengebe Mayinja Landing Site, making their way to the lakeshore. The landing site is one of the six found in Lwampanga Town Council in Nakasongola District. The women are all
It is a cloudy day over Lake Kyoga. At midday, four women, oars slung over their shoulders, slowly walk through Zengebe Mayinja Landing Site, making their way to the lakeshore. The landing site is one of the six found in Lwampanga Town Council in Nakasongola District. The women are all
Eighteen districts under the Lake Kyoga Integrated Management Organisation (LAKIMO) are urging the government to offer alternative livelihoods to fishing communities affected by ongoing oil exploration activties in the Lake Kyoga basin.Earlier this year, Mr Joshua Lukaye, Acting Assistant
(Kampala) – In a country where the price of a rolex (the edible kind) now rivals that of a boda boda ride, the cost of living is pinching harder than a kameeza wife eyeing her husband’s thin wallet. And as Ugandans grapple with the ever ascending prices of k
Prince Harry is embroiled in a high-profile lawsuit against Rupert Murdoch's UK newspaper arm, News Group Newspapers (NGN). Accusations of unlawful activities by journalists and private investigators have led to contentious legal proceedings. NGN's lawyers accu
Bow Wow has issued a stern warning to his rap peers who owe him money.On Thursday (May 30), the rapper and actor fired off a strongly-worded post on X (formerly Twitter) threatening to expose those who
President Samia Suluhu Hassan will visit China in September for the Forum for China-Africa Cooperation (Focac), where she is expected to sign new loan deals as Tanzania begins to implement a freshly revised foreign policy.According to the Ministry of Fore
Wiese first got into alluvial diamonds in 1976 when he bought a mine along the Orange River.Christo Wiese, South Africa’s billionaire retail king, is going back to the future.The 82-year-old serial investor, who steered the expansion of both Africa’s biggest clothing reta
What you need to know:President Museveni has been in Busoga sub-region twice in a period of 12 days. First, he was in Jinja City on January 26 when he presided over the 38th anniversary of the National Resistance Movement’s (NRM) rise to power, and th
