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
On Bulabira 2 Road in Najjera, Kira Municipality, Wakiso District, a group of workers plant new seedlings in a bamboo nursery bed. Another group is busy loading and offloading briquettes made from bamboo trees. The workers are under Divine Bamboo Group Ltd founded by Ms Divine Nabaweesi.
Tanzania has been ranked first in Eastern, Southern and Central Africa for its leadership in cybersecurity, according to the 2024 Global Cyber Security Index (GCI). The East African country scored 100 percent across all five cybersecurity pillars that include legal, technical, organisati
President Samia Suluhu Hassan on Tuesday warned foreign diplomats against “meddling” in Tanzania’s affairs, as she fights offa allegations that state security agencies are responsible for the recent spate of abductions and killings of opposition leaders. The worrying trend comes as
The death of athlete Rebecca Cheptegei, who was doused in petrol and set ablaze by her former boyfriend, Dickson Ndiema Marangach, has renewed questions on governmentâs implementation of the Domestic Violence Act. The 33-year-old was last week buried in Bukwo District, days after Ma
Contributors to the National Social Security Fund (NSSF) can expect to receive more than the 10 percent interest they earned this year when the Finance minister announces the yield from the last financial year next week. NSSF managing director Patrick Ayota said at a news conference in
Police and other stakeholders have expressed concern over the rising number of road accidents in recent months that have claimed several lives and left others injured. Since the start of the year, police have reported an average of between 60 and 80 people dying in road accidents every w
Dominick Michael brings his unique take on country music, with rock and blues elements to Live After Five in a free performance presented by Federales Fest that promises danceable tunes. The show runs from 5 p.m. to 8 p.m. Friday in Rhorer Plaza downtown. downtownbr.org/live-after-five.BREC’s
Since time immemorial, during dry seasons, farmers in Lamwo District have burnt grass in their gardens to stimulate the growth of fresh green grass for their livestock and to enhance soil fertility. Smallholder farmers believe dry grass is not nutritious to their animals, and in a desper
Traditionally, investment clubs were small, community-based groups that met regularly to discuss opportunities and pool their resources into low-risk ventures. Today, this landscape has evolved. Modern investment clubs are now boldly pooling funds to venture into higher-risk assets and f
