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
For decades, Bukedi sub-region in Eastern Uganda was primarily known for cotton cultivation. However, fluctuating prices led farmers to abandon cotton in search of more viable alternatives. During the launch of the Bukedi Strategic Development Plan, leaders outlined coffee and cocoa as c
President Yoweri Kaguta Museveni has cautioned leaders against using money in politics, saying that it’s against the National Resistance Movement (NRM)’s 4th principle of democracy. “With Principle No.4 (democracy), we must remove the pollution of using money in politics. Let all leader
Briefly tell us about yourself.I have been the chief executive officer of Uganda Hotel Owners Association (UHOA) for the last eight years. I started as the first female CEO of this association. When I took over, I was the youngest person to hold this position.We started the association with
The absence of a substantive Central Bank governor – a key figure in managing the economy – robs the country of much-needed expertise, experts have said. The position has remained vacant for 969 days and counting following the death of Emmanuel Tumusiime-Mutebile in a Nairobi hospi
Initially, this writing was supposed to talk about the Prison Break series coming back to the shelf. After spending a big part of the weekend rewatching the first episode of the series, I couldn’t help but wonder if what I was watching was exactly the same thi
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.
(US) – The recent debate between Kamala Harris and Donald Trump has generated a wave of media coverage, largely focusing on the unexpected dynamics that unfolded. According to various reports, Harris emerged as the clear winner, capitalizing on Trump’s unfor
On September 12, Omukama Oyo Nyimba Kabamba Iguru Rukidi IV will celebrate 29 years on the throne as the reigning monarch of Tooro Kingdom.The cultural event will take place at the kingdom royal palace, Karuziika,
During the French Revolution of 1789 Marie Antoinette, wife of King Louis XVI and privileged Queen of France was controversially made very famous by four words. It was claimed that on hearing peasants were finding it hard to put bread; a cheap staple food, on th
