The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom
Wealth creation refers to the process of investing your savings to grow your wealth by choosing investments that align with your financial goals. The modern approach to wealth creation of budgeting and saving builds wealth through a variety of methods using financial products. Certainly, whe
Kampala is projected to experience a population surge of at least 58 percent, growing from approximately four million to seven million by 2035, as detailed in the World Population Review based on the UN World Urbanisation Prospects. This report suggests that without appropriate interventions
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
Teachers in Namutumba District are appealing to the government for scholarships to pursue degrees. In 2019, the government introduced a transformative teacher policy that phased out lower qualifications, mandating that all teachers, from nursery to primary levels, hold a Bachelor's degre
The Equal Opportunities Commission (EOC) has asked the government to stop funding top schools that continue to charge excessive school fees. Ms Susan Nambatya, the EOC research associate, who yesterday spoke at the release of findings of a study on fees charged by government and private
Of the few moments of regret that I carry in my heart, one relates to a moment etched indelibly in my head from over 30 years ago. It was, if memory serves me right, late 1988 or early 1989, and Mr Museveni was visiting Kamuli Boys Boarding Primary School where, the two regular readers of th
(Kampala) – Uganda’s academic powerhouse, Kyambogo University, is making headlines for all the wrong reasons. The venerable institution, home to countless ambitious minds, is set to trim its staff of part time lecturers thanks to a staggering UGX 6.7 billion debt hanging over its head like a hea
Many houses suffer from recurring water damage, leading homeowners to invest in annual renovations. Another approach is to try different waterproofing solutions and contractors to resolve the issue. In the construction industry, waterproofing remains a critical component that is often overlo
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
