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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

Ultimate Uganda

Diddy abuse hotline records 12,000 calls in just 24 hours; 100 new lawsuits lined up, claims lawyer

Diddy abuse hotline records 12,000 calls in just 24 hours; 100 new lawsuits lined up, claims lawyer

Tony Buzbee reveals shocking increase in claims against Sean Combs, including minors among the accusers.In a shocking surge, attorney Tony Buzbee has revealed that more than 12,000 calls have flooded a hotline set up for victims to report alleged abuse

Ultimate Uganda

Is micro-cheating that bad?

Is micro-cheating that bad?

Cheating is often considered the ultimate betrayal in romantic relationships. However, beyond the physical affairs and obvious breaches of trust lies another form of unfaithfulness; micro-cheating. While it may not involve a complete affair, micro-cheating can still cause cracks in a rel

Ultimate Uganda

Reduction in milk production causes butter scarcity 

Reduction in milk production causes butter scarcity 

A reduction in milk volumes by about 3.5 million litres per day has impacted key dairy by-products, among them butter production, according to stakeholders in both the dairy and supermarket value chains. Several supermarkets and consumers across Kampala have reported a shortage in butter

Ultimate Uganda

Busia leaders endorse creation of new district

Busia leaders endorse creation of new district

Thirty-five Busia District council members have passed a motion to create Lumino District. Busia District Speaker Charles Malowa Kudedi said the resolution came after 35 council members unanimously voted “yes” for the motion that seeks to carve Lumino District out of Busia District.

Ultimate Uganda

SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives

SACCO Leaders Hail Stanbic for Unmatched Empowerment, Skilling Initiatives

Leaders from various Savings and Credit Cooperative Organizations (SACCOs) have commended Stanbic Bank for its commitment to empowering and skilling members of the SACCO community. The event held at Tuzza Hotel in Bushenyi brought together over 100 leaders from across the West Ankole Region,

Ultimate Uganda

Uganda Launches Nationwide Coffee Registration Exercise Amid Tight Deadline

Uganda Launches Nationwide Coffee Registration Exercise Amid Tight Deadline

KAMPALA, UGANDA – Government of Uganda through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) and Uganda Coffee Development Authority has officially launched a nationwide coffee registration exercise aimed at enhancing sustainability, impro

Ultimate Uganda

Inside proposal to revive tea farming

Inside proposal to revive tea farming

Tea farmers across Uganda are facing a looming crisis, with several processing factories on the brink of closure. This is on account of the low prices of the crop, which has forced some of the tea farmers to uproot the trees in favour of the more lucrative coffee growing and other ventur

Ultimate Uganda

Amref tips govt on universal health coverage for underserved communities

Amref tips govt on universal health coverage for underserved communities

The government has been tasked to fast- track the implementation of the National Community Health Strategy to strengthen health service delivery at the community level. Mr Tadius Mwesige, the Manager of Strengthening Community Health Workforce in Uganda Project, which is currently being

Ultimate Uganda

Does Kiira Motors need two years to turnaround?

Does Kiira Motors need two years to turnaround?

Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option

Ultimate Uganda