A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an
Japanese Princess Yuriko has died aged 101 after her health deteriorated recently, palace officials said.Yuriko was the wife of wartime Emperor Hirohitoâs brother and the oldest member of the imperial family. She died on Friday at a Tokyo hospital, the Imperial Household Agency said.
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
Rajini Tailor, a renowned businessman and former Buganda Kingdom minister, has been embroiled in a debt dispute with the Muljibhai Madhvani Foundation, resulting in his recent detention at Luzira Prison. The dispute centres on unpaid rent arrears amounting to approximately Shs148 million
Deputy Inspector General of Uganda Police Force, Mr James Ochaya, has sounded the alarm on a disturbing trend where young girls, some as young as 14, are using social media to seek romantic relationships with older individuals. "There is a disturbing misuse of social media. We have rec
A Ugandan movie is promising to make film lovers turn their eyes and attention to the Pearl of Africa if its potential cast is confirmed. Mr Otim, a movie by filmmaker Isaac Oboth, lists Winston Duke, Brian Ogola, Daniel Kaluya, Melvin Alusa, Forest Whitaker, Ntare Guma, Esteri Tebandeke, Pa
The lively atmosphere at Hajj Hussein Ssengendo’s home in Masaka City’s suburb of Soweto, is a reflection of a man who has lived his life to the fullest. The home has all that an ageing senior citizen should have for life to move on. “At this age of 99, I actually have nothing
There’s outrage in Teso sub region, Eastern Uganda after one of the Uganda People’s Defence Forces (UPDF) representative in Parliament, Lt Gen Peter Elwelu, , demolished a revered Ongima initiation site in Usuk, Katakwi District. The site, also known as Airiget Ongima, held immens
Archbishop of Canterbury Justin Welby resigned "in sorrow" on Tuesday, saying he had failed to ensure there was a proper investigation into allegations of abuse by a volunteer at Christian summer camps decades ago. Welby, the senior bishop of the Church of England and spiritual leader of
As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeti
