Today’s economic hardship is real, with many Ugandans, especially teachers, feeling the pinch. The burden of debt is palpable, and it is affecting the quality of education. With salaries stretched thin, borrowing has become a survival tool. But the cycle of repayment pressure is taking a toll.
Vision Group is demanding the World Bank Shs 2.7 million in unpaid advertisements and promotions across its platforms, we can reveal.According to the list of Vision Group debtors seen by Bbeg Media, the World Bank, a multilateral lender, is one of several reputable international organisati
KAMPALA — A growing number of Ugandans are increasingly finding ways to bypass mobile money loan repayments, highlighting rising tensions between digital lenders and borrowers struggling with daily financial pressures.Reports indicate that many users are diverting transactions to alterna
Kampala, Uganda | URN | Justice Geoffrey Kiryabwire of the Court of Appeal and Constitutional Court has urged internal auditors to play a more proactive role in reducing the growing backlog of court cases, warning that unresolved commercial disputes in y in the banking sector are tying up trillio
Africa's "busiest" airport is undergoing a massive multi-billion-pound overhaul that will further expand its capacity. Cairo International Airport (CAI) is a major international flight hub serving the Egyptian capital and its metropolitan area. It's the country's largest and busiest airport, and
Uganda Clays may have bought time, but not certainty. Beneath the return to profit lies a balance sheet still under strain, propped up by deferred obligations and a partially unsecured NSSF loan. Its recovery, while visible, remains fragile. The real test will come when repayments begin, when imp
Uganda said on Thursday it had appointed Citibank to mobilise financing needed to fund the country's planned 2.7 billion euro ($3.19 billion) Standard Gauge Railway (SGR) project.In a post, opens new tab on the X platform, the East African country's finance ministry said Uganda is "in t
All isn’t well at the Matuga-based DEI Pharma, a multi-billion pharmaceutical manufacturing enterprise based at Matugga along Kampala-Bombo Road.The company, which is meant to manufacture pharmaceutical products for both the local market and for export purposes, has about 100 employees.
President Yoweri Museveni has issued a stern warning against corruption in Parliament, vowing decisive action against both bribe takers and givers .Speaking at the closing ceremony of the National Resistance Movement (NRM) retreat at the presidential farm in Nakaseke District, Museveni sai
What began as a claim over a USD 400,000 shareholder loan has evolved into a complex legal battle that cuts across project finance, shareholder rights, and cross-border dispute resolution.At its core, the case now pits Charles Odere, the subordinated lender seeking repayment, against a con
