At least 15,000 Muslim women in Busoga Sub-region under their respective Saccos are set to benefit from a Shs2 billion donation from President Museveni. The national chairperson Uganda Muslim Women Council (UMWC), an affiliation of Uganda Muslim Supreme Council (UMSC), Ms Sophie Safina K
President Yoweri Museveni has committed Shs2 billion to support the development of Muslim women’s Savings and Credit Cooperative Organizations (SACCOs) in Uganda. During the inaugural Muslim Women’s Conference, held at Old Kampala Secondary School grounds, Museveni promised to deliver Shs1 billi
President Museveni has vowed to crack down on exploitative money lenders, who he said take advantage of ignorant and desperate people . The President said his government would push for the enactment of a law to fight the vice. “Money lenders are becoming a problem. They go to our v
The stock of unused external debt rose by $500m (Shs1.8 trillion) due to sluggishness in implementation of government projects, according to the Ministry of Finance Debt Statistical Bulletin. The Bulletin, which covers and analyses a wide range of public debt developments, indicates that
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
VisionFund Uganda has opened an office in Iganga District, Eastern Uganda, making it the first in Busoga Sub-region and bringing the total number of branches to 24 and seven field offices.Previously, VisionFund Uganda customers from Busoga travelled to either Tororo, Mbale and Soroti distr
Uganda’s Newest ‘Kijambiya’ Threat: 59 Illegal Loan Apps to Avoid Like Bad ‘Kalo’In a city where everyone’s got a side hustle and a dream to escape the infamous ‘muzigo’ life, there’s a new preda
Kampala, Uganda | THE INDEPENDENT | Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on.State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and
Have you ever dreamt of sipping your morning coffee on a beachfront balcony, or cozying up by a fireplace in a charming European village? Owning property abroad can turn that dream into reality, offering a getaway, a potential investment opportunity, or
Bank of Uganda headquarters in Kampala.KAMPALA, UGANDA – The Bank of Uganda has issued a warning to Payment Service Providers (PSPs) against dealing with unlicensed digital lenders, citing concerns over predatory lending practices
