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
September 25, 2024 | Ashraf Habib
The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which
Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury struggling to justify certain tax breaks to particular companies while in the National Assembly. In a new twist, the two age
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
The Nabagereka Development Foundation, spearheaded by the Nabagereka of Buganda, Sylvia Nagginda, continues its mission of reviving cultural values and traditions through its latest initiative, “Obuntu Bulamu” (Humanity). Established in 2000 to foster the positive cultural values of the Buganda
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) – In a country where the price of a rolex (the edible kind) now rivals that of a boda boda ride, the cost of living is pinching harder than a kameeza wife eyeing her husband’s thin wallet. And as Ugandans grapple with the ever ascending prices of k
Lugazi is certainly brewing something good in the thickets of Mabira Forest. Unlike many clubs that have debuted in the StarTimes Uganda Premier League over the last decade, their ability to own their home ground shows a club riding on an ambitious long-term pro
