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
Travellers have been forced to endure long queues at Masindi Port in Western Uganda as they jostle to catch ferries to the countryâs capital Kampala following the total closure of Karuma Bridge currently under repair. The situation has been exacerbated by the recent flooding of the N
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
Your Excellency President Museveni, I write to you as a concerned citizen who has been actively involved in the capacity-building efforts of your government’s socio-economic programmes such as the Parish Development Model (PDM), Emyooga, and GROW. These initiatives were introduced wi
At the conclusion of the Climate Summit Conference of Parties (COP) 28 in Dubai, United Arab Emirates (UAE), in December 2023, member states committed to rapidly decarbonising their energy systems to keep global warming within the 1.5°C threshold. This requires accelerating the clean energy
Kitu Kidogo, Panya Route and Rolexand other words from parlances in East Africa are the latest entrants into the Oxford English Dictionary. Kitu kidogo is a Swahili word for money offered or accepted as an inducement or bribe while panya route is a secret path or roundabout route, esp
Enforcement of publicly funded projects and related investment is underperforming, according to National Planning Authority (NPA). The NPA assessment report further discloses laxity in the manner in which development projects, the majority of which are funded by international partners an
Teachers in Namutumba District are appealing to the government for scholarships to pursue degrees. In 2019, the government introduced a transformative teacher policy that phased out lower qualifications, mandating that all teachers, from nursery to primary levels, hold a Bachelor's degre
Private school administrators have responded to mounting public outcry over what is perceived as unduly high tuition fees, attributing the costs to operational expenses. Although many administrators declined to provide a detailed breakdown of their expenditure, they pointed to utility bi
(Beijing) – China’s Xi Jinping. Xi, always eager to flaunt China’s never ending fountain of flowery words, penned a letter (“special” birthday message) that, quite frankly, could put anyone to sleep faster than a lullaby. This message was not just a simple “happy birthday.” This
