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When Your Phone Becomes Your Enemy: Loan Apps Feast on Desperate Ugandans

When Your Phone Becomes Your Enemy: Loan Apps Feast on Desperate Ugandans

(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

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How Ndere fell deep into Shs10bn debt

How Ndere fell deep into Shs10bn debt

A few days ago, Quickway Auctioneers and Court Bailiffs listed for public auction, three properties including Ndere Cultural Centre, a well-known institution for cultural preservation and education, due to an unpaid loan.The public notice indicated that Ndere Cultural Centre, sp

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Ugandan romance scammer wanted for conning S. African Policewoman of Shs 600M

Ugandan romance scammer wanted for conning S. African Policewoman of Shs 600M

South African police are hunting for a Ugandan man who allegedly conned a South African Police Service (SAPS) officer out of nearly R3 million (about 614 million) by feigning a romantic relationship.The suspect calls himself Dr. Kalvin SofikaThe su

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MTN seeks to separate mobile money business from listed company

MTN seeks to separate mobile money business from listed company

MTN Uganda has indicated it has sought approval from its board to separate the Fintech business, which includes mobile money, from its stock portfolio. The separation, which is being spearheaded at Group level, MTN says is part of its Ambition 2025 t

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Facing the inevitable: why Uganda, and all African states, must expire

Facing the inevitable: why Uganda, and all African states, must expire

I often see commentators say that Uganda will always be here. They indicate that in whatever we do, we should know that the country will out-exist all of us and will be present in future experiences in which we will not participate. This is logically untrue. Uga

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Tanzania President Samia eyes more Chinese loans at this year’s Focac

Tanzania President Samia eyes more Chinese loans at this year’s Focac

President Samia Suluhu Hassan will visit China in September for the Forum for China-Africa Cooperation (Focac), where she is expected to sign new loan deals as Tanzania begins to implement a freshly revised foreign policy.According to the Ministry of Fore

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Equity Group registers strong recovery

Equity Group registers strong recovery

Equity Group Chief Finance Officer Moses Nyabanda, Managing Director and CEO, Dr. James Mwangi and Chief Internal Auditor Beth Kithinji during the Q1 2024 Investor Briefing eve

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10 Major Mistakes People Make Starting a Small Business

10 Major Mistakes People Make Starting a Small Business

Slow And Steady Wins The Race

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Stanbic, UN Women commit to supporting more female-owned businesses in Uganda

Stanbic, UN Women commit to supporting more female-owned businesses in Uganda

As the world continues to celebrate the international women’s month, Stanbic Bank Uganda has re-echoed its commitment in supporting and empowering women led groups.This call was made during the annual Ring the Bell for gender equality conference at the Sheraton Hotel in Kampala.

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Navigating January Finances: Overcoming financial challenges in Uganda

Navigating January Finances: Overcoming financial challenges in Uganda

The month of January often presents financial challenges for many individuals and families around the world, and Uganda is no exception. The aftermath of festive season spending combined with the anticipation of school fees, rent, and other obligations can le

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