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Does Kiira Motors need two years to turnaround?

Does Kiira Motors need two years to turnaround?

Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option

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INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel

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More than $800 million pledged for mpox response, African CDC says

More than $800 million pledged for mpox response, African CDC says

Over $800 million has been pledged to the Africa Centres for Disease Control and Prevention for its fight against a surging mpox outbreak on the continent, the agency's head said on Thursday, adding that the amount was higher than expected. It had previously promised to raise $600 millio

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Energy officials tasked by Museveni to lower electricity rates

Energy officials tasked by Museveni to lower electricity rates

The President argued that low electricity tariffs and low cost of transportation of goods and services are key components for propelling the Ugandan economy to the upper rungs of middle-income status. “If you want a modern economy, you must handle the four sectors as I have told you bu

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Protect your car from bad roads with these expert driving tips

Protect your car from bad roads with these expert driving tips

For any motorist, it is important to understand that preparing your car for bad road conditions is a tough job. This is because there are conditions that manufacturers put into consideration when manufacturing vehicles, including those to be used off-road, where the vehicle is going and the

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Non-performing loans drop but credit extension remains subdued 

Non-performing loans drop but credit extension remains subdued 

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

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US to donate 1 million mpox vaccine doses to halt outbreak in Africa

US to donate 1 million mpox vaccine doses to halt outbreak in Africa

U.S. President Joe Biden announced on Tuesday the donation of 1 million mpox vaccine doses and at least $500 million to African countries to support their response to the outbreak. Biden made the announcement at the United Nations General Assembly in New York, and called on other countri

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Where are Uganda’s green jobs?

Where are Uganda’s green jobs?

Resty Namata began her career at Kiteezi Landfill as a sorter earning about Shs7,000, and eventually advanced to a picker, earning at least Shs10,000 daily. But more than half of the workers are women, who turn to this refuge to cope with socio-economic challenges."We are 600 women out of ab

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More doctors enrolling for traditional medicine training – institute

More doctors enrolling for traditional medicine training – institute

Officials at the Kampala-based Natural Chemotherapeutics Research Institute (NCRI) have said they are seeing more qualified medical professionals enrolling for the course on traditional medicine as integration of modern and traditional medicine takes shape. “Our students are peop

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Uganda needs timely investment, youth engagements for middle-income dreams

Uganda needs timely investment, youth engagements for middle-income dreams

Uganda's young population grapples with high unemployment due to a lack of jobs meant to match its growth rate, something that has fuelled social unrest and youth frustration, compounded by rising demand for quality education, healthcare, and social services, straining government resources.

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