Search Results

Imbalu Boys Arrested Over Brutal Attack in Mbale

Imbalu Boys Arrested Over Brutal Attack in Mbale

(Mbale) – On November 16, 2024, a violent attack involving Imbalu boys was reported in Katwaka Cell, Bumagenyi Ward, Industrial Division, Mbale City. The group, armed with pangas, sticks, and stones, targeted several individuals, injuring a man and robbing others of their belongings.The vic

Ultimate Uganda

Excessive govt local borrowing starves private sector of credit 

Excessive govt local borrowing starves private sector of credit 

A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an

Ultimate Uganda

To cap or not to cap interest rates

To cap or not to cap interest rates

The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe

Ultimate Uganda

When Uganda danced to product adverts

When Uganda danced to product adverts

The transition of FM radio in Uganda in the early 90s was met with many opportunities. Musician Ragga Dee real name Daniel Kazibwe mentions that this is when the Deejay job started to gain respect locally. He notes that music radio hosts progressively imported freestyling from dance club

Ultimate Uganda

Absa in push to ease access to electric motorcycles

Absa in push to ease access to electric motorcycles

Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.

Ultimate Uganda

‘We’re aware the boda market is built on trust’

‘We’re aware the boda market is built on trust’

Imagine you’re running an asset financing business in Europe and think, “Why not give East Africa a shot?” So you do the research, find the market, and discover real potential.  That’s how Mogo Uganda, an asset-financing tech company, landed in Kampala.  The

Ultimate Uganda

Lawyers clash over digital evidence in Katanga case

Lawyers clash over digital evidence in Katanga case

At 10:14am presiding judge Isaac Muwata walks into a fully-packed courtroom The court clerk calls for the Henry Katanga murder case file as the suspects who appear physically in court, head to the dock. Assistant Director of Public prosecution (DPP) Samali Wakooli, introduces the pro

Ultimate Uganda

Will Kamala Harris be elected the 47th president? Here’s what Black leaders think

Will Kamala Harris be elected the 47th president? Here’s what Black leaders think

Democratic presidential nominee, U.S. Vice President Kamala Harris arrives at Dane County Regional Airport on November 1, 2024 in Madison, Wisconsin. (Photo by Andrew Harnik/Getty Images)In less than 48 hours, 

Ultimate Uganda

MTN Uganda Set to Increase Dividend Payouts for Investors

MTN Uganda Set to Increase Dividend Payouts for Investors

(Kampala) – MTN Uganda has recommended an increase in its second interim dividend to shareholders following a significant rise in net profit for the third quarter of 2024. The telecom company reported a 29.6% increase in profit after tax, amounting to 460 billion Ugandan shillings for the f

Ultimate Uganda

What to do when a fuel tanker explodes

What to do when a fuel tanker explodes

The high death toll from the fuel tanker fire at Kigogwa Trading Centre has raised concern about the lack of awareness among Ugandans regarding safety protocols in accidents involving vehicles carrying flammable substances.  Fire experts emphasise the importance of immediate evacuation

Ultimate Uganda