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
(Buikwe) – Opposition leader Robert Kyagulanyi, commonly known as Bobi Wine, visited Buikwe District this week, continuing his National Unity Platform (NUP) countrywide tour while addressing his followers on the principles of justice, freedom, and resilience in Uganda. Wine emphasized his vision f
Lira, Uganda â Three hundred eighty-seven small-scale businesswomen from Lira City have benefited from a soft loan of 107 million shillings, disbursed by Hon. Betty Amongi Akena on Friday, November 15, 2024, at Senior Quarters, Lira City East Division.Jenifer Opio, a member of Hon. Betty Am
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
Emaritino Echiku, a 75-year-old resident of Soroti District, has been undergoing treatment for breast cancer at the Uganda Cancer Institute (UCI) in Kampala for the past three years. Echiku recalls noticing a small, painless lump on his right breast during adolescence, which he ignored f
The renowned Nyege Nyege International Cultural Music Festival has commenced in Jinja City, bringing with it a vibrant atmosphere and economic potential. This ninth edition is being held at the Jinja Golf Course field, drawing both local and international attention. Jinja traders are eag
Uganda's Civil Society Organisations (CSOs) have urged the government to reassess its approach to the ongoing rationalisation process, emphasising the need to prioritise local government and Parliament reforms to effectively reduce taxpayers' expenses. Mr Julius Mukunda, the Executive D
The lively atmosphere at Hajj Hussein Ssengendo’s home in Masaka City’s suburb of Soweto, is a reflection of a man who has lived his life to the fullest. The home has all that an ageing senior citizen should have for life to move on. “At this age of 99, I actually have nothing
Jinja-based Born Again pastors have joined Busoga East Diocese Bishop Paul Hannington Suubi to protest the hosting of the forthcoming Nyege Nyege Music festival in the area. The International Nyege Nyege Music Festival is scheduled for November 14 to 17 at the Jinja Golf Ground in Jinja
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and discover real potential. Thatâs how Mogo Uganda, an asset-financing tech company, landed in Kampala. The
