The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu
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
Wealth creation refers to the process of investing your savings to grow your wealth by choosing investments that align with your financial goals. The modern approach to wealth creation of budgeting and saving builds wealth through a variety of methods using financial products. Certainly, whe
Kampala is projected to experience a population surge of at least 58 percent, growing from approximately four million to seven million by 2035, as detailed in the World Population Review based on the UN World Urbanisation Prospects. This report suggests that without appropriate interventions
A recent admission by the state minister of education in charge of primary education, Joyce Kaducu, that more than 50 percent of the schools with boarding facilities do not qualify to have them reveals how dire the situation in schools is. The facilities are reported to be in such bad sh
As schools opened for the third term on Monday, flood-affected schools in Ntoroko District faced significant disruptions, with some relocating and conducting classes in tents, leading to low student turnout and teacher absences. Ntoroko District has been grappling with floods for more th
Soroti City councilors have approved new rental charges for Soroti Central Market, aiming to resolve ongoing disputes between city authorities and vendors. During a special council meeting at city hall today, councilors agreed that vendors should begin paying the new rates to generate re
For decades, Bukedi sub-region in Eastern Uganda was primarily known for cotton cultivation. However, fluctuating prices led farmers to abandon cotton in search of more viable alternatives. During the launch of the Bukedi Strategic Development Plan, leaders outlined coffee and cocoa as c
Human rights activists have called for the implementation of non-custodial sentences to address Uganda’s prison congestion. The Commissioner of Prisons, Mr Apollo Baker Asinga, noted that between 2014 and 2015, the total prison population was about 42,619, but this number has since inc
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
