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
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
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
Rebecca Namulondo, 9, had a chilling premonition of impending doom. In an emotional revelation, Godfrey Wamunyokoli, a Mathematics and Science teacher at the Salama School of the Blind, 40km east of Kampala in Luga Village, Kisoga Sub-county, Mukono District, shared a chilling detail abo
A section of journalists accredited to cover Parliament were denied access to the premises while those who were allowed access were locked up in the basement of the building. On Wednesday, chaotic scenes similar to those that played out at Parliament before the commencement of the debate
Most rural women in Uganda are engaged in agricultural activities, contributing 88 percent of agricultural labour force, an activity that contributes to 76 percent of Uganda's economy. Women's traditional roles in agriculture are still influenced by their reproductive roles therefore, ta
President Museveni’s televised address to the nation Thursday night went to great lengths to drill the final nail in the coffin of the Uganda Coffee Development Authority (UCDA). Formed by an Act of Parliament 1991 that was amended three years later, UCDA stepped into the shoes of th
Kilak North MP Anthony Akol has spoken out about circumstances under which he punched his Mityana Municipality counterpart, Francis Zaake during Wednesday plenary session moments before the passing of the controversial Coffee Bill, 2024. Mr Akol (FDC) punched Mr Zaake (NUP) several times
The United States of America today closes elections to pick its president for the next four years. Although millions of voters have voted early, millions more will vote in person today. The two contenders are, Republican Party candidate Donald Trump, a former president who was defeat
It is midday and Gaudensia Tankobatagira is sitting quietly on a stool beneath the shade of an avocado tree at her home in Kabigyemire Village, Busiriba Sub-county in Kamwenge District. Surrounded by her grandsons, the 63-year-old woman patiently shells beans. Dressed in a simple gown, p
