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
Rajini Tailor, a renowned businessman and former Buganda Kingdom minister, has been embroiled in a debt dispute with the Muljibhai Madhvani Foundation, resulting in his recent detention at Luzira Prison. The dispute centres on unpaid rent arrears amounting to approximately Shs148 million
As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeti
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.
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
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
The Ministry of Education and Sports has said it will soon start prosecuting parents who do not provide their children with meals at school. Mr John Chrysostom Muyingo, the state minister for Higher Education, warned that such parents are violating the government’s policy on free educa
For years, dancer and choreographer Lillian Maximillian Nabaggala has been deliberate about works either celebrating diversity or advocacy. Her latest take as a theatre dance director, Moving Murals, is no exception. Produced by Batalo East, choreographed by Elvis Elasu, and performed by
As soon as you write a single poem or perform a line of poetry, those assembled will immediately baptise you “a poet”. And as sure as the spirit of Shakespeare seizes you like the enveloping heat on a summer’s day, you start calling yourself a poet too. The tag catches on.
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,
