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
Uganda's Speaker of Parliament, Anita Among, has issued a rallying cry to fellow leaders in East African Community (EAC) member states to fulfil their obligations to the bloc, stressing that unity is crucial for achieving the long-elusive goal of integration. Speaking at the 18th meeting
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
Yes, you have seen the big, monstrous BMW 1200cc and 1250cc bikes at a place near you. Talk about adventure bikes and the first person many people will remind you of is Jacob Oulanyah, the late speaker of Parliament, who, in his short time on two wheels, used his face value to promote the bi
At a glance, The Big We is a book that appears to spread the Ugafuturist-vision. But then you read the subtitle: “A Blueprint for Sustainable Growth of The Local Construction Industry in Uganda.” The author later clarifies that the BIG WE is an acronym for ‘Business Development, In
Uganda’s tea prices at the Mombasa Tea Auction have been holding steady for the past seven weeks, with the latest sale, Number 45, ending on November 5, 2024, at an average price of $1.02 per kilogram (around sh3,760). This price mirrors that of the past two weeks, indicating stability in the mark
Ronald Magada, aka Maro, is a Ugandan singer commonly known as the RnB Kyabazinga. He has for a long time been regarded as Busoga’s biggest export but about four years ago, he relocated to Germany to settle with his family and also in search of greener pastures. Last weekend the singer
Buganda Road Chief Magistrate’s Court has charged and remanded a man accused of being a fake doctor to Luzira prison over forgery of academic documents. Thirty-eight-year-old Ken Nyombi alias Innocent Ssemanda alias Samuel Alfred Teriyeitu or Fred Ssendi was arraigned on Friday befor
(Kampala) – Police in Uganda have arrested four teachers accused of sharing fake Primary Leaving Examination (PLE) papers online in exchange for money, and they are expected to face charges in court on November 5, 2024. Uganda’s Police Force has confirmed the arrest of four teachers invol
