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Excessive govt local borrowing starves private sector of credit
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
Ultimate Uganda
Tycoon Rajni Tailor faces jail over Shs148m rent arrears
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
Ultimate Uganda
Speaker Among rallies states to fast-track EAC integration
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
Ultimate Uganda
Breaking the silence: Empowering communities to take control of diabetes
Commemorated on November 14 every year, World Diabetes Day unites global leaders, medical professionals, advocates, and communities to raise awareness and promote action against the growing epidemic. The 2024-2026 theme, "Diabetes and Well-Being," emphasises the importance of holistic self-c
Ultimate Uganda
Seven die after taxi rams into stationary cane truck in Jinja
At least seven people have been confirmed dead in a road crash that occurred along Jinja-Iganga highway in the wee hours of Thursday morning. The fatal accident occurred in the Kakira sugarcane plantation when a commuter taxi hit a stationary truck loaded with sugarcane. According
Ultimate Uganda
CSOs call for rationalisation of local govt, Parliament
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
Ultimate Uganda
Absa in push to ease access to electric motorcycles
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.
Ultimate Uganda
Trump in phone call advises Putin not to escalate in Ukraine
U.S. President-elect Donald Trump spoke with Russian President Vladimir Putin and advised him not to escalate the Ukraine war, a source familiar with the conversation told Reuters on Sunday, as President Joe Biden plans to urge Trump not to abandon Kyiv. Trump and Putin spoke in recent d
Ultimate Uganda
Will Opposition politicise coffee during 2026 polls?
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