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Foreign reserves fall to all time low

Foreign reserves fall to all time low

High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa

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At 62: Singapore innovates, Uganda struggles with waste

At 62: Singapore innovates, Uganda struggles with waste

The 62nd independence event is happening when Uganda’s economy is ailing with a worsening trade deficit at $ 247.93 million as of June 2024. This is in addition to projected debt by the International Monetary Fund (IMF) of $993 million, increasing inequalities in all forms, unemployment,

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Tugende Mu Kikadde: Where nostalgia meets modernity

Tugende Mu Kikadde: Where nostalgia meets modernity

It is said old is gold, and music precisely does it in a special way because it evokes nostalgic memories of moments in time in our past. But lately, old music seems to transcend beyond age segments as young folks are seen capturing videos of themselves joyfully and playfully dancing on TikT

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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

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Hon. Muheesi Praises Development Efforts in Kazo, Emphasizes Shift to Money Economy

Hon. Muheesi Praises Development Efforts in Kazo, Emphasizes Shift to Money Economy

Kazo District is experiencing a transformative period as efforts to uplift its people from a subsistence economy to a money economy gain momentum. In her latest statement, Hon. Jennifer Muheesi highlighted key initiatives aimed at improving livelihoods, with a special focus on coffee farming

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Museveni wants law to regulate moneylenders

Museveni wants law to regulate moneylenders

President Museveni has vowed to crack down on exploitative money lenders, who he said take advantage of ignorant and desperate people . The President said his government would push for the enactment of a law to fight the vice. “Money lenders are becoming a problem. They go to our v

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Retired civil servant gives hope, education to children with hearing impairment

Retired civil servant gives hope, education to children with hearing impairment

Many children with hearing impairment in villages across Bukedi Sub-region face significant challenges in accessing education. In response to this need, 70-year-old Sam Kateu, a retired civil servant who once worked as a procurement officer at the Ministry of Works, established Kavule Pa

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Tooro tea farmers frustrated as prices remain low

Tooro tea farmers frustrated as prices remain low

Uganda's tea industry saw a slight price surge at the recent Mombasa Tea Auction, with the national average climbing to $0.98 (Shs3,605.45) per kilogramme, up from $0.87 (Shs3,200) in August. The recent auctions at the Mombasa Tea Auction, closing on September 17, revealed a notable incr

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Museveni can only become a King David, not Amin

Museveni can only become a King David, not Amin

Whenever President Museveni denounces Idi Amin, labelling him an 'idiot', it rekindles debates about the parallels and contrasts between these two prominent figures in Uganda's political history. Amin has globally been clustered in a band of brutal leaders like Adolf Hitler who was the maste

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Knowing we deserve better is a great thing

Knowing we deserve better is a great thing

If you have heard Hon Norbert Mao speak, whether at a funeral service or graduation ceremony, you will admit that there is a good connection between a head and mouth that rarely goes wrong. Like him or not, this is something you give to him without a grudge. Strangely, that has never transla

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