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UBA inducts over 3200 young professionals under GMAP initiative

UBA inducts over 3200 young professionals under GMAP initiative

Africa’s Global Bank, United Bank for Africa (UBA) Plc, continues to make significant impact in birthing the next generation of banking and finance professionals on the continent through its Graduate Management Acceleration Programme (GMAP) which to date has produced over 3,222 young

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Princess Andre poses with Rihanna waxwork instead of dad Peter's

Princess Andre poses with Rihanna waxwork instead of dad Peter's

Princess Andre left her dad slightly green with envy on Thursday, as she visited London's Madame Tussauds to see a slew of waxw

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How California's Proposition 36 Changed Shoplifting for Two Thieves

How California's Proposition 36 Changed Shoplifting for Two Thieves

The Seal Beach Police Department in California released video footage of how the newly passed Proposition 36 changed shoplifting for two alleged thieves accused of stealing hundreds of dollars worth of merchandise.Why It MattersThe incident under

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VIDEO: New details of how govt slept on job ahead of Kiteezi dumpsite collapse

VIDEO: New details of how govt slept on job ahead of Kiteezi dumpsite collapse

On October 4, the Electricity Regulatory Authority (ERA) published in this newspaper a “notice of intended application for licence” for the development of the proposed 20 Megawatts waste-to-energy power plant in Ddundu Village in Kyampisi Sub-county, Mukono District. The notice, a pr

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Why Black Friday is becoming a calendar event in Uganda

Why Black Friday is becoming a calendar event in Uganda

Black Friday in developed economies such as the United States has since become a calendar event in several countries across the globe, especially Africa.  This year it will kick off November 29, unofficially marking the start of the Christmas shopping season not only in the United State

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Kyotera leaders up in arms over delayed market works

Kyotera leaders up in arms over delayed market works

Local leaders in Kyotera District have tasked the government to explain the delayed commencement of the Mutukula Regional Market which has failed to take off four years after a foundation stone was laid. The Shs2 trillion project had started in 2020 but stalled a few months due to the Co

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Happy Independence Day, but our work is still cut out

Happy Independence Day, but our work is still cut out

As Uganda marks 62 years of flag Independence today, the vibrant civic society we once hoped would shape our shared life after the Union Jack was lowered remains elusive to this day. The answer to a seemingly simple question, that is: who exactly are we, is not quite forthcoming.  Often

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Who holds the largest share of govt's domestic debt

Who holds the largest share of govt's domestic debt

Commercial banks hold the largest share of government’s domestic debt, according to the Debt Statistical Bulletin and Public Debt Portfolio Analysis by the Ministry of Finance. The analysis, which seeks to provide accurate and timely debt statistics, crucial for assessing the country

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Vision Group's Shs25b share sale explained

Vision Group's Shs25b share sale explained

On September 24, Vision Group, which is listed on Uganda Securities Exchange as New Vision Publishing and Printing Company Limited, told each of its shareholders in a notice that it had reached an understanding with the government about an intervention to take on a new type of shares in addi

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Non-performing loans drop but credit extension remains subdued 

Non-performing loans drop but credit extension remains subdued 

The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which

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