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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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Rwanda becomes Uganda’s biggest sugar consumer in EAC

Rwanda becomes Uganda’s biggest sugar consumer in EAC

Rwanda has overtaken Kenya as Uganda’s biggest sugar export market in the East African Community. Data from Uganda Revenue Authority shows that in the nine months to September, Rwanda took 35.3 percent or 39.3 tonnes of sugar out of the 111.1 tonnes Uganda exported to the EAC Common

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50% of agribusiness loan requests rejected - BoU

50% of agribusiness loan requests rejected - BoU

Close to half of agricultural loan applications are rejected, data in the Bank of Uganda 2024 Annual Report shows. The report, which reviews different funds managed by the Central Bank, including the Petroleum Fund and the Small Business Recovery Fund, among others, indicates that in the

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New power tariffs excite Kalangala

New power tariffs excite Kalangala

Industrialists, cottage industry owners, and leaders in Kalangala District are optimistic about the newly-revised power tariffs announced by the Electricity Regulatory Authority (ERA). According to district leaders, the new tariffs on Buggala Island have been reduced by Shs275 for domest

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Family of maid who died in Saudi Arabia awarded Shs250m

Family of maid who died in Saudi Arabia awarded Shs250m

The family of a Ugandan woman who died and was secretly buried in Saudi Arabia where she worked as a domestic maid was yesterday awarded Shs250 million in damages. High Court Justice Boniface Wamala directed Horeb Services Uganda, a labour export firm, and its managing director, Ezra Mug

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From corporate to self -employment

From corporate to self -employment

Transitioning from a corporate job to self-employment is bold and challenging.  Stella Mugera: Pursuing passion Despite her fulfilling role as an economics policy analyst at the Uganda Local Governments (ULGA) Association, where she worked from 2008 to 2015, Mugera knew she wanted t

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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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Sebei elders on the spot over cashing in on defilement cases

Sebei elders on the spot over cashing in on defilement cases

Leaders in Sebei Sub-region have expressed concern that elders, in collusion with village chairpersons, are undermining efforts to combat teenage pregnancies and early marriages by informally settling defilement cases. According to the police, about 60 defilement cases are reported month

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Bobi Wine not serious enough to lead Uganda – Mpuuga

Bobi Wine not serious enough to lead Uganda – Mpuuga

The High Court issued a judgement over the issue of the service award, saying it was not a legal issue. What is your overall view on that? You read the reasoning of the court. It’s called the ratio decidendi in the legal language. The reasoning of the court dissects real issues from he

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Who will rescue Bukedi from the jaws of poverty?

Who will rescue Bukedi from the jaws of poverty?

The 2024 census puts Bukedi Sub-region’s population at 2,376,744, with women (1,206,825) outnumbering men (1,169,919). Tororo (609,117), Busia (412,018), Pallisa (330,961), and Butaleja (312,713) are the most populated districts in the sub-region. Other districts include Budaka (281,106),

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