The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu
The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom
Human rights activists have called for the implementation of non-custodial sentences to address Uganda’s prison congestion. The Commissioner of Prisons, Mr Apollo Baker Asinga, noted that between 2014 and 2015, the total prison population was about 42,619, but this number has since inc
Private school administrators have responded to mounting public outcry over what is perceived as unduly high tuition fees, attributing the costs to operational expenses. Although many administrators declined to provide a detailed breakdown of their expenditure, they pointed to utility bi
Of the few moments of regret that I carry in my heart, one relates to a moment etched indelibly in my head from over 30 years ago. It was, if memory serves me right, late 1988 or early 1989, and Mr Museveni was visiting Kamuli Boys Boarding Primary School where, the two regular readers of th
Dear Professor Jimmy Ssentongo, As a cultural institution representing the Bamasaba people, we have received a complaint from one of our clan members, Eric Joseph Sakwa, of Namwenula Village, Siu Clan, Mbale District. It concerns your recent public comments, in which you described him as a
In today's fast-paced world, securing a stable financial future is more important than ever. Whether it's planning for retirement or creating a well-balanced investment strategy, the need for expert financial advice is in high demand.Addressing Consumer Needs With a significant number of fin
Guest column: Providing Assistance for Suicide Prevention EffortsWorkers answer calls at Via Link, a crisis support line serving 10 parishes in the New Orleans area, back in 2018.Rising Suicide Rates Demand Action As Louisiana grapples with the tragic loss of 726 individuals to suicide in 20
President Museveni has underscored the critical role of peace and security in fostering business success. Addressing participants during the fifth Bi-Annual Private Sector CEO retreat in Kampala on Monday, the President emphasised that the absence of security impedes business operations.
Uganda has solidified its position as a hub for water and sanitation management in Africa by signing a historic host agreement with the African Water and Sanitation Association (AfWASA). The agreement establishes the African Water and Sanitation Academy (AWASA) in Uganda, marking a sig
