Uganda has eagerly awaited large-scale production from its state-owned auto plant, which some peg to be a high financial risk before it breaks even. Kiira Motors Corporation’s executives intend to produce 5,000 vehicles annually, mostly buses, to advance sustainable mass transit option
His Highness Dr. Eng. Moses Michael Odongo Okune has called on all people of the Lango sub-region to prepare for a magnificent coronation ceremony that will showcase the Lango tribe to the world for the first time. Speaking to a reporter on Tuesday in a telephone interview, Dr. Okune revealed
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 countryâ€
Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel
If you had Shs100m in savings, where would you invest it? Would you consider safety first or simply dive into government bonds, or venture into stocks? Maybe your hard-earned savings could find a cosy home in real estate or leave it with the National Social Security Fund (NSSF) and forget ab
A client has accused DFCU Bank of forcing him to pay their initial 13 year mortgage loan in only two and a half years but only to hold onto his property titles.
Kampala Lord Mayor Erias Lukwago has asked the Inspector General of Government (IGG) to make public the findings of the Kiteezi garbage heap disaster, which led to the sacking of top executives of Kampala Capital City Authority (KCCA). President Museveni on September 24Â fired KCCA Execu
The sacking of Ms Dorothy Kisaka as executive director of the Kampala Capital City Authority (KCCA) was not a surprise to many Ugandans. Critics say it had only been a matter of time. Ms Kisaka assumed office on July 23, 2020 following an initial recommendation by President Museveni
Contributors to the National Social Security Fund (NSSF) will receive 11.5 percent interest they earned this year, Finance minister Matia Kasaija announced Thursday. "As per Section 36(2) of the NSSF Act (Cap 230), for the Financial Year 2023/24, I declare an interest rate of 11.5 percen
The Ugandan shilling and stock market experienced slight improvements on Wednesday, with modest gains recorded in both sectors. The shilling closed the day stronger at 3688/3698, up from its opening position of 3695/3705, while trading at the Uganda Securities Exchange (USE) saw five counters involv
