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
Uganda is still at risk of violent extremism in defence of religion, ideology, and political goals, a new report released on September 18 shows. Violent extremism refers to the beliefs and actions of people who support or use violence to achieve ideological, religious, or political goals
(Kampala) – Uganda’s academic powerhouse, Kyambogo University, is making headlines for all the wrong reasons. The venerable institution, home to countless ambitious minds, is set to trim its staff of part time lecturers thanks to a staggering UGX 6.7 billion debt hanging over its head like a hea
On Bulabira 2 Road in Najjera, Kira Municipality, Wakiso District, a group of workers plant new seedlings in a bamboo nursery bed. Another group is busy loading and offloading briquettes made from bamboo trees. The workers are under Divine Bamboo Group Ltd founded by Ms Divine Nabaweesi.
The death on Monday of a nine-year-old boy in Kabale District after contracting rabies from a stray dog opens an old festering wound in the country. The boy died on a day his contemporaries returned to school to have a crack at the third and final term of their academic year in Primary Three
A new climate report has shown that Uganda has been steadily warming for the past 40 years to date. The report released by the Uganda National Meteorological Authority (UNMA) looks at Uganda’s climate from 1950-2023, where Uganda has been warming at the rate of around 2.6 degrees Celsi
Police and other stakeholders have expressed concern over the rising number of road accidents in recent months that have claimed several lives and left others injured. Since the start of the year, police have reported an average of between 60 and 80 people dying in road accidents every w
(Kampala) – The Uganda Revenue Authority (URA) has reported a surplus in revenue collections for the month of August 2024. The total revenue collected was UGX 2,345.04 billion, exceeding the target of UGX 2,316.85 billion by UGX 28.19 billion. This represents a performance rate of 101.22 percent
A new survey has found that Generation Z is at the forefront of taking mental health days, with almost half of Americans acknowledging that stress is a significant trigger for illness.Generation Z Leading the Way According to the survey conducted by Talker Research for Traditional Medicinals
