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Govt pushes for mindset change among PDM beneficiaries

Govt pushes for mindset change among PDM beneficiaries

Government has tasked Enterprise Uganda to drive mindset change among Parish Development Model (PDM) beneficiaries to maximise benefits in the programme that has been ongoing for about three years. Speaking on the sidelines of a week-long training for PDM beneficiaries in the Teso sub-re

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

IGG recovers Shs2.3b in confiscated assets of thieving public officials

IGG recovers Shs2.3b in confiscated assets of thieving public officials

The Inspectorate of Government was able to recover Shs2.3b in confiscated assets of thieving public officials in the first half of the year, compared to the Shs15.7b marked for recovery. The revelation was made by the Inspectorate of Government, Ms Beti Kamya, while presenting the bi-ann

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High staff exits undermining banking sector stability, says BoU

High staff exits undermining banking sector stability, says BoU

Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are contained in the Bank of Uganda 2024 Annual Report, indicate that high staff turnover, which has remained unique to som

Ultimate Uganda

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

Ultimate Uganda

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

Ultimate Uganda

Kiruhura introduces cow dung fees in major revenue hunt

Kiruhura introduces cow dung fees in major revenue hunt

Kiruhura District Chief Administrative Officer (CAO) Charles Nsubuga Kiberu has instructed all sub-county chiefs and town clerks to start collecting a cow dung loading fee “to boost local revenue collections.” In a September 23, 2024, circular, Nsubuga instructed the leaders to start

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From childhood friends to lifelong partners

From childhood friends to lifelong partners

“The first time I set my eyes on him, he was playing the drums at church. He had the most charming and calm smile I have ever seen. His zeal to serve the Lord and Christ-like character kept drawing me to him,” reveals Hope Lilian Nelomi, on what she says was love at first sight for Ephra

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