The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
President Joe Biden heads to South America this week for a curtain call with global leaders after over 50 years in U.S. politics, but the man he tried and failed to keep from returning to power is likely to be the focus of many meetings: incoming President Donald Trump. Biden will hold
The lively atmosphere at Hajj Hussein Ssengendo’s home in Masaka City’s suburb of Soweto, is a reflection of a man who has lived his life to the fullest. The home has all that an ageing senior citizen should have for life to move on. “At this age of 99, I actually have nothing
Police in North Kyoga Region have arrested seven clan members in connection with a revenge attack following the death of Dickens Odongo, a local businessman in Lira City. Odongo was allegedly shot dead on October 29, 2024, by a private security guard deployed at Navroz Supermarket on Olw
The controversy surrounding human body parts recovered last Friday night in the middle of the road in Masaka City has taken a new twist with police handing them back to medics. News about these human body parts emerged after SGA Security Company guard Bernard Okello, riding a motorcycle,
Archbishop of Canterbury Justin Welby resigned "in sorrow" on Tuesday, saying he had failed to ensure there was a proper investigation into allegations of abuse by a volunteer at Christian summer camps decades ago. Welby, the senior bishop of the Church of England and spiritual leader of
The theory that James Hewitt is Prince Harry's dad has been rumbling on for decades - but what's the evidence to suggest it is true and why do people keep talking about it?The rumours have been swirling for decadesThe long-standing speculation th
As it became clear that Donald Trump had landed the US presidency for the second time, leaders from across Africa began tweeti
Financial technology company, Mogo, has said it has obtained a loan facility from Absa to ease access to electric motorbikes. The company, which indicated that it had previously benefited from Absa’s financing at the group level, said the first tranche of Shs5b had been disbursed.
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and discover real potential. Thatâs how Mogo Uganda, an asset-financing tech company, landed in Kampala. The
