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
Soroti City councilors have approved new rental charges for Soroti Central Market, aiming to resolve ongoing disputes between city authorities and vendors. During a special council meeting at city hall today, councilors agreed that vendors should begin paying the new rates to generate re
(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
A teacher at Moroto Core PTC is urgently seeking assistance from well-wishers to cover Shs74 million in medical bills incurred after his wife underwent brain surgery at Mengo Hospital to remove a tumor. Mr John Dokolem, who has been a tutor at Moroto Core PTC since 1992, shared that he h
Residents affected by the planned expansion of the Soroti Flying School airstrip are demanding that the Uganda Civil Aviation Authority (UCAA) remove mark stones planted on their land prior to any community consultations. Three weeks ago, UCAA began placing mark stones in Madera Cell, So
(Kiryandongo) – The Karuma Bridge will be closed to all traffic for three months starting September 23, according to Uganda’s Minister for Works and Transport, Gen. Edward Katumba Wamala. This closure is part of a major restoration project aimed at enhancing the safety and durability of the brid
Eighteen districts under the Lake Kyoga Integrated Management Organisation (LAKIMO) are urging the government to offer alternative livelihoods to fishing communities affected by ongoing oil exploration activties in the Lake Kyoga basin.Earlier this year, Mr Joshua Lukaye, Acting Assistant
VisionFund Uganda has opened an office in Iganga District, Eastern Uganda, making it the first in Busoga Sub-region and bringing the total number of branches to 24 and seven field offices.Previously, VisionFund Uganda customers from Busoga travelled to either Tororo, Mbale and Soroti distr
The amount of money that the Uganda Electricity Transmission Co Ltd (UETCL) spends to transmit electricity has significantly risen due to an ageing grid, a 2023 value-for-money audit by the Auditor General (AG) has revealed.The audit shows that the actual expenditure for some of the activi
The Ugandan government is proposing to create more new cities amid concerns that the nine cities, which were created in 2020, are already crippling financially and operating under numerous challenges.The Constitut
