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Wealth-Building 101: Golden rules of investing

Wealth-Building 101: Golden rules of investing

As you near retirement age or contemplate an early retirement, you are faced with significant decisions that bring various financial concerns to the forefront. You might find yourself wondering, "Will I be able to maintain the lifestyle I desire in retirement?" or "What amount can I comforta

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Coffee boom in the eyes of Buganda Kingdom

Coffee boom in the eyes of Buganda Kingdom

Coffee, a long-cherished perennial crop, has for decades been the backbone of household incomes in some parts of Uganda. Today, coffee is at the centre of regulatory policies and renewed campaigns targeting both sustainable production and output. The Uganda Coffee Development Authority (

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Kizza move reflects growing free transfer problem

Kizza move reflects growing free transfer problem

Mustafa Kizza became the latest Ugandan player to find a new home abroad after joining Egyptian second-division side Telecom. However, his transfer follows a trend that should raise a concern within the local football ecosystem. Kizza’s transfers have been both interesting and controve

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Ssenyonyi wants probe into Shs550b Atiak sugar deal

Ssenyonyi wants probe into Shs550b Atiak sugar deal

The Leader of Opposition in Parliament (LoP), Mr Joel Ssenyonyi, has tasked the government to conduct a comprehensive audit to establish how Shs553.71 billion that has been pumped into Atiak Sugar Factory was utilised, saying there is little to nothing on ground to show for the money. Fo

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Why poor people need insurance more than the rich   

Why poor people need insurance more than the rich   

When you talk about insurance, what runs through the minds of many Ugandans, is an imaginary image of a wealthy person, cushioning his property or the health of his family members.However, a section of experts in insurance industry have argued that the poor need insurance services more than

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Bunyoro Kitara king discharged from hospital

Bunyoro Kitara king discharged from hospital

The Omukama (King) of Bunyoro Kitara, Dr Solomon Gafabusa Rukirabasaija Agutamba Iguru I, has been discharged from the hospital after receiving treatment for a deteriorating health condition. The King was airlifted last Thursday in a military helicopter to Kampala, where he received care at

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Parliament summons Finance, AG over Roko’s Shs260b bailout

Parliament summons Finance, AG over Roko’s Shs260b bailout

Two years after government voted to invest more than Shs266 billion in Roko Construction Company, concerns are growing that if not closely monitored, this may turn into another huge loss to the taxpayer. Parliament now wants the government through the Ministry of Finance, Planning and Ec

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Tourism board, hotel owners lock horns over new licences

Tourism board, hotel owners lock horns over new licences

Hotel owners across the country have protested a move by the Uganda Tourism Board to shut down accommodation facilities that are not licensed by the board to operate. The board, that by the law, regulates the hospitality sector issued a warning that those facilities operating without a l

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How Rigathi Gachagua reshuffled his chefs to guarantee food safety

How Rigathi Gachagua reshuffled his chefs to guarantee food safety

Sometime in July, Deputy President Rigathi Gachagua refused to have meals and drinks prepared by state-assigned staff at his official residence in Karen. Instead, Mr Gachagua would eat food prepared at his private home in Karen by his wife, Dorcas. The meals would be delivered to his off

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Mobile phone subscribers now spending more on data than calls

Mobile phone subscribers now spending more on data than calls

Mobile phone subscribers in Uganda are now spending an average of Shs13,365 per month on mobile phone services, according to a report by Uganda Communications Commission (UCC). The report, which reviews the quarterly performance of the telecommunication sector, indicates that the average

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