The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended June, Bank of Uganda indicated that the decline was largely registered among shilling-denominated facilities for which
Vision Group, which produces newspaper and broadcast titles including New Vision and Bukedde, among others, has told shareholders that it has reached an understanding in which government will acquire more 156.25 million shares to bolster its operating capital. The company, listed on the
The Kiteezi landfill tragedy is a few days shy of a two-months anniversary. The grief is still too raw for survivors and bereaved families. The gut-wrenching calamity befell residents of Kiteezi in Wakiso District on August 10, claiming the lives of more than 35 people and destroying pro
The United Nations High Commission for Refugees (UNHCR) Country Representative, Mr Matthew Crentsil, has expressed optimism that the refugee response in Uganda will be funded amid mounting concern of unprecedented shortfalls in funding. Mr Crentsil said while there was heightened apprehe
President Museveni has fired Kampala Capital City Authority (KCCA) executive director Dorothy Kisaka, her deputy Eng David Luyimbazi and the director of Public Health Dr Daniel Okello over Kiteezi landfill collapse that left 35 people dead and several others missing. “In a decisive
With the beginning of the third term a couple of weeks ago, the pressure to deliver results for the learners, teachers and even parents is at an all-time high. This is a promotional term and for all and for primary seven, Senior Four and Senior Six students is the term that national exams wi
A group of South Sudanese lawyers filed a case to the country's top court on Monday challenging the president's postponement of elections and extension of the transitional government's term for two years. Ten days ago, President Salva Kiir's office announced an extension of the transitio
Fufa Vice President Justus Mugisha has stressed the importance of upgrading football pitches across the club homes noting that pitch improvement is crucial for developing football talent. Speaking at the 11th Annual General Meeting (AGM) of Fufa Super League Limited, held at HB Hotel in
Iganga-based Busoga University is conducting lectures despite the revocation of its licence seven years ago, Daily Monitor has learnt. The University, which was founded in 1999, had its licence revoked in 2017 by the National Council for Higher Education (NCHE) for allegedly lacking qu
Moses Lokiru, Moroto – The mineral inspector of Karamoja, Mr. Gerald Eneku, is currently facing intense threats to his life from police officers attached to the mineral unit in Karamoja. On Sunday, Mr. Eneku narrowly escaped an assassination attempt by disgruntled mineral police officers wh
