Speaking at the Diaspora Exchange Forum hosted by Equity Bank, under the theme “Re-Routing Back Home: Funds Transfer for Powering Personal and Continental Growth,” Prof. Nuwagaba explained that the high cost of borrowing to develop electricity infrastructure makes lower electrici
There’s nothing worse than looking back at your life and realising you misused money that could have changed your future.Last week, we talked about giving your money a job. I hope your wallet had a productive week. But now, let’s talk about something even mor
Kampala's Lord Mayor, Erias Lukwago, has criticized President Yoweri Museveni's government for neglecting the city's development. This comes aft
KAMPALA, Uganda — Uganda’s construction sector is facing a financial crisis due to the government’s failure to pay UGX 1.351 trillion in arrears to road contractors, according to Francis Mwijukye, Shadow Minister for Works and Transport.
In a remarkable story of resilience and transformation, Joweria Kaweesi, an inmate at Luzira Women’s Prison, has defied the odds to become the only female prisoner to pass the 2024 Uganda Certificate of Education (UCE) examinations.
In a landmark ruling at the Nakasero-based Anti-Corruption Court, Justice Lawrence Gidudu sentenced Ronald Jimmy Ajuk, proprietor of Smart Parking Technology, to two years in prison.Ajuk was convicted of unlawfull
A report by the European Investment Bank indicates that excessive government domestic borrowing has severely impacted the private sector, with many borrowers left with no sources of credit. The report, titled: Finance in Africa, Unlocking Investment in an Era of Digital Transformation an
Uganda’s tea prices at the Mombasa Tea Auction have been holding steady for the past seven weeks, with the latest sale, Number 45, ending on November 5, 2024, at an average price of $1.02 per kilogram (around sh3,760). This price mirrors that of the past two weeks, indicating stability in the mark
By Ezra Suruma In 1986 when the National Resistance Movement captured the apparatus of government, coffee was by far the most important export product of Uganda. Coffee had enjoyed this supremacy since the 1950s when it overtook cotton as the most important “cash crop” and expo
The Ugandan government has presented a set of demands to the international community, including funding agencies, in response to the increasing burden of hosting refugees. Uganda currently hosts around 1.7 million refugees, straining the country’s resources as donor funding declines.
