Enforcement of publicly funded projects and related investment is underperforming, according to National Planning Authority (NPA). The NPA assessment report further discloses laxity in the manner in which development projects, the majority of which are funded by international partners an
The annual debt statistical bulletin and public debt portfolio analysis by the Ministry of Finance indicates that the stock of domestic debt rose from Shs34.5 trillion in June 2023 to Shs40.6 trillion in June 2024, representing a growth of 5 percent. The increase represents a rise of dom
(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
(Beijing) – China’s Xi Jinping. Xi, always eager to flaunt China’s never ending fountain of flowery words, penned a letter (“special” birthday message) that, quite frankly, could put anyone to sleep faster than a lullaby. This message was not just a simple “happy birthday.” This
The International Monetary Fund (IMF) has said the political and economic contexts in Uganda are predictable and stable, and that the debt is sustainable, which puts the country in a better position for development. âThe macroeconomic environment is not without challenges, with high
There was outrage on social media after Multichoice Uganda subscribers learnt that the service provider had hiked its premium contentâs pricing for DStv and GOtv once again as it struggles to balance its costs with the fast-shrinking market. The price increments average 3
In a world where financial realities can easily get buried under mounting credit card debt, one mother, Jenny Bauman, found herself deep in the trenches of debt accumulation. Living in a Bubble: Bauman, 45, enjoyed the comfort of a 3.75% mortgage while grappling
Since its inception in 2020, the National Unity Platform (NUP) has turned introduction ceremonies (customary marriage) in its Buganda cradle into spaces used to spread its gospel of change. Whilst historically an introduction in Buganda has always been an apolitical ceremony for a few
Retail credit card interest rates have reached an all-time record, according to new data from Bankrate.The average APR for retail credit cards is 30.45% this year, which is up from 28.93% a year ago, 26.72% two ye
A water cannon salute went off at about 6:25pm Nigerian time on Thursday, as the Uganda Airlines aircraft touched ground at the Nnamdi Azikiwe International airport, in Abuja, marking a historical first direct flight between Entebbe and Abuja for Uganda’s
