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
The Parliament has passed a law mandating the Minister of Finance to prescribe a maximum interest rate that money lenders may charge their borrowers. Not surprisingly, the moneylenders’ association has “rejected” the new law, arguing that the government has no right to control what doe
A United Nations Security Council committee on Friday sanctioned two generals in Sudan's paramilitary Rapid Support Forces for destabilizing the country through violence and human rights abuses. They are the first U.N. sanctions in the current war in Sudan, which erupted in April 2023 fr
The identities of the men and women in civilian clothes who raided Parliament chamber and grabbed some MPs after lights were switched off remain contentious. Six MPs were seized, pushed, and carried off from the floor of Parliament soon after Speaker Annet Among suspended 12 legislators
The programme’s focus was to equip students with relevant skills to hit the ground running and build real-world projects right from the start. Most importantly, the programme did not only focus on technical skills but also critical issues such as ethics in AI. As she delivers her gradu
Back in the 1990s, Uganda adopted several reforms. One of them was creation of semi-autonomous agencies. The architects of these (largely donor-driven) reforms promised enhanced efficiency and State capacity to deliver services by sidestepping bureaucracy in the mainstream ministries. Th
Bank of Uganda has said in its monetary policy report of October 2024, which it released on Monday that in the three months to September 2024, the shilling appreciated by 1.9 percent, which indicates that Uganda’s domestic financial market has continued to remain stable. The appreciati
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
A high-stakes meeting between President Yoweri Museveni, ministers and NRM MPs, and NRM-leaning independent MPs from Lango took place at State House, Entebbe on Friday 18th October, 2024.The seven-hour discussion
Insurance companies recorded an increase of Shs104.9b in gross written premiums in the first half of 2024. Details contained in the Insurance Regulatory Authority (IRA) performance report indicate that the sector expanded by 12.65 percent from Shs828.9b recorded in the half year ended Ju
