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Excessive govt local borrowing starves private sector of credit
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
Ultimate Uganda
Nyege Nyege festival kicks off in Jinja
The renowned Nyege Nyege International Cultural Music Festival has commenced in Jinja City, bringing with it a vibrant atmosphere and economic potential. This ninth edition is being held at the Jinja Golf Course field, drawing both local and international attention. Jinja traders are eag
Ultimate Uganda
Kadaga, Busoga clerics clash over Nyege Nyege fete
Jinja-based Born Again pastors have joined Busoga East Diocese Bishop Paul Hannington Suubi to protest the hosting of the forthcoming Nyege Nyege Music festival in the area. The International Nyege Nyege Music Festival is scheduled for November 14 to 17 at the Jinja Golf Ground in Jinja
Ultimate Uganda
US election: What Kamala or Trump win means for rule of law
The United States of America today closes elections to pick its president for the next four years. Although millions of voters have voted early, millions more will vote in person today. The two contenders are, Republican Party candidate Donald Trump, a former president who was defeat
Ultimate Uganda
We should create markets we have control over, says Rwabwogo
The Presidential Advisory Committee on Exports and Industrial Development chairman, Mr Odrek Rwabwogo has said Uganda should create markets that it has control over. Speaking during a press briefing to announce the outcomes of the Pan-African Congress Business Forum, Mr Rwabwogo said the
Ultimate Uganda
Kamuli priest explains low Catholic census numbers
The Dean of Kamuli Deanery and Parish Priest of Kamuli, Rev Fr Benedict Wakabi Kyumakiyaka, has explained why the number of Catholics in the country reduced over the past 10 years, according to the released Uganda National Population and Housing Census 2024 main census report. The findin
Ultimate Uganda
Museveni preaches unity at prayer breakfast meet
President Museveni has rallied religious leaders to preach and promote unity in the country as opposed to discriminatory messages made against traditional healers. In his brief message delivered at the 26th National Prayer Breakfast held at State House Entebbe yesterday, Mr Museveni disc
Ultimate Uganda
US ‘Welcome Corps’ Helps Resettle LGBTQ+ Refugees Fleeing Crackdowns Against Gay People
SAN FRANCISCO (AP) — Cabrel Ngounou’s life in Cameroon quickly unraveled after neighbors caught the teenager with his boyfriend. A crowd surrounded his boyfriend’s house and beat him. When Ngounou’s family learned of the relationship, they kicked him out. He fled — alone and with little mo
Ultimate Uganda
Uganda has navigated post-Covid-19 recovery well, says IMF
The International Monetary Fund has said Uganda has navigated post-Covid-19 recovery well due to sound macroeconomic policies.The country’s economic recovery, the IMF noted in a statement is strengthening, chara