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
Soroti City councilors have approved new rental charges for Soroti Central Market, aiming to resolve ongoing disputes between city authorities and vendors. During a special council meeting at city hall today, councilors agreed that vendors should begin paying the new rates to generate re
The East African Court of Justice (EACJ) kicked off its September session in Arusha this week after taking a break since May due to lack of funding. The judges started working on September 16, hoping to clear a backlog of cases by October 11. “Due to financial challenges, the cour
A teacher at Moroto Core PTC is urgently seeking assistance from well-wishers to cover Shs74 million in medical bills incurred after his wife underwent brain surgery at Mengo Hospital to remove a tumor. Mr John Dokolem, who has been a tutor at Moroto Core PTC since 1992, shared that he h
The Ugandan Mission in Abuja, Nigeria, is allegedly facing a financial crisis after its accounting officer, Mr Eriya Tusubira, was reportedly asked to return to Kampala. The Mission accuses Mr Tusubira of being absent from his post for more than six months and exhibiting unbecoming behav
The death of athlete Rebecca Cheptegei, who was doused in petrol and set ablaze by her former boyfriend, Dickson Ndiema Marangach, has renewed questions on governmentâs implementation of the Domestic Violence Act. The 33-year-old was last week buried in Bukwo District, days after Ma
Contributors to the National Social Security Fund (NSSF) can expect to receive more than the 10 percent interest they earned this year when the Finance minister announces the yield from the last financial year next week. NSSF managing director Patrick Ayota said at a news conference in
Police and other stakeholders have expressed concern over the rising number of road accidents in recent months that have claimed several lives and left others injured. Since the start of the year, police have reported an average of between 60 and 80 people dying in road accidents every w
Kampala, Uganda – Stanbic Uganda’s mother company—Standard Bank Group, which is also Africa’s largest bank by assets, has been recognised as one of Time Magazine’s World’s Best Companies and Newsweek’s World’s Most Trustworthy Companies. TIME and Newsweek are esteemed media organisat
Traditionally, investment clubs were small, community-based groups that met regularly to discuss opportunities and pool their resources into low-risk ventures. Today, this landscape has evolved. Modern investment clubs are now boldly pooling funds to venture into higher-risk assets and f
