Search Results

Excessive govt local borrowing starves private sector of credit 

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

Turkey: Farmer’s tale from hobby to thriving business

Turkey: Farmer’s tale from hobby to thriving business

Dr Gerald Akankwasa, a general physician at Mulago Hospital, started his backyard flock in Jokolera, Kasangati Town Council, Wakiso District, with just three turkeys in early 2023. Barely two years later, he now has more than 170 birds of different ages. And with his determination and in

Ultimate Uganda

Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

Uganda’s Tea Prices Reach $1.02 at Mombasa Auction

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

Ultimate Uganda

Who is elegible for Grow loans?

Who is elegible for Grow loans?

In August, women from as far as Jinja and Mityana districts, gathered at Hotel Africana for a knowledge-sharing day-long seminar for the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) grant.Vice President Jessica Alupo subsequently launched the project from the

Ultimate Uganda

Private sector players asked to invest in commercial animal feed production

Private sector players asked to invest in commercial animal feed production

The private sector has been called upon to invest in commercial feed and fodder production to meet the growing demand locally and internationally. Mr David Kalikowa, Senior Livestock Officer at the East African Community Secretariat, emphasised the importance of addressing the feed chall

Ultimate Uganda

Traders eye money as nsenene return just on time

Traders eye money as nsenene return just on time

Grasshoppers, locally known as nsenene, are here again. The nsenene usually appear around late October through November and part of early December. However, last year they delayed, which created anxiety among trappers and traders who always make a killing from selling the delicious insec

Ultimate Uganda

Traders in tears after Kigogwa fuel tanker explosion

Traders in tears after Kigogwa fuel tanker explosion

Several businesspeople in Kigogwa Town are counting losses after a fuel tanker exploded at a trading centre on Tuesday. The northbound tanker overturned before bursting into flames that engulfed the area, destroying several shops that included hardware, stationery, salons, and eateries,

Ultimate Uganda

Families deal with losses after Kigogwa tanker explosion

Families deal with losses after Kigogwa tanker explosion

A teenager who died while trying to rescue children who were caught up in the Kigogwa fuel tanker blaze has been described as selfless.  Joseph Muwonge, 19, chose not to run away from the inferno on Tuesday evening as five children caught in the crosshairs cried out for help. The childr

Ultimate Uganda

Uganda, China sign deal to boost farming

Uganda, China sign deal to boost farming

The Ministry of Agriculture, Animal Industry, and Fisheries (Maaif) has signed a memorandum of understanding (MoU) with China Communications Construction Company (CCCC) to enhance Uganda’s agricultural capacity. The move aims at the development of post-harvest handling infrastructure,

Ultimate Uganda

Kisubi Mapeera school dreams big as it turns 25

Kisubi Mapeera school dreams big as it turns 25

Kisubi Mapeera Senior Secondary School is one of the best schools in Wakiso District, known for its academic success and holistic development, thanks to the unwavering leadership of Joseph Ddamulira Kawuma. DM bodytext: Over the past 20 years, he has transformed a fledgling institution, whic

Ultimate Uganda