The Executive Director Uganda Microfinance Regulatory Authority (UMRA) says 86 percent of the borrowing in Uganda is happening in the Tier IV sector “A recent study shows that most Ugandans have ditched banks for Microfinance Deposit-taking Institutions (MDIs),” Ms Edith Namugga Tusu
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
Wealth creation refers to the process of investing your savings to grow your wealth by choosing investments that align with your financial goals. The modern approach to wealth creation of budgeting and saving builds wealth through a variety of methods using financial products. Certainly, whe
Teachers in Namutumba District are appealing to the government for scholarships to pursue degrees. In 2019, the government introduced a transformative teacher policy that phased out lower qualifications, mandating that all teachers, from nursery to primary levels, hold a Bachelor's degre
Private school administrators have responded to mounting public outcry over what is perceived as unduly high tuition fees, attributing the costs to operational expenses. Although many administrators declined to provide a detailed breakdown of their expenditure, they pointed to utility bi
(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
(St. Petersurg, Russia) – Uganda’s Vice President Jessica Alupo recently praised Russia at the 4th Eurasian Women Forum, held in Saint Petersburg. While Ukraine’s skies are lit up with Russian missiles, Alupo was busy applauding Russia’s commitment to “peace, security, and development.”
(Jinja) – If there is one thing Ugandans know how to do well, it is survival by any means necessary. But Engineer Stephen Bogere, the pride of Jinja, and his trusted dog handler, Wycliffe Ntende, might have taken this survival instinct a bit too far. The duo found themselves on the wrong side of t
Deputy Speaker of Parliament Thomas Tayebwa on Tuesday led the House in congratulating President Museveni for marking 80 years, with the Kira Municipality legislator, Mr Ibrahim Ssemujju Ngada, demanding that the Head of State be subjected to frequent medical check-ups about his ‘fitness
An ancient African tree has emerged as a new 'superfood,' revolutionizing the lives of local harvesters struggling to survive in the face of climate change-induced challenges. The baobab tree, famously known as the “tree of life,” has become a key player in the growing global market for natural
