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
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
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
Kampala is projected to experience a population surge of at least 58 percent, growing from approximately four million to seven million by 2035, as detailed in the World Population Review based on the UN World Urbanisation Prospects. This report suggests that without appropriate interventions
For decades, Bukedi sub-region in Eastern Uganda was primarily known for cotton cultivation. However, fluctuating prices led farmers to abandon cotton in search of more viable alternatives. During the launch of the Bukedi Strategic Development Plan, leaders outlined coffee and cocoa as c
Uganda is still at risk of violent extremism in defence of religion, ideology, and political goals, a new report released on September 18 shows. Violent extremism refers to the beliefs and actions of people who support or use violence to achieve ideological, religious, or political goals
The prince (Issabalangira) of Bugabula chiefdom in Busoga Kingdom, Mr Moses Woira Mitala Kitimbo, has urged coffee farmers in Kamuli District to embrace the ongoing coffee registration exercise, which seeks to comply with European Union guidelines on exports. Uganda has up to December 30
Of the few moments of regret that I carry in my heart, one relates to a moment etched indelibly in my head from over 30 years ago. It was, if memory serves me right, late 1988 or early 1989, and Mr Museveni was visiting Kamuli Boys Boarding Primary School where, the two regular readers of th
Kampala Lord Mayor Erias Lukwago has has issued a directive halting the acquisition of alternative land for waste management. “I hereby invoke the powers of the Office of the Lord Mayor to direct that the processes for the acquisition of an alternative land for the establishment of
