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
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
(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
(Kamuli) – Kamuli, the land of rice fields and sugarcane is a place where neighbors know every detail of each other’s lives, Siraji Nsadha’s Tuesday morning was nothing short of a bad episode from a local drama. The 40 year old man from Bumbya-Bulungu zone, Namasagali, thought he was returning
(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
On Bulabira 2 Road in Najjera, Kira Municipality, Wakiso District, a group of workers plant new seedlings in a bamboo nursery bed. Another group is busy loading and offloading briquettes made from bamboo trees. The workers are under Divine Bamboo Group Ltd founded by Ms Divine Nabaweesi.
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
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
(Kampala) – The Uganda Revenue Authority (URA) has reported a surplus in revenue collections for the month of August 2024. The total revenue collected was UGX 2,345.04 billion, exceeding the target of UGX 2,316.85 billion by UGX 28.19 billion. This represents a performance rate of 101.22 percent
(Kampala) – Robert Kyagulanyi, aka Bobi Wine, has thrown down the gauntlet to President Yoweri Museveni. During a press briefing at the National Unity Platform (NUP) headquarters in Kavule on September 16, 2024, Bobi Wine responded to Museveni’s claim that NUP cheated by a cool one millio
