President Yoweri Museveni has directed the Bank of Uganda (BoU) to halt threats and directives aimed at forcing Savings and Credit Cooperative Organisations (Saccos) to apply for licences, arguing that the Central Bank should limit its role to oversight rather than direct control.The direc
Hajati Madina Nsereko is the Kawempe South Member of Parliament-elect. Running on the National Resistance Movement (NRM) ticket, Nsereko defeated candidates from both opposition parties and independents, securing victory in a constituency often viewed as competitive and politically diverse.
The Bank of Uganda (BoU) has reiterated that it remains the lawful supervisory authority over large Savings and Credit Cooperative Organisations (SACCOs), dispelling growing public misconceptions about changes in sector regulation.Mr. David Kalyango, the Executive Director for Supervision
A criminal on handcuffs (internet photo)A Turkish investor has fallen victim to a high-level fraud syndicate in Uganda, losing a staggering $4.95 million in a fictitious chemical supply deal allegedly linked to the Ministry of Energy and Mineral Developme
Have you ever imagined who the Kampala Creme stars crush on locally? In an engaging Q&A, they were asked to name their Ugandan celebrity crushes, and their responses and quite hilarious.MamidebA long time ago, I had
Ugandan Muslim pilgrims currently undertaking the Hajj in the Kingdom of Saudi Arabia have commended the Saudi authorities for their exceptional organisation and management of the annual Islamic pilgrimage.Speaking during a morning orientation session at their residence in Manazil Al Fath,
MultiChoice Uganda, the home of great TV and entertainment, has today announced
According to Hajji Karim Kaliisa, patron of Maqam Travels and Managing Director of Salam TV and Salam Charity, "We're thrilled to introduce the Black Umrah package, making it possible for everyone to visit the holy cities of Makkah and Madinah at an affordable price."
Imagine youâre running an asset financing business in Europe and think, âWhy not give East Africa a shot?â So you do the research, find the market, and discover real potential. Thatâs how Mogo Uganda, an asset-financing tech company, landed in Kampala. The
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
