Economy still faces several risks, says BoU
Bank of Uganda (BoU) has warned that there still exist risks such as geopolitical tensions, which could push up energy prices and freight costs, resulting in higher infla...
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Salim aims for bold, timeless elegance with personal flair
Salim Fidah Kyakwita, a rising star on the fashion scene in Uganda has carved a niche with his bold, authentic designs. His journey from being captivated by old films a...
High staff exits undermining banking sector stability, says BoU
Bank of Uganda (BoU) has said high staff turnover in some supervised financial institutions remained a key challenge in the year ended June 2024. The details, which are c...
Museveni wants law to regulate moneylenders
President Museveni has vowed to crack down on exploitative money lenders, who he said take advantage of ignorant and desperate people . The President said his government...
Government loans worth Shs13 trillion remain unutilised
The stock of unused external debt rose by $500m (Shs1.8 trillion) due to sluggishness in implementation of government projects, according to the Ministry of Finance Debt...
Queen Sheebah taking a break: Is it a Risky Move for Ugandan artistes?
September 25, 2024 | Ashraf Habib
Non-performing loans drop but credit extension remains subdued
The ratio of non-performing loans declined to 4.9 percent in the quarter ended June compared to 5.2 percent in March. In its Monetary Policy Report for the period ended J...
Government urged to put breaks on tax incentives to companies
Tax controversies have recently stirred debate across the country, with the country’s tax body – the Uganda Revenue Authority (URA)—and the National Treasury strugg...
Ugandans choosing MDIs over banks, UMRA reveals
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 sho...
State House Comptroller to Officiate the Launch of Nabagereka’s Obuntu Bulamu Initiative
The Nabagereka Development Foundation, spearheaded by the Nabagereka of Buganda, Sylvia Nagginda, continues its mission of reviving cultural values and traditions through...