BoU Pushes New Credit Rules to Unlock Loans for Every Ugandan
David Kalyango, the Executive Director of Supervision at the Bank of Uganda, explained the vision: ensuring that every Ugandan, no matter their type of work, can access c...
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Uganda’s rising debt, shrinking lives
How government’s borrowing spree is leaving citizens bearing the country.At dawn, the roar of engines rises above the quiet streets of Entebbe as David Tumusiime, 47, p...
Parliament to Approve Shs8.2 Trillion Borrowing Amid Soaring Public Debt
Parliament is today set to authorize a staggering Shs8.2 trillion in new borrowing, a move that signals the nation’s spiralling public debt already at Shs116.2 trillion...
Why Uganda’s oil refinery remains behind schedule
An artistic impression of an oil refinery. Uganda hopes to complete construction of a 60,000 barrels/day refinery by 2030. COURTESY IMAGE/PETROLEUM AUTHORITY OF UGANDA.De...
Court of Appeal Clears Vantage Fund to Enforce $10m Loan Against Bitature’s Simba Companies
“The mere act of lending money without a physical address in Uganda does not create an obligation for the appellant as a foreign lender to register. The appellant has a...
Minister Kyofatogabye Urges Public Sensitisation in Fight Against Counterfeit Motorcycles
The State Minister for Kampala, Kabuye Kyofatogabye, has called on the public to join the fight against counterfeit motorcycles and spare parts.He said the best tool in t...
Museveni Hails Emyooga Sacco Success in Nakawa, Pledges More Support
President Museveni has met with beneficiaries of the Emyooga SACCO initiative in Butabika and Mutungo, Nakawa Division, commending their progress and reaffirming governm...
Tycoon Meddie Ssebagala’s Electronics Empire Faces Collapse Over Shs 1.2 Billion DTB Loan
Prominent businessman Muhammed Ssebagala, proprietor of Ssebagala & Sons and owner of the Light of the World Electrical Shops in Kiyembe, is staring at the collapse of hi...
The Rise And Fall Of The Aponye Business Empire: From Agro Giant To Debt Distress
For decades, the name Aponye stood tall in Uganda’s business circles, synonymous with agro-processing success, expansive real estate investments, and strategic govern...
Inside Government’s New Pay Deal for Arts Teachers
Following weeks of a sit-down strike that left arts lessons suspended across many government secondary schools, Government has come out with a new plan aimed at addressin...