The Bank of Uganda (BoU), the country’s Central Bank says that Non-Performing Loans (NPLs) are likely to rise further through 2022. A Non-Performing Loan (NPL) is a loan in which the borrower is in default and hasn’t made any scheduled payments of principal or interest for a certain period of time. In
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The Deputy Resident City Commissioner for Jinja City South Division, Mike Ssegawa (pictured) has urged all people coming to enjoy Jinja City hospitality to be conscious of the rise in Covid-19 cases in some pockets of the country. “Even if Jinja City remains safe for now, we should ensure it remains so for many
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Fred Ejolu- the UNDP Partnerships, Innovation and Development Solutions Specialist Focal Point, Accelerator Lab at UNDP, Dorah Bazirake- Chief Operations Officer Jumia Uganda, Alexander Bagonza aka APass, Amos Wekesa and Ron Kawamara, CEO Jumia Uganda during the Jumia 10 year anniversary partners and vendors appreciation party held at Jumia's Head Office
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Twesige in casual ware at St Peters & Paul’s primary school in Fort portal Brian Twesige, 14, was recognized as the youngest pilgrim at the Namugongo martyrs shrine. The teenager braved the long walk from Fort Portal tourism city in Kabarole district to Namugongo shrine for prayers in Wakiso during
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The Deputy Speaker (R) and MPs Keefa Kiwanuka (3rd, R) and Nathan Igeme Nabeta (2nd, R) with the promoters of Zaabu Deputy Speaker Thomas Tayebwa has interested Ugandans into investing in the stock markets, saying that this will facilitate the money multiplier effect while avoiding business losses. “There are
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Hon. Ssenyonyi chairing Cosase which heard that ULC officials sought bribes from claimants Officials at the Uganda Land Commission (ULC) have been accused of asking for bribes in order to pay out compensation for land. Geoffrey Mugisa, one of the registered proprietors and claimants of the Shs10.6 billion supplementary budget
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The Leader of Opposition, Mathias Mpuuga (pictured) has defended the decision by Parliament to request for more funds for allowances of MPs, arguing that the initial unavailability of the funds had curtailed legislators’ oversight roles. Mpuuga made the remarks while addressing journalists at Parliament on Tuesday. When asked by journalists to
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Minister for Gender, Labour and Social Development. Hon. Amongi Betty Ongom (second row, second from left) with other Ugandan delegates at the international Labour Conference underway at Geneva, Switzerland The Minister for Gender, Labour and Social Development, Hon. Amongi Betty Ongom has called for stronger efforts at domestic and global
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Richard Byarugaba, the NSSF Managing Director The National Social Security Fund (NSSF) has paid out a total of Ushs 421 billion worth of midterm benefits to over 21,600 eligible members in less than 3 months, following commencement of payments in March this year. The payments are in respect to Section
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Stanbic Bank’s Head of Customer Solutions Miriam Naigembe (left) and Sonia Karamagi, Manager—Customer Experience pose with the Best Innovation in Retail Banking International Award. Stanbic Bank Uganda’s ‘Now-Now loans’ and FlexiPay, have won the lender international recognition for ‘Best Innovation in Retail Banking.’ The award by the London based International
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