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News

NIRA, Police Declare Operations Against Money Lenders Taking National IDs As Security

NIRA Spokesperson, Osborn Mushabe The National Identification Registration Authority (NIRA) and Police have declared operations against money lenders confiscating National Identify Cards. Osborn Mushabe, the NIRA spokesperson said many money lenders have continued to defy warnings and have continued taking National IDs as security for loans. Mushabe said a decision

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Analysis & Opinions

How Ugandan Companies Are Falling Into IDC’s Debt Trap

Aya’s Pearl of Africa Hotel South Africa’s financial institutions like International Development Corporation (IDC) projects itself as a self-financing national development finance institution whose primary objectives is to contribute to the generation of balanced, sustainable economic growth in Africa. However, the experience of some Ugandan investors with the institution does

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