Uganda Airlines started services to Harare and Lusaka today Uganda Airlines has announced the launch of its scheduled service to Harare and Lusaka. Starting today, September 25, 2024, Harare and Lusaka will be served four times a week, expanding choice and connectivity between East Africa, Southern Africa and beyond. “We are
Read MoreMonth: November 2024
Banks Increase Lending Rates As Personal & Household Loans Take Biggest Share Of Credit Approvals
Commercial banks’ weighted average lending rates for Shilling-denominated credit increased marginally from 17.64% in June 2024 to 17.76% in July 2024, Finance Ministry has reveled in its Performance of the Economy Monthly Report for August 2024. Similarly, foreign currency-denominated credit rates increased from 9.23% in June 2024 to 9.62% in
Read MoreDeputy Speaker, Thomas Tayebwa (pictured) has asked Parliament’s Agriculture Committee to scrutinize the issue raised by members of the Civil Society on the new regulations imposed by European Union, requiring all coffee imports to their member states to be grown on deforestation free land, saying this will give an opportunity to Parliament
Read MoreUNRA Executive Director, Allen Kagina Uganda National Roads Authority (UNRA) has revealed that Ugandan taxpayers are incurring interest of Shs250 Million daily on unpaid works and services carried out by contractors and suppliers, but this interest keeps on changing depending on the availability to clear up these debts. UNRA Executive Director, Allen Kagina made
Read MoreTian Tang top officials remanded at Kauga prison. The Chief Magistrate Court in Mukono has remanded four top managers of Tian Tang Group on charges of attempted murder. The managers, Liang Kai, Bin Ding, Chen Cheng, and Ai Wu Zheng (also known as Martin), appeared before Mukono Chief Magistrate Roselyn
Read MoreIn the heart of Kampala, where the streets buzz with life and the city’s energy is palpable, Tuesdays are marked on our calendars each week with anticipation for the best deals. The week is always busy, juggling work and family commitments, but Tuesdays are different. They have become a cherished
Read MoreDorothy Kisaka has been dismissed as KCCA Executive Director, President Yoweri Kaguta Museveni has sacked the Kampala Capital City Authority Executive Director Dorothy Kisaka, her deputy David Luyimbaazi and Dr Daniel Okello, the director for health over the Kiteezi landfill disaster. In a statement released on Tuesday by the Office
Read MoreOwino Market business women pose for a picture outside dfcu Bank Owino branch As part of the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) initiative, dfcu Bank has allocated 5.4 billion Shillings to support women entrepreneurs through subsidized interest rate loans. The initiative, funded by the World Bank
Read MoreDenis Okello is earning big from coffee farming Leaders from the Acholi and Lango Sub-regions have called on the government to initiate a special affirmative action program to prioritize promoting high-value perennial crops for farmers in Northern Uganda. According to the leaders, the region has stagnated economically for the past
Read MoreUganda earned over Shs2.8Trn from exports in July 2024, the Performance of Economy report by the Ministry of Finance has revealed. “Export earnings in July 2024 amounted to US$785.03 million (Shs2.888Trn), a 9.2% increase from US$718.60 million (Shs 2.643Trn) in June 2024. This growth was primarily driven by higher earnings
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