By Gloria Ssuuna Namutebi – Senior Manager, Vehicle & Asset Finance, dfcu Bank In today’s economy, owning a productive asset; a vehicle, a motorcycle, or a piece of machinery, is more than a convenience. It’s a catalyst for financial independence, business growth, and generational wealth. At dfcu Bank, we understand
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Researchers around the world are exploring innovations and new technologies for fibers — in textiles, hygiene products and packaging. Cellulose-based textile materials can make the clothing sector more sustainable. Currently, cellulose-based textiles are mainly made from wood, but a study headed by researchers from Chalmers University of Technology in Sweden
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By Allan Tumushabe As Africa’s gaming industry grows at an unprecedented pace, the fundamental question is no longer whether we will grow, but how we grow and whether that growth will be sustainable, ethical, and inclusive. At betPawa, we firmly believe that the future of gaming in Uganda and across
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By Denis Jjuuko I recently applied for a visa to Canada to attend a Rotary conference in Calgary and thereafter visit a few of their attractions like the Niagara Falls and return to Kampala. The application was rejected on grounds that I didn’t have enough assets and therefore I might
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Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed "ambitious", a journey to grow the economy from the current 53 Billion to 500 Billion Dollars in the
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Daniel Lukwago Planners are being challenged to adhere to public investment policies if the budgetary allocations are to deliver expected tangible results. It is being realized that some of the projects with budgetary allocations in each financial year delay to take off and thereby defeating the intended purpose. Planners are
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Mobile money transactions are increasing every passing day Mobile money transaction values significantly increased by 31.5 from UGX 192.9 trillion in the twelve months ending June 2023 to UGX 253.7 trillion in the year to June 2024, the Bank of Uganda Annual Report for Financial Year 2023/2024, reveals. Similarly, the
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Agriculture is the backbone of Uganda’s economy but the sector continues to get highest interest rates Agriculture sector tops the sectors with highest lending rates in Uganda, Bank of Uganda’s Annual Report for 2023/2024, has revealed. The report says in 2023/2024, interest rates varied among sectors primarily due to differences
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Uganda imports onions from Kenya By Dr. Apollo Buregyeya Sixty percent of the onions and Irish potatoes consumed in Uganda come from Kenya. So, do most of the oranges, tangerines, mangoes, pears, and apples. Our markets are flooded with fruits grown in a drier, tougher terrain, while Uganda, one of
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By Sarah Musumba Once upon a dusty Saturday in Kampala, a Fuso truck rumbles past, stacked high with buveera (plastic paper bags), water containers, soda bottles, and jerry cans. Now imagine 120 of those rolling in every single day, not with goods, but with waste. That's Uganda's plastic problem in
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