By Asha Wandulu In a surprising policy shift, President Donald Trump has enacted a 90-day suspension on new USAID funding, aiming to realign aid with U.S. strategic interests under the "America First" doctrine. This decision has caused a stir, particularly in Africa, where many countries rely on such aid. However,
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Building A Stronger Future For The Uganda National Lottery: Reflections On Six Months Of Growth And Opportunity
Denis Mudeni Ngabirano , the CEO NLGRB As the Uganda National Lottery marks its seven-month milestone, ITHUBA Uganda and the National Lotteries and Gaming Regulatory Board (NLGRB) reflect on a period of progress, learning, and collaboration. While the journey has come with its challenges, it has also laid the groundwork
Read MoreUganda On The Spot Over Poor Debt Management As Gov’t Is Penalized Shs5.5bn Over Loan Cancellation
Uganda’s debt stock has increased by 104% over six years from USD12.55Bn in FY 2018/19 to USD25.59Bn in FY 2023/24. The Debt service cost as a portion of the National budget in the FY 2023-2024 was Shs18.56Tn (35%) of the annual National Budget of Shs52Tn. This increased from Shs8.85Tn (27%)
Read MoreBy John Paul Ssemyalo, CEO Pebuu Limited The bridge between agency banking and Islamic banking could revolutionize the way banking services are delivered and consumed in Uganda. When Islamic banking was introduced in Uganda, it generated a mix of skepticism and excitement. Rooted in Shari’ah principles that emphasize ethical and
Read MoreReport: Micro-Scale Irrigation Programme Mainly Benefiting Big Farmers As Average Cost of Irrigating 2.5 Acres Stands At Shs30.2m
A beneficiary farmer of the Micro-Scale Irrigation Programme irrigating tomatoes. Irrigation uptake remains low in Uganda/MAAIF Photo The Micro-Scale Irrigation Programme under the Uganda Intergovernmental Fiscal Transfer (UgIFT) Program that is implemented by Ministry of Agriculture Animal Industry and Fisheries (MAAIF) is mainly benefiting the already existing commercial farmers. This
Read MoreWith America Freezing Aid, Uganda Should Quickly Utilize Shs14.6 Trillion In Unused Loans
By Denis Jjuuko It is 10.00am somewhere in Abidjan or Washington. The boardroom is well set up. The temperature is on point, to use Kampala language, and with the press of a button, the microphones become red hot and the giant screen is switched on. In the room, are several
Read MoreReport: Several Migrant Workers Illegally In Uganda & Doing Jobs Which Should Be Reserved For Locals
Several migrant workers are in Uganda illegally and doing jobs which should be reserved for locals, especially in the informal sector, where jobs do not require professional experience and qualifications. This is despite all the controls put in place by the Directorate of Citizenship and Immigration Control (DCIC) to issue
Read MoreBy Owor Domisiano In November 2024, Baku, Azerbaijan, became a hub for climate negotiations as Parties to the United Nations Framework Convention on Climate Change (UNFCCC) gathered for the 29th Conference of the Parties (COP29). This session marked the 19th for the Kyoto Protocol and the 6th for the legally
Read MoreBoU Maintains Key Lending Rate At 9.75% Amid Fears Inflation Could Rise Faster & Disrupt Economic Activity
Michael Atingi-Ego, the BoU Deputy Governor Bank of Uganda’s Monetary Policy Committee on Thursday maintained the Central Bank Rate (CBR) at 9.75% in order to control inflation while fostering Uganda’s economic growth and socio-economic transformation. The CBR is a benchmark lending rate for commercial banks. While issuing the Monetary Policy
Read MoreUganda’s Telecom Industry Set For Major Transformation In 2025, Says MTN Uganda CEO
Sylvia Mulinge, the MTN Uganda Chief Executive Officer Uganda’s telecom industry is set to undergo a significant transformation in 2025, driven by emerging technologies and evolving customer demands. Speaking during a media roundtable at MTN Uganda headquarters in Kampala, MTN Uganda Chief Executive Officer, Sylvia Mulinge, said key trends such
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