Business

Development Bank Can Address High Interest Rates-Muhumuza

Development Bank Can Address High Interest Rates-Muhumuza

Uganda needs a fully functional development bank if the country is to finance long term funding and reduce the burden of high interest rates. Renowned economist Fred Muhumuza explains that because Uganda lacks this bank, everyone resorts to borrowing from commercial banks ...

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September 22nd, 2016

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MPs Disappointed With Poor Sand Mining Methods

MPs Disappointed With Poor Sand Mining Methods

A section of Members of Parliament on the Natural Resources Committee has cited connivance in the ongoing illegal sand mining in Lwera, Kalungu district. This is after they met the District Environment Officer during their visit to Lwera sand mining site on Thursday and he ...

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September 22nd, 2016

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World Bank Advises Uganda To Review Poverty Reduction Parameters

World Bank Advises Uganda To Review Poverty Reduction Parameters

Government is asked to revise parameters used for measuring poverty levels in the country to coordinate with international ratings. Currently, Ugandans earning below one dollars, about Sh3,300 a day are considered to be below the poverty line, yet on the international scale ...

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September 21st, 2016

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FDC Attaacks Museveni Over “Free” SACCO Money

FDC Attaacks Museveni Over “Free” SACCO Money

The Forum for Democratic Change (FDC) has criticized President Yoweri Museveni for dishing out cash money to different SACCOs in markets. This follows reports that that president had given over Shs 100 to a ghost SACCO at Mulago Kubbiri on 6th September because it was not ...

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September 20th, 2016

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Good African Coffee’s Andrew Rugasira Eyes UNCC Presidency

Good African Coffee’s Andrew Rugasira Eyes UNCC Presidency

The founder and chief executive of Good African coffee, Mr. Andrew Rugasira has announced his intention to run for president of the Uganda National Chamber of Commerce at the coming Annual General Meeting in 2016. Rugasira, a member of the chamber seeks to replace Mrs Olive ...

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September 18th, 2016

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