Sunday, December 22, 2024
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    Author: Kaleb Alinda

    A retired senior military officer, RO/00184 Colonel (RTD) Dick Bugingo, has continued to use both practical and theoretical farming skills to transform the livelihoods of many Ugandans through mindset change and model farming. At his AGDI diary...
    70-year-old Scholastica Namuli, a widow to Karoli Lubowa, was attacked and brutally hacked in Busowe village, Kirumba sub-county, Kyotera district.

    Over 500 Delegates Convene in Rwanda to Discuss Africa’s Tax Future

    The forum underscored the importance of collaborative efforts in achieving sustainable economic growth across Africa.

    Standard Chartered Bank Assures Clients of Service Delivery Ahead of Closer

    Standard Chartered Bank Uganda has reassured its clients of continued service delivery amidst its closure in the country. Standard Chartered Bank Uganda is set to...

    Kiira Motors E-Bus Xpress Sensitizes Community on Cashless Payment

    E-Bus Xpress is an all-electric and modern mass transit vehicle in the country where its mass transportation services are safe, clean, and reliable for both passengers and goods, ensuring passengers experience an internal travel feel and reach their destination on time.

    Uganda’s Inflation Drop Attributed to Reduced Commodity Prices—Finance Report

    Uganda’s imports from the East African Community region decreased by 2.8% to USD 264.10 million in September 2024, down from USD 271.62 million the previous month. Exports to the region also declined by 1.0% from USD 197.23 million to USD 195.22 million over the same period.

    Money Lenders Directed to Charge Customers 2.8% Monthly Interest Rate

    The directive aims to protect consumers from predatory lending practices and ensure that borrowing remains accessible and fair. By establishing a clear interest rate cap, the government seeks to foster a more equitable and fair financial environment for individuals seeking loans.

    Gov’t Reduces GROW Loan Interest Rates to Boost Women Entrepreneurs

    The GROW loan project is a five-year program set to end in December 2027. The Generating Growth Opportunities and Productivity for Women Enterprises (GROW) Project is a Government of Uganda Project, funded by the World Bank, implemented by the Ministry of Gender, Labour, and Social Development and the Private Sector Foundation Uganda in all districts, municipalities, and cities.

    Uganda Joining BRICS Creates New Economic Pathway

    The BRICS poses as the epitome of Uganda’s independence, and through the set of reforms to introduce a new gold-banked currency, Uganda holds leverage since it baskets vast natural resources, specifically gold, uranium, oil, and many others, which makes it a valuable member of the BRICS.

    MTN Uganda Shareholders Reap Big in Investment with UGX 460Bn Profit

    MTN continues to invest in network infrastructure and technological innovations, aiming for 90% geographical coverage across Uganda by 2025.

    IMF Confirms Uganda to Be Fastest-Growing Economy in Africa

    The increase of Uganda’s per capita income from $898 to 1146 in 2024 and the increase of the Gross Domestic Product (GDP) from $16 to $20 in 2023—all these, including many others—resulted in Uganda being recognized by the IMF as one of the fastest-growing economies. 

    It’s Human Nature; Your Salary will Never be Enough

    Running a side hustle when you have a white-collar job that keeps you working long hours at work can be difficult to maintain, manage, and grow since most workers are dishonest and unreliable.

    Uganda Hosts CII Investors to Tighten Economic Ties

    In 2019, Indian investments in Uganda reached $500 million, making India one of Uganda’s top investors. Bilateral trade between the two countries stood at $1.3 billion, with key exports from India including pharmaceuticals, automobiles, and textiles, while Uganda exports tea, wood, and related products to India.

    Ugandan Investors Asked to Embrace EIPP

    The major reason SHIPU was created was to ensure effective and sustainable collaboration between government institutions and investors at all levels for collective growth and development.

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