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    Author: Kaleb Alinda

    Judicial Service Commission Launches Campaign on New Money Lender Legal Limits

    The Judicial Service Commission in its mandate, has embarked on a sensitization campaign to educate the public on the moneylender interest rates approved by...

    Nissan, Honda in Merger Talks to Form World’s 3rd Largest Automaker

    This merger comes at a time when the car manufacturing industry is undergoing a transition away from fossil fuels.

    From Football to Fruit Baskets: How Mama Arsenal Scored Big in Life

    This is the tale of a woman who turned a fruit basket into a foundation for a brighter future.

    UBOS Releases Over 60,000 Census Tablets to ICT Ministry

    UBOS Executive Director Chris Mukiza said the released gadgets were repurposed to strengthen Parish Development Model (PDM) activities and distributed to selected government agencies for further use.

    African Queen CEO Urges Youth to Be Consistent, Avoid Luxury Lifestyle 

    The Chief Executive Officer of African Queen Ltd, Sophia Nantongo, has urged the youth entrepreneurs in Uganda to endeavor to be consistent and avoid...

    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.

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