Tag: Matia Kasaija

Akena referred to historical statements by President Museveni acknowledging the destruction of food supplies and the destitution of about 2.7 million people during that period. He argued that the loss of cattle deprived communities of daily nutrition, household income, school fees, draft power, and soil fertility, leaving effects that continue to be felt today.
Kampala’s waste management system has come under increasing strain in recent years, including during Uganda’s first National Cleaning Day, when the volume of collected waste overwhelmed collection teams and temporarily clogged the Buyala disposal facility.

African Finance Ministers Unite in Lusaka to Drive Climate-Smart...

Africa’s finance ministers have converged in Lusaka, Zambia, for the second African Regional Meeting of the Global Coalition of...

Uganda’s Shs530b BADEA Loan to Power Private Sector-Led Growth

Uganda’s latest $150 million financing deal with the Arab Bank for Economic Development in Africa (BADEA) marks more than...

Minister Nyamutoro Advocates Agricultural Tech, Sustainable Mining At Uganda-EU...

The Minister of State for Energy and Mineral Development, Phiona Nyamutooro, has called on stakeholders to explore advancements in...

DP Lauds Finance Ministry for Lowering Monthly Money Lending...

The directive is in accordance with section 89(1) of the Tier 4 Microfinance Institutions and Money Lenders Act, which states that the maximum interest rate that a money lender shall charge on the principal or the actual sum of money advanced as a loan to a borrower is two point eight percent (2.8%) per month or thirty-three point six percent (33.6) per annum.

Money Lenders Directed to Charge Customers 2.8% Monthly Interest...

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.

Finance Minister Asks New Investment Board to Tackle Youth...

The newly appointed board, chaired by Dr. Robert Kyamanywa, faces the challenge of addressing rampant youth unemployment that has affected countless families across the country.

NSSF Announces Increased Interest Rate of 11.5% for 2023-2024,...

The National Social Security Fund (NSSF) has announced an interest rate of 11.5% for the financial year 2023/2024, an increase from the 9.7% that was declared the previous year.

MoF Issues Funds to Local Governments to Facilitate Completion...

The primary objectives of the consultative workshops include providing feedback on issues raised during last year's budget consultations, discussions about the budget strategy for FY 2025/26, and discussions about the strategic direction of the NDP4, the 10-fold growth strategy, and how this will translate into local economic growth.

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