Omukama Edward Rukiidi Nyabongo I, a son to Prince Christopher Paul Kiijanangoma and a grandson of Omukama George David Kamurasi Rukiidi ascended to the throne on September 29th, 2026, after the death of his cousin King Oyo Nyimba Kabamba Iguru Rukidi IV who succumbed to cancer at the age of 34 in the United states.
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.
The Uganda-PIM system was initiated in 2016 with the main aim of producing approved projects that can be held for funding in integrated banks of projects such as World Bank projects.
The Ministry of Finance, Planning, and Economic Development noted that the 2nd quarter release is in line with their continued efforts of fiscal consolidation through coordinated fiscal and monetary policy and also funding the ten-fold growth strategy.