The Chairperson of the African Union (AU) Commission, H.E. Mahmoud Ali Youssouf, has raised an alarm over severe financial challenges undermining the operations of the AU Transition Mission in Somalia (ATMIS).
Speaking at the African Union Support...
In February 2025, President Yoweri Kaguta Museveni approved the creation of three new districts from the existing Tororo district in Eastern Uganda. This decision has sparked significant debate, with critics arguing that it was driven more...
The main goals of the modern incubation hub in Entebbe include fostering innovation, supporting startups, enhancing collaboration, capacity building, and commercialization, among others.
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.
A recent research report by Initiative for Social and Economic Rights (ISER) indicates that the total budget for FY 2024/25 is a staggering UGX 72.1 trillion, marking a significant increase of UGX 14.1 trillion from the initial proposal of UGX 58 trillion.