A market analyst said the Fund’s interest rate for the year ending June 2022 “would do very well to match last year’s return” at the end of a particularly difficult market environment. “I will be pleasantly surprised if it clears the double-digit mark,” the analyst, who asked not to be identified in order to speak…
Category: Uganda News
Money lenders ‘disarmed’ by Court ruling
The High Court has ruled that it is illegal for unlicensed money lenders to charge interest on a loan. Justice Esta Nambayo on September 20 observed that money lenders without licences under the Microfinance Institutions and Money Lenders Act, 2016, cannot sue borrowers for breach of agreement. “The defendant’s conduct of lending money to the…
Farmers excited as Uganda develops anti-tick vaccine
Animal farmers can now smile after scientists at the National Agricultural Research Organisation (Naro) said they will be releasing an anti-tick vaccine in a year’s time.Dr Swidik Mugerwa, the director of National Livestock Resources Research Institute (NaLIRRI) at Nakyesasa in Wakiso District, said the vaccine development process, which started in 2016 and followed the recommended…
Uganda declares Ebola virus disease outbreak
By Christine Maema Health authorities in Uganda on Tuesday declared an outbreak of Ebola after a case of the relatively rare Sudan strain was confirmed in Mubende district in the central part of the country. According to the Uganda Virus Research Institute, the case was confirmed after testing a sample taken from a 24-year-old male following…
Nyege Nyege: Sell-out crowd at ‘immoral’ Ugandan music festival
Thousands of revellers from across East Africa and the world have gathered for Uganda’s Nyege Nyege festival which was allowed to go ahead despite a threat to ban it because of “immorality”. Critics including several MPs and the speaker of parliament described it as a “breeding ground for sexual immorality” and “homosexuality”. But some say…
MPs ask Uganda Airlines to name 200 people who travelled for free
Lawmakers probing Uganda Airlines have instructed its management to produce the list of people who benefited from a total of 200 voided air tickets and travelled to Dubai, UAE, in November last year. National MPs ask Uganda Airlines to name 200 people who travelled for freeThursday, September 15, 2022 The Uganda Airlines Chief Executive Officer,…
Thousands of teachers go months without pay
By Damali Mukhaye Thousands of teachers on government payroll are in distress after going two months without getting their salaries. A teacher in one of the Universal Primary Education (UPE) schools in Wakiso District, who spoke on condition of anonymity, told Daily Monitor yesterday that hundreds of them last received salaries in June. The teacher,…
Parents set to pay for milk at school
By Damali Mukhaye Parents with learners in both private and government schools will be required to dig deeper into their pockets to pay for compulsory milk in a bid to boost children’s health. Under the new government compulsory milk feeding programme, school administrators, board of governors and school food committees, will be required to meet…
HICGI News Agency 