THIS WEEK: Tortured Kamwenge mayor released on bond Kampala, Uganda | THE INDEPENDENT | Tortured Kamwenge mayor Godfrey Byamukama was last week released on police bond. Byamukama who was arrested at the Land Ministry offices in Kampala was suspected to have been involved in the murder of Assistant Inspector General of …
Read More »Micro credit: Good or bad for Uganda’s poor population?
Experts say the interest rates are very high Kampala, Uganda |Isaac Khisa| Micro-credit is fast becoming a darling to millions of Uganda’s population following the rollout of new credit windows between financial institutions and telecom firms. But financial experts are worried that the new products may not create as much …
Read More »Banks optimistic of a better year
BoU cut its central bank rate from 13% in October to 12% in December to stimulate economic activities As 2017 business starts commercial banks are optimistic that the sector will register a surge in profitability on the back of improving economy and a reduction in Non-Performing Loans. Speaking to The …
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