In total, 22.6 Shillings trillion was lent out last financial year, compared to Shillings 21 trillion for the previous year. It also shows a 6.8 percent growth between the two years, which is higher than the 5 percent previous increase.
The Deputy Governor says that their activities as well as other changes that have the economy safer going forward, they have decided to reduce the rate, though cautiously.
Mercury is widely used in small-scale gold mining to separate gold from other minerals due to its ability to form an amalgam with gold. However, this process releases substantial amounts of mercury into the environment, contributing to 37% of global mercury emissions.
The Initial Installed Capacity of the Kiira Vehicle Plant is 2,500 buses per year, with plans to further upgrade it to 5,000 units annually in the medium term.
Minister Musenero says the plant needs Ugx 500b to build capacity to meet rising demand.
Dr Twinemanzi Tumubweine, who is directly responsible for the regulation of financial technology firms says regulators should work towards getting out of regulation by building a sector that can regulate itself, then there will be no need for regulation.
The efforts to promote trade amongst African countries are aimed at protecting African industries from unfair global trade practices, overcoming costs of long-distance trade, and generally developing continental production capacity.
Uganda is grappling with a severe housing deficit, with only 2 million permanent housing units available against an estimated demand of 9.2 million. The country requires 300,000 new housing units annually, but developers are producing only 100,000 units. Experts suggest that to meet demand, the construction rate should ideally be 500,000 units per year.
"So, Kilembe Mines: the final, final, final signature is expected by November 1; that's when we shall have the signature," said Minister for Energy and Mineral Development, Ruth Nankabirwa, during the 13th Uganda Mineral Wealth Conference in Kampala.
Speaking at the dialogue organized by SEATINI Uganda to seek responses on Uganda’s progress towards EUDR compliance, Robert Nangatsa, UCDA Extension Manager acknowledged that there is a lot to be done, but that it will be accomplished in time, with the consultants already being identified.
Dr. Monica Musenero, the Minister for Science, Technology, and Innovation says Uganda has innovated a lot and many innovations are helping the economy, but says the country must go to a higher level, hence the focus on deep tech.
While radio remains the most popular source of information, this position has weakened from 79 percent seven years ago to 56 percent today, to the advantage of social media and the internet (websites), a survey shows.
UIA says after a long period of testing the use of the Online Local Marine Insurance portal, it has now proved to be successful, and will be mandatory for importers to use it starting next month.
Xavier Ejoyi, the Country Director for ActionAid Uganda, criticized the government for funneling substantial amounts of public money into environmentally harmful practices through subsidies, tax breaks, and free land allocations.
“The most successful rhino breeding project in Africa is here in Uganda, not in South Africa, Kenya, or Rwanda. The rhinos have been safely here, and not a single one has been lost to poaching, except for isolated cases of internal fights,” Butime explained.
The launch of the three latest flights is expected to increase the company’s revenues by at least 10 percent, and should help it break even in 18 months, according to Adedayo Olawuyi, Chief Commercial Officer at Uganda Airlines.
The decision came after the URC technical team considered a dangerous situation at the Mbuya-Kinawataka stretch where water from the Kinawataka swamp has eaten into the ground, leaving just a few feet to the rails.
This year's competition attracted a record 261 submissions, with 83 coming from female innovators—a remarkable increase from previous years. The innovations spanned a wide range, including soil testers, automated irrigation systems, robotics for farm monitoring, and pest detection devices.
Eng. Kenneth Kaijuka, CEO of the National Housing and Construction Company (NHCC), emphasized the urgency of the situation during his keynote address at the Uganda Society of Architects’ Construction Symposium, held at Imperial Hotel, Kampala, on September 20, 2024.
Okwi says other than offering loans to individuals, they are giving money to groups of people who have graduated from their mental therapy programme and have built bonds that enable them work together to improve their livelihoods.
