When people think about banks, they often envision large institutions managing significant sums of money, making investments, and safeguarding savings. However, at the core of their operations, banks primarily focus on one specific type of risk: credit risk. What is Credit Risk? Credit risk refers to the possibility that a borrower will fail to repay…
During a panel discussion held on Tuesday in Pakwach District, URA officials, alongside other key stakeholders, called for urgent action to strengthen anti-smuggling measures and protect legitimate businesses. The Uganda Revenue Authority (URA) has condemned smuggling as a serious economic crime, labelling it “economic terrorism” that threatens Uganda’s market stability. During a panel discussion held…
BY DENIS OMIJI The Health Committee meeting at Dokolo Health Center IV yesterday was an eye-opener for the community as allegations of extortion were brought to light. Health workers, specifically those working at the maternity ward and theater, were accused of collecting money from patients for conducting operations. This caused an uproar among…
By Macklean Kukundakwe Counterfeits in the construction industry pose a significant threat to consumers, local manufacturers, and the economy at large. These substandard products compromise the safety and integrity of structures, lead to financial losses, and undermine the credibility of genuine manufacturers. st our consumers have accorded us. To combat counterfeits, Uganda Baati has implemented…
James Ssewakiryanga, better known as Ssewa Ssewa, created the Janzi to be part of the long-standing tradition of instruments played during both joyful and sorrowful occasions. Uganda is home to a variety of traditional musical instruments, such as the drums, amadinda, adungu, entongooli, and others found across different regions of the country. Yet, with the…
Increased advertising by companies during September played a role in sustaining strong business output and attracting new clients as the headline Stanbic Bank Purchasing Index (Stanbic PMI) dropped slightly to 54.2 compared to the 56.3 posted in August. The threshold for a positive business outlook is 50.0. “Strong business output and new order growth were…
The people of Kalaki county in Kalaki district and Kyoga North county in Amolatar district are rallying behind their district chairpersons Samuel Okello (Kalaki ) and Geoffrey Ocen Kiring (Amolatar) as they throw their hats into the ring for the 2026-2031 parliamentary elections. The remarkable chairpersons have proven their worth through their commendable work in…
Alhaji Moses Kigongo, the 1st National Vice Chairperson of the National Resistance Movement, called upon the NRM community in Bugweri district and the larger Busoga region to prioritize unity during and after the campaign season. Kigongo made these remarks at the NRM Presidential Campaign rally held at Kyabazinga Grounds in Bugweri district. David Calvin Echodu,…
Kalisizo General Hospital, a crucial healthcare facility for residents of Kyotera, Rakai, Lyantonde, Lwengo, and parts of northern Tanzania, has been without an X-ray machine for over seven years since 2017. The ongoing lack of this essential diagnostic tool has left medics and patients frustrated and concerned about the quality of care being provided. For…
Fan Interrupts Tense match to propose to girlfriend on the middle of the field. Uganda Cranes edged neighbours South Sudan 1-0 in a Nations Cup qualified Friday evening and a fan edged the Cupid by a similar score line as well. Call it a win-win It wasn’t just the action on the pitch that grabbed…
