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“Banks Are a Good Source Of Start-Up & Expansion Capital But Not For Long-Term Sustainable Progress” – Businessman Hamis Kiggundu Tips Ugandans

Uganda’s prominent businessman Hamis Kiggundu alias Ham has advised upcoming Ugandan entrepreneurs not to fear using banks for growth and starting up businesses. He, however, cautioned them not to ever rely on such loans as a long-term sustainable muscle of their business expansion because banks will always feast on their businesses since they are driven…

Parliament Approves UGX1.2 Trillion Loan For Electricity Connections

The Parliament of Uganda has approved another request by the Government to borrow up to US$331.5 million approximately Shillings 1.242 trillion from the International Development Association– IDA of the World Bank Group to support the electricity access scale-up project. The legislators passed the unanimous resolution following a motion moved by the Minister of State for…

Countering Climatic Change: How ERA’s Lower Power Tariffs Reduce Use Of Firewood, Charcoal

In a bid to counter the adverse impact of climatic change in Uganda, power regulator Electricity Regulatory Authority (ERA) in December 2021 introduced a Cooking Tariff known as Declining Block Tariff, which would enable domestic consumers connected on the national power grid to use electricity for cooking, instead of charcoal and firewood. The main objective…

Shock As Bukalasi SS Economics Students Fail To Turn Up For UACE

Three senior six candidates of Bukalasi Secondary School in Bududa district failed to show up on Monday for their Economics paper on day one of the Uganda Advanced Certificate of Education Examinations-UACE. The Uganda National Examinations Board (UNEB) began conducting UACE for all A’ level candidates beginning with Economics Papers one and two for Arts candidates and Chemistry…

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