Archive - 2007 - Story

If you have not already done so, read The Observer article by Moses Talemwa on unregulated Savings and Credit Co-operative Organisations (SACCOs). The article highlights the story of a woman who has been defrauded by a microfinance institution in Uganda. The fraud was made possible primarily because SACCOs operate without any state oversight.

Safaricom's decision to float its IPO on the Uganda Securities Exchange (USE) has sent ripples through the financial market in Kampala. Seen largely as a vote of confidence for the young exchange, the move may prove to be anything but.

Over the past five years Uganda's music scene has been witness to an incredible revival. During that time, Jose Chameleone, Ngoni, Mesach Semakula and Juliana Kanyomozi have become household names. Their success is not for maught: their songs have compelling lyrics and captivating melodies, but their popularity has obscured other great talents whose sounds may not be quite as lucrative for clubs and radio stations. It is for this reason that most Ugandans have not heard of Samite Mulondo.

Background