Inside Uganda’s struggle to make insurance work for the ordinary citizen Kampala, Uganda | JULIUS BUSINGE | By the time Agnes Nakato’s (not her real name) husband died in a road accident, she had no idea that his employer’s life insurance policy could have supported their three school-going children. “No one …
Read More »The price of progress?
Uganda’s tax overhaul draws praise—and alarm—from civil society Kampala, Uganda | JULIUS BUSINGE | A coalition of over 50 civil society organizations under the Tax Justice Alliance Uganda (TJAU) has raised critical concerns over the Government of Uganda’s proposed Tax Amendment Bills for the 2025/26 financial year, warning that certain changes …
Read More »Green mandate for Ugandan banks
Industry leaders at the Climate Finance Conference call for robust policies, enhanced capacity, and innovative products to embed sustainability in Uganda’s financial system Kampala, Uganda | JULIUS BUSINGE | Financial experts have called on banks and financial institutions to strengthen their commitment to green financing by implementing clear policies, enhancing human …
Read More »Insurance Consortium fuels Uganda’s oil sector
The oil and gas industry is inherently high-risk, involving massive investments, operational hazards, and environmental concerns. Kampala, Uganda | JULIUS BUSINGE | The Insurance Consortium for Oil and Gas Uganda (ICOGU) has emerged as a critical player in Uganda’s rapidly evolving energy sector, providing tailored insurance solutions to address the …
Read More »Isimba Hydropower Dam at risk
Structural defects and contractor delays now threaten Uganda’s energy future Kampala, Uganda | JULIUS BUSINGE | The Isimba Hydropower Dam, a flagship project in Uganda’s energy sector, was envisioned as a cornerstone of the country’s long-term development goals. Commissioned in 2019, the 183MW facility was meant to provide affordable and reliable …
Read More »MTN Uganda reports a 30% surge in net profit to Shs641bn
The telecom firm recorded a 19.5% increase in service revenue to Shs 3.1 trillion, fueled by a 30.5% rise in data revenue and 22.8% growth in fintech earnings Kampala, Uganda | JULIUS BUSINGE | MTN Uganda has delivered a 30.1% surge in net profit to Shs 641.5billion for FY 2024, a …
Read More »Uganda’s rising debt burden sparks fiscal policy debate
The country’s public debt now stands at Shs 93.6 trillion as of June 2024, with 27.4% of domestic revenue earmarked for interest payments Kampala, Uganda | JULIUS BUSINGE | Uganda’s rising debt burden has come under renewed scrutiny as the government prepares the FY2025/26 national budget, projected at Shs 57.4 trillion—significantly …
Read More »EADB disburses Shs 734.8bn to EAC member states
But stakeholders urge the lender to accelerate private sector growth through affordable interest rates currently capped at 15% per year Kampala, Uganda | JULIUS BUSINGE | Uganda’s Finance Minister, Matia Kasaija, has urged the East African Development Bank (EADB) to implement strategies that ensure affordable interest rates for borrowing, enabling …
Read More »MTN’s unstoppable journey towards 2025
INTERVIEW | Sylvia Mulinge, the Chief Executive Officer of MTN Uganda, has embraced the mantra “Unstoppable” as a key message in her leadership. On January 28, she held an engaging discussion with a small group of reporters to unpack what this mantra means for MTN Uganda and the broader telecom sector. …
Read More »Uganda retains fourth place in Absa Africa Financial Markets Index
However, the country’s financial sector remains relatively illiquid and lacks the product diversity seen in more advanced markets such as South Africa and Mauritius Kampala, Uganda | JULIUS BUSINGE | Uganda has maintained its position as one of Africa’s top financial markets, ranking fourth in the 2024 Absa Africa Financial Markets …
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