Kampala, Uganda | THE INDEPENDENT | The Kampala Capital City Authority (KCCA) launched a new law that prohibits the exploitation of children. Known as the Kampala Capital City Child Protection Ordinance 2022, the law criminalizes children loitering in public places, begging or soliciting, vending or hawking and bans the sale …
Read More »MBARARA: 300 fail to make it to new market list
Mbarara, Uganda | THE INDEPENDENT | More than 300 vendors have missed out on the newly verified Mbarara Central Market list. Two weeks ago Raphael Magyezi, the Local Government Minister appointed a 25-member committee chaired by the Acting Principal Commercial Officer Joseline Kiconco to carry out a new verification of …
Read More »DETAILS: Court rules on Bitature versus Vantage Mezzanine Fund
Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed with costs an application by Kampala businessman Patrick Bitature for a temporary injunction to restrain his creditors of M/s Vantage Mezzanine Fund II Partnership from selling, alienating, disposing of, taking possession, or any action against his properties. On May 18, The Daily Monitor newspaper advertised the sale by public …
Read More »Russia-Ukraine conflict hurting East Africa’s business community
Nairobi, Kenya | Xinhua | The Russia-Ukraine conflict is hurting the performance of East Africa’s business community due to the rising prices of key commodities, the regional apex lobby said Tuesday. John Bosco Kalisa, the chief executive officer of the East African Business Council (EABC), told journalists in Nairobi, the capital …
Read More »Museveni asks MPs to budget for compulsory primary education
Kampala, Uganda | THE INDEPENDENT | ‘We must budget for compulsory primary school education and stop these greedy teachers from sending children back home’, President Yoweri Museveni has urged lawmakers. ( read full budget speech bottom) This was in his address to Parliament following the presentation of the 2022/2023 financial year budget …
Read More »High fuel prices hike input cost in May — Stanbic PMI
Kampala, Uganda | THE INDEPENDENT | The persistent high cost of fuel contributed to negative private sector activity in May with the Stanbic Headline Purchasing Managers Index (PMI) dropping to 51.5 from to 53.9 recorded in April—readings above 50.0 mean improvement in business conditions on the previous month while readings that …
Read More »Background to the sh48 trillion Uganda budget
BUDGET summary 2022/23 Shs.48,130.7 billion
Domestic revenue: Shs.30,797.3 bn with Shs.23,754.9 bn as tax revenue & Shs.1,795.9 bn as non tax revenue.
Domestic borrowing is Shs.5,007.9bn
Budget support is Shs.2,609.2bn
External financing for projects amounts to Shs.6,716 bn of which Shs.4,625.7bn is from loans & Shs.2,090.5 bn …
What it feels like flying around Uganda on the Bombardier
Air travel remains out of reach for the average Ugandan citizen. However, in an attempt to demystify the aero plane, Vilakazi Safaris, a local tour and travel company together with Uganda Airlines, wants to change all that by taking enthusiastic local travellers on one-hour joy tours around Uganda. One such …
Read More »Uganda bank profits rose 27% in 2021 amid pandemic concerns
The banking industry except two credit institutions held strong capital buffers signalising increased resilience to potential shocks Kampala, Uganda | ISAAC KHISA | Uganda bank profits rose 27% in 2021 from the previous year as the economy partially recovered, but the industry’s future faces uncertainty due to the ongoing Russia-Ukraine …
Read More »TOTAL: Nature will be in better situation than before the oil project
TotalEnergies has unveiled a biodiversity program in Tilenga development area Hoima, Uganda | ISAAC KHISA | TotalEnergies EP Uganda will ensure that all the different kinds of life in its project area is well protected amid the ongoing oil and gas developments in the country’s pristine environment, according to its …
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