But the lender faces an uphill task of looping its customers onto it Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda, is embarking on a digital transformation journey aimed at decongesting customers in the banking halls, cutting down operational costs and driving profits upwards. This follows the …
Read More »URA’s Shs1tn first quarter surplus
Economic experts warn that it is too early to celebrate the performance Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has recorded a surplus in revenue collection for the first quarter of the Financial Year 2020/21 amidst the coronavirus pandemic but economic experts warn it is too early to …
Read More »Tough times for Africa’s upstream oil and gas
How is the Covid-19 pandemic impacting investment in large-scale oil and gas developments in sub-Saharan Africa? Ian Lewis sees tough times ahead Getting upstream oil and gas projects off the ground in sub-Saharan Africa was challenging before the Covid-19 pandemic. Now the operating environment is even tougher, as the industry contends with …
Read More »Why low COVID-19 death rates in Africa
Examining the theories so far | KEVIN MARSH AND MOSES ALOBO | As the threat of a COVID-19 pandemic emerged earlier this year, many felt a sense of apprehension about what would happen when it reached Africa. For example, the Standard newspaper in Kenya reported on April 22 that “Anywhere …
Read More »Ham vs DTB court ruling
Experts warn of dire consequences for the private sector, government in relation to access to capital Kampala, Uganda | RONALD MUSOKE | Capital inflow in form of loans is big business in Uganda. In both the private and public sectors, loans secured from foreign investors boost service delivery, improve people’s …
Read More »Coronavirus hits farmers
Survey shows Uganda faces worst food risk in Africa Kampala, Uganda | RONALD MUSOKE | Ugandan farmers are among the worst hit by the coronavirus pandemic and lockdown measures in Africa according to research released on Oct.16 by Voluntary Service Overseas (VSO), an independent international development organisation that works to …
Read More »Party’s want more money from govt
NRM set to take Shs12 bn of released Shs15 bn Kampala, Uganda | MUBATSI ASINJA HABATI | After two years of waiting the Government of Uganda has finally released Shs15 billion to the Electoral Commission for funding political parties. The money goes political parties with representation in parliament parties. They …
Read More »Uganda democracy in decline
New report shows why changing leaders doesn’t change politics in Africa Kampala, Uganda | THE INDEPENDENT | Leadership change results in an initial wave of optimism. But ongoing political challenges and constraints mean that it is often a case of “the more things change the more they stay the same. …
Read More »Uganda’s addiction to borrowing
Why our country continues to take more and more loans and what this means for the economy THE LAST WORD | ANDREW M. MWENDA | Uganda is at a crossroads. Early this year, government passed a budget of Shs32 trillion for the 2020/2021 Financial Year. It also projected to collect …
Read More »Chinese, Ugandans fight over Karuma Dam
Museveni accused of switching sides Kampala, Uganda | THE INDEPENDENT | Uganda’s biggest power project, the 600MW Karuma Hydropower Dam on River Nile, appears to be in trouble amidst allegations of shoddy works, breached contracts, verbal fights, and even accusations of sabotage. In the fight, the Chinese contractors, Sinohydro Corporation …
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