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Tag Archives: economy

South Korea President Park Geun-hye here

South Korean President Park Geun-hye is in Uganda for a three day state visit. She is accompanied by a huge business delegation with representatives of at least 100 Korean companies. She is the first leader of South Korea to visit Uganda. South Korea is home to several global companies including …

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UGANDA: 80% of economy informal, does not pay taxes

Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …

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Time Uganda focussed on exports

The high cost of doing business, stagnant production levels, dominance of primary products and limited market intelligence are holding back Uganda’s export potential. These bottlenecks and action needed to change the status quo were the centre of a discussion at a high level policy dialogue on export development and promotion …

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Is Uganda broke?

Ministry of Finance officials say they have spent over 100 percent of the budget but government departments are struggling to meet their obligations amidst talk that the 2015/16 budget was suppressed by 30 percent. From his office on the sixth floor of the Finance Ministry block in Kampala, Kenneth Mugambe, …

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Unpacking Uganda’s informal sector

  COMMENT: By Andrew Rugasira Economists used to consider the informal sector a “shadow economy”, a relic from the underdeveloped past that would be replaced by formal activities and better paid jobs. Not anymore. The informal sector has in many ways superseded the formal sector and is now the face …

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Achieving middle-income status in 5 years

Museveni’s latest politicking joke or a realistic national target? When President Yoweri Museveni takes the oath of president for the sixth time on May 12 at Kololo Ceremonial Grounds in Kampala, it appears he will have one goal clearly on his mind: delivering Uganda to the middle income bracket by …

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