Kampala, Uganda | THE INDEPENDENT | The top stories in this week’s The Independent. COVER STORY Loans saga: Matia Kasaija and his team at the Finance Ministry find themselves in a very tight corner as they look for Shs29.2 trillion to finance a new budget BUSINESS Inside the SGS contract saga: …
Read More »Uganda’s financial market ranked 10th in Africa
Kampala, Uganda | ISAAC KHISA | Uganda’s financial market has been ranked 10th with a score of 47%, a head of Tanzania in the East African Community in the inaugural Barclays Africa Group Financial Markets Index 2017. The survey that was conducted in 17 African countries that account for 60% of …
Read More »Banks rollout agent banking
The new banking model is expected to deepen financial inclusion Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks have started rolling out agent banking following Kenya and Rwanda’s footsteps in an effort to grow deposits and customer base. This follows the coming into force of the Financial Institutions Act …
Read More »Surprises in 2018 Uganda budget
Surprises in 2018 budget:mFinance Ministry makes right moves, but timing could be wrong Kampala, Uganda | JULIUS BUSINGE | For years now, Uganda’s budget making process has been dominated by debates about four contentious issues; the government’s huge investment in infrastructure, domestic resource mobilisation, the size and rate of external …
Read More »Man City top financial firepower list
London, United Kingdom | AFP | Premier League leaders Manchester City have more financial muscle than any other club in world football, according to a study that sees English clubs dominate the top 10. The Soccerex Football Finance 100, which ranks the world’s top teams based on both their playing and …
Read More »YEAR ENDER REVIEW: Budget-reading month
YEAR IN REVIEW: June 2017 Kampala, Uganda | THE INDEPENDENT | June 8: This is traditionally the budget-reading month and Matia Kasaija, the Minister for Finance, Planning and Economic Development read a Shs29trillion National Budget. The government increased budgetary allocations to the Science and Information Technology sectors. Earlier on June 6, …
Read More »JOBS: Finance and Operations Manager IRC-Uganda
JOBS: Finance and Operations Manager IRC Uganda Kampala, Uganda | THE INDEPENDENT | Finance and Operations Manager to be responsible for overseeing financial management for IRC in Uganda. JOB: Maintaining reliable records and books of accounts reflecting the true financial state of IRC Uganda at all times. As well as ensuring …
Read More »World champion Hamilton dismisses tax ‘dodge’ row
Sao Paulo, Brazil | AFP | Formula One world champion Lewis Hamilton on Wednesday dismissed a row over his avoidance of taxes on a luxury jet, saying he’s only thinking about this weekend’s Brazilian Grand Prix. “I’m just solely focused on trying to win this race this weekend. I still have …
Read More »Financial inclusion optimism
What the 2017 –2022 government strategy means to Uganda Kampala, Uganda | ISAAC KHISA | Uganda’s central bank in partnership with the Ministry of Finance, Planning and Economic Development has unveiled a five-year financial inclusion strategy to enable more individuals and business access affordable financial products and services. The Uganda National …
Read More »Trump administration rejects World Bank capital increase
Washington, United States | AFP | The Trump administration on Friday rejected a capital increase by the World Bank, which the Bank says is necessary to expand its global anti-poverty mission. Treasury Secretary Steven Mnuchin said the huge Washington-based institution is inefficient and can be more effective in the nearly $60 …
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