The question of professionalism when the two parties meet in the field Kampala, Uganda | JULIUS BUSINGE | November 2022 is a month that Henry Sekanjako and Timothy Murungi, all journalists with New Vision are waiting for to receive justice for their case reported to court in February last year. The …
Read More »Tough times ahead as inflation rises to 9%
This is the 6th straight month it is rising causing anxiety in the interest rate market Kampala, Uganda | JULIUS BUSINGE | Inflation, as measured by the Consumer Price Index for Uganda for the 12 months to August 2022, increased to 9.0%, up from 7.9% registered in July 2022, according …
Read More »UETCL shakes up management
The move is expected to improve performance at the electricity company that has recently been embroiled in management disputes Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Transmission Company Limited has appointed Michael Taremwa Kananura as the Acting Chief Executive Officer, replacing George Rwabajungu who served the company in …
Read More »Oxfam to unveil Shs77bn Impact Fund
The fund will target businesses providing decent jobs, women empowerment and innovations Kampala, Uganda | JULIUS BUSINGE | UK-based global organisation, Oxfam, plans to unveil a 20million Euros (Shs77bn) Impact Fund to support small businesses in line with their goals. The fund, to be unveiled as a pilot project before …
Read More »Uganda government printer turns 120 years
UPPC is set to be enhanced in the long term to world class standards Kampala, Uganda | JULIUS BUSINGE | On July 22, Uganda Printing and Publishing Corporation (UPPC) started activities to mark 120 years of its existence with a public forum held in Kampala. Executives said, more activities including …
Read More »Pension sector regulator turns 10 years
Assets under management have increased from Shs4tn in 2014 to Shs20tn but sector players want Ugandans to save more Kampala, Uganda | JULIUS BUSINGE | As the Uganda Retirement Regulatory Authority continues to celebrate its 10-year anniversary, experts have challenged its executives to support innovations in the sector so as …
Read More »Tough times as BoU moves to restrict money in circulation
Experts back the move but say, the poor will be hit hardest Kampala, Uganda | JULIUS BUSINGE | On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the …
Read More »A trip to Murchison Falls
Uganda offers a rich variety for visiting tourists to see on the long but smooth journey to and from Murchison Park Karuma, Uganda | JULIUS BUSINGE | The Uganda Tourism Board (UTB) is implementing a three – year plan to showcase Uganda’s tourism potential to the world. From June 25-28, I …
Read More »BoU sets pace for raising interest rates
The Central Bank Rate raised from 6.5 to 7.5% to tame inflation Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda has for the first time in the last two years raised the central bank rate by 1% percentage point to 7.5% to tame inflation, setting the pace for commercial …
Read More »Kansai paint ltd to sell its Africa business to AkzoNobel
Kampala, Uganda | Julius Businge | Kansai Paint Co., Ltd. (“Kansai Paint”) has entered into an agreement to sell its Africa business to Akzo Nobel N.V. (“AkzoNobel”), a global paints and coatings company, it said on June 2 in a statement. The sale is subject to the regulatory approvals of the …
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