Contractor, Ministry of Energy say it will be ready in November 2020 Kampala, Uganda | JULIUS BUSINGE | The commissioning of the 600MW Karuma Hydropower Dam has again been extended to November 2020 to allow the contractor deliver a fit for purpose project. This is the third time that Karuma …
Read More »Divisions in Finance over URA money
Top officials clash over budget deficits, new administrative units Kampala, Uganda | JULIUS BUSINGE | The Uganda Revenue Authority (URA) is having a hard time meeting its targets and the fall-out is leading to fights between the tax body, Ministry of Finance technocrats and their political supervisors. The key issues …
Read More »Shs39tn budget concerns
CSOs want government to control debt, increase budget for key social sectors Kampala, Uganda | JULIUS BUSINGE | Civil society organisations under their umbrella body, Civil Society Budget Advocacy Group (CSBAG) have listed a number of concerns that they would like the government to pay attention to as it debates …
Read More »Uganda Electricity Generation Company sees profit growth
Isimba and Karuma power stations are expected to boost its earnings Kampala, Uganda | JULIUS BUSINGE | Officials at Uganda Electricity Generation Company Limited (UEGCL) are hoping to record improved performance after posting the first net profit in 18 years. The company reported at the end of last year that …
Read More »Economy to remain subdued
Its managers must not focus on 2020 but on long term solutions, expert says Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to remain subdued in 2020, signaling another challenging economic environment ahead. Emmanuel Tumusiime-Mutebile, the governor Bank of Uganda revealed that 2019’s projected growth of 5.5-6.0% is …
Read More »2019 economy performs below expectations
Growth is projected to range between 5.5-6% compared to 6.2% in 2018 Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy performed below expectations especially towards the end of the year, according to the latest Bank of Uganda Monitory Policy Report. In addition, an analysis of the different monetary policy reports, …
Read More »Jumia expansion hits snag
The company quits Rwanda, Tanzania and Cameroon markets Kampala, Uganda | JULIUS BUSINGE | E-commerce has been slowly gaining traction in Africa in recent years. As a result, the popular talk has been that e-commerce firms are making money off people’s obsession with surfing and shopping on the internet. That …
Read More »More money spent in Uganda’s humanitarian crisis-Oxfam
Local NGOs face challenges of financial management, fundraising personnel and governance Kampala, Uganda | JULIUS BUSINGE | A new report published by Oxfam indicates that Uganda received more funds for humanitarian support for the year 2017 compared to 2016. Dubbed “Money Talks II” Assessing Humanitarian Funding flows to local and …
Read More »Oxfam says government wrong on land
Recommends different approach to issues in new report Kampala, Uganda | JULIUS BUSINGE | A new report by Oxfam, the international development and humanitarian organisation, has faulted the government’s land policies. Titled `Locked out; How unjust land systems are driving inequality in Uganda’, the report re-emphasised dealing with gaps in …
Read More »Stop tinkering with currency notes features – Mutebile warns
Kampala, Uganda | JULIUS BUSINGE | In the past few days social media has been awash with pictures of currency notes with political messages written on by suspected supporters of President Yoweri Museveni and Kyadondo East Member of Parliament, Robert Kyagulanyi (Bobi Wine). The notes in question are of Uganda …
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