The government is yet to decide on whether or not to terminate the motor vehicle inspection deal Kampala, Uganda | JULIUS BUSINGE | The Uganda government is in a fix. Suspend and cancel the contract awarded to the Switzerland based firm, SGS, to carry out a motor vehicle inspection and possibly …
Read More »Coffee’s future in dilemma
Kampala conference discusses ways of increasing output but many wonder who would buy it Kampala, Uganda | JULIUS BUSINGE | Uganda is currently implementing an ambitious plan the coffee road map to increase coffee output from the current 4.5 million bags to 20 million bags by 2025. This new target is …
Read More »aYo Uganda micro insurance hits 500,000 customers
kampala, Uganda | JULIUS BUSINGE | Over 500,000 customers have signed up for MyHospital and MyLife micro-insurance covers offered by aYo Uganda Limited since opening shop in Uganda in Sept. 2016. This was confirmed by the firm’s Chief Executive Officer, Edwin Kwesiga. aYo Uganda is a subsidiary of aYo Holdings Limited, …
Read More »Sugar price to drop further
Manufacturers cite increased imports and declining demand from foreign markets Kampala, Uganda | JULIUS BUSINGE | There is good news for Uganda’s sugar consumers in the coming months owed to the projected sugar in production volumes amidst increase in imports. Statistics from the Uganda Sugar Manufacturers Association (USMA), which consist …
Read More »BoU moves to trigger reduction in lending rates
Kampala, Uganda | JULIUS BUSINGE | On Feb.13, Bank of Uganda announced a cut in the Central Bank Rate by 0.5 percentage points to 9% in the next three months as a measure for boosting private sector credit uptake and economic activities. The Governor, Emmanuel Tumusiime Mutebile, said the decline in …
Read More »State-owned enterprises saddled with losses
BoU, UEDCL and Mandela National Stadium listed amongst those in red Kampala, Uganda | JULIUS BUSINGE | Uganda’s state-owned enterprises seem to be bleeding. The latest Auditor General’s report shows that five out of the 29 state owned enteprises recorded losses in the recent two consecutive years. They include; Bank of …
Read More »URA to host 4th Authorised Economic Operator conference in Kampala
Kampala, Uganda | JULIUS BUSINGE | Over 600 people had registered by Feb.14 to attend the 4th World Customs Organization Authorised Economic Operators Conference to be held in Kampala from March 14 – 16 at Serena Hotel. AEO is a trade facilitation program which URA uses to ease trade. Under …
Read More »Coffee: Players speak out on how to increase production, earnings
Kampala, Uganda | JULIUS BUSINGE | Players in the coffee sector in Uganda and beyond have spoken out on what needs to be done for the crop to yield more tangible benefits to the people and the economy at large. Speaking at the African Fine Coffees Association Sustainability Day at Serena …
Read More »Coffee conference to boost Uganda’s targets
Kampala, Uganda | JULIUS BUSINGE | Officials from Uganda Coffee Development Authority (UCDA) are optimistic that the discussions and resolutions that will emerge from the 16th African Fine Coffee Conference and exhibition week will support Uganda’s big coffee sector targets. The conference that runs from Feb.14-15, will be held in Kampala …
Read More »Stanbic joins URA’s e-payment platform
Kampala, Uganda | JULIUS BUSINGE | Times of visiting banking halls and Uganda Revenue Authority (URA) offices to file tax returns could be over as the tax body continues to partner with financial institutions and telecom companies to offer online payment solutions. Stanbic bank, which collects a third of URA’s annual …
Read More »