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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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Kampala, Uganda | JULIUS BUSINGE | The Insurance Regulatory Authority (IRA) has so far issued eight certificates to banks to offer bancassurance (selling insurance policies) to their clients as one way of boosting the sector’s growth. Speaking at a press conference in Kampala on Feb.08, IRA officials including the Chief Executive …
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Kampala, Uganda | JULIUS BUSINGE | George Inholo is the managing director of clay products maker, Uganda Clays Limited. He spoke to The Independent’s Julius Businge about their operations and industry issues. How would you describe business at Uganda Clays as we speak? Talking about 2017, the key thing to note …
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Kigumba Petroleum Institute has trained just 133 locals with certificates and diplomas in oil and gas Kampala, Uganda | JULIUS BUSINGE | Uganda will start investing in the oil and gas infrastructure ahead of the planned production in 2020 but there are indication that majority of the work will be undertaken …
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Auditor General lists weak government departments | Political will to do things is zero, says civil society NAADS (corruption), Ministry of Finance (domestic arrears, funding shortages) Public universities (unapproved salaries) Local governments (low absorption), URA (tax exemption follow-up, low targets, missed royalties gold) Ministry of Lands, Housing and Urban Development …
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