Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …
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Kampala, Uganda | JULIUS BUSINGE | Deputy Speaker of Parliament Jacob Oulanyah has appealed to Members of Parliament, Equal Opportunities Commission, and institutions of government and others to champion equal opportunities for all. “The future of our great nation among other things largely depends on the importance we attach on issues …
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Mark Ocitti is the managing director at Uganda Breweries Limited. He spoke to The Independent’s Julius Businge on the sidelines of a joint roundtable press briefing held in Kampala recently. You have spent a year at UBL. What experiences have you noted so far? I inherited a great team …
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How addition of Single Customs Territory is changing cross-border business Kampala, Uganda | JULIUS BUSINGE | Imagine you are a trader in Uganda importing goods requiring 500 trucks. Under what has until now been the Uganda Revenue Authority (URA) system, each truck would require its own customs clearance entry costing …
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Kampala, Uganda | JULIUS BUSINGE | President Yoweri Museveni is expected to attend this year’s Uganda Revenue Authority (URA) taxpayer’s appreciation week taking place from Sept. 27-29 at Kololo Independence Grounds. The 12th event is open for the general public. This time around, beyond URA sharing taxpayer information, other government ministries and …
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Kampala, Uganda | JULIUS BUSINGE | The European Union plans to invest over Shs 420 billion in small and medium enterprises that are environmentally friendly in the coming few years, according to Cedric Merel, the head of corporation at the European Union office in Uganda. Merel was speaking on Sept. 05 at Sheraton Hotel …
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Performance of the economy likely to determine profitability going forward Kampala, Uganda | JULIUS BUSINGE | Dfcu bank’s net profit more than quadrupled to Shs 114bn for the six months ending June 30 after the acquisition of Crane Bank but analysts remain cautious on whether the bank will maintain the …
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Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation reduced from 5.7% for the year ended July 2017 to 5.2% for the year ending August 2017, representing a 0.5 percentage point drop, Uganda Bureau of Statistics announced on Aug. 31. The statistics body attributed the drop to the decline in …
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Kampala, Uganda | JULIUS BUSINGE | Uganda Breweries Limited (UBL) has asked government to create a fair operating business environment by urgently banning alcohol sold in sachets. Speaking at a media roundtable with business journalists in Kampala on August 30, Mark Ocitti, the managing director of UBL said some unregulated dealers …
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Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …
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