Tag Archives: Julius Businge

By Julius Businge Bank of Uganda today (Dec. 3) announced a marginal fall in the central bank rate (CBR) by 50 basis points from 12% in November, 2013 to 11.5% in December. While announcing the new rate before the media, Central Bank Deputy Governor, Louis Kasekende said the reduction was …

By Julius Businge Bank of Uganda has officially announced the commencement of the East African Cross Border Payment System (EAPS) that links the real time gross settlement systems (RTGS) of the EAC member countries. Joyce Okello, the director payments and settlement at the Bank said the platform went live on …

By Julius Businge A new survey released by the World Bank and other partners- Uganda Service Delivery Indicators (SDI) indicates that Uganda is still failing to achieve optimal performance in schools and health centres. The Independent’s Julius Businge interviewed Ritva Reinikka, the World Bank’s director for Human Resource Development for …

By Julius Businge  Power distributor, Umeme Uganda Limited, in line with its dividend policy has announced an interim dividend of Shs 8 per share approved at its meeting held on Nov. 14, it said in a note released on Nov. 18. The Board of Directors of the Company resolved to …

By Julius Businge Five reasons why taking that HIV test is long overdue On Nov. 8, President Yoweri Museveni took an HIV test at Kiswa Health Center IV in Bugolobi before the glare of cameras in gesture he believes would re-energize the fight against the disease by curbing new infections.  …

By Julius Businge The National Social Security Fund (NSSF) has today (Nov. 13) unveiled a master plan for the construction of 2, 741 housing units in Lubowa estate, which it acquired 10 years ago. When development starts, later in 2014, it will be the first investment on the estate that …

By Julius Businge This is the second straight month the Central Bank of Uganda is staying its policy interest rate, the central bank rate (CBR) unchanged at 12%, Governor Emmanuel Tumusiime Mutebile told a news conference in Kampala on Nov. 4. The policy rate stood at 11% in August before …

By Julius Businge France and the government of Uganda have signed a concessionary loan agreement totaling to about $23m to finance the construction of the Nkenda-Fort Portal-Hoima transmission line to evacuate electricity from the proposed thermal power plant at Mputa oil field in Hoima. The 220 kV line is also …

By Julius Businge On the eve of two major agriculture summits in Mauritania and Senegal, the World Bank is urging African countries and communities in the Sahel and the international development community to help protect and expand pastoralism on behalf of the more than 80 million people living in The …

By Julius Businge President Yoweri Museveni has today commissioned the construction of the ultra modern Nakawa-Naguru satellite town with a call to the constructors to implement the project on time and expose saboteurs, according to a media release from State House dated Oct. 14. “Prove those ignoramus people and saboteurs …