By Julius Businge A team of information technology experts from the South Korean National Information Technology Promotion Agency (NIPA) is in Uganda to undertake a feasibility study for the establishment of implementation of a Government Integrated Data Center (GIDC), Disaster Recovery Site (DRS) and Shared Services and Public Key Infrastructure …
Read More »Government told to hurry the passing of anti-money laundering bill
By Julius Businge Government has been urged to immediately pass the anti-money laundering bill so that all matters related to the vice are well handled. Money laundering which is a process of concealing the source of large amounts of money that have been gained through illegitimate means is said to …
Read More »World Bank endorses report to fund Uganda
By Julius Businge The World Bank’s Board of Executive Directors have discussed and endorsed the progress report of the Country Assistance Strategy (CAS) for Uganda that will guide the support of the World Bank Group to the country for the remaining two years (2014-2015) of the CAS. The CAS is …
Read More »Economic growth is about forcing people to work, say expert
By Julius Businge Lawrence Bategeka, the acting principle at the Economic Policy Research Centre (EPRC) at Makerere University has urged government to force Ugandans to participate in productive ventures, if poverty levels are to reduce. Bategeka says the move will also see economic growth in a positive direction. Uganda’s economy …
Read More »World Bank, DFID to release tourism report
By Julius Businge The Ministry of Tourism, Wildlife and Antiquities (MTWA), in partnership with The World Bank and DFID will be launching a report on the current status of the Tourism Industry in Uganda on Aug 1 in Kampala. A statement released by the bank on July 29 says the …
Read More »South Africa’s former finance minister set for Joseph Mubiru lecture
By Julius Businge The Bank of Uganda has set Aug.2 as a date for this year’s Joseph Mubiru Memorial Lecture which will be held on Friday, August 2 at the Kampala Serena Hotel, starting at 2.00pm. An official statement signed by the Director for Communications at the Bank, Jan Tibamwenda, …
Read More »Kalangala Infrastructure Services starts works on Bugala Island road
By Julius Businge Kalangala Infrastructure Services (KIS) has started construction of the 66km main Bugala Island road as part of the four major projects aimed at opening up the island to major trading centres across the country. The other components under the KIS project include providing ferry transport services, water …
Read More »Ugandan shilling appreciates Vs US dollar
By Julius Businge The Uganda shilling appreciated during the week that ended July 5 to trade 2575/85 from 2590/00 per US dollar after policy makers maintained the key lending rate at 11% citing inflationary pressures. Traders said the market saw good dollar selling interest before energy and manufacturing sub-sectors’ demand squared off …
Read More »‘Has the road to your home been completed?’
By Julius Businge The government plans to send you that SMS soon, but is it what you really want? A few weeks after Maria Kiwanuka read the budget, officials from her Finance ministry and the Uganda Revenue Authority (URA) are showing how transparency and accountability will drive its implementation. At …
Read More »Standard Chartered Commits $2billion to “Power Africa”
By Julius Businge Standard Chartered Bank has committed to financing more than US$2 billion in energy projects under the Power Africa Initiative, a five-year partnership between the United States, six African governments and the private sector. It said the partnership represents a coordinated cross-border effort to build the regulatory, economic …
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