Tag Archives: Julius Businge

By Julius Businge Senior economist Augustus Nuwagaba from Makerere University has called on government to spend resources on critical sectors like infrastructure, agriculture, manufacturing among others to grow the economy in the New Year, 2013. The central bank recently said the economy grew at 5.2% for the period ending December …

By Julius Businge The government of Uganda recently directed the Chinese embassy not to give out travel permits to Ugandan women under the age of 35 intending to travel to China for business. The directive came at a time amid reports that some women end up into prostitution instead of …

By Julius Businge Lawrence Bategeka, the acting principle and research fellow at the Economic Policy Research Centre at Makerere University has urged all players of the economy not to repeat the wrongs committed in the past year so we can have a better 2013. Bategeka told The Independent in an …

By Julius Businge The International Monetary Fund Senior Resident Representative in Uganda, Ana Lucia Coronel has said that there is a need for banks to put up stiff competition in the sector, if customers are to benefit. “There is competition but it is not strong enough to influence business decisions,” …

By Julius Businge The U.S. Mission in Uganda today (Dec.17) announced a contribution of $7.9 million toward agriculture and market access activities of the UN World Food Program (WFP), the UN’s agency said in a statement released on Dec. 17. The U.S. agency for International Development (USAID), through the U.S. …

By Julius Businge Charles Ocici, the executive director for Enterprise Uganda has advised the young entrepreneurs to always postpone some projects in their businesses whenever economic factors like inflation and the exchange rate become unfavorable. Ocici was speaking to The Independent in an exclusive interview in Kampala on Dec. 14. …

By Julius Businge The State minister for State Minister for Finance (Investments) Aston Kajara has asked investors in Uganda to support young entrepreneurs in boosting their businesses so as to improve on their welfare. Kajara was speaking at a graduation ceremony of over 500 entrepreneurs trained by Warid telecom in …

By Julius Businge Newton Jazire, the new managing director for Lion Assurance Limited has said they expect the year 2013 to be a good year for their business as the East Africa’s third largest economy’s economic indicators continue to improve. The country’s year-on-year inflation has dropped to 4.9% as of …

By Julius Businge The National Social Security Fund (NSSF) has recorded Shs3 trillion as its asset base for the period ending November 2012, the Fund’s  Managing Director, Richard Byarugaba told a press conference in Kampala on Nov. 6. Byarugaba said over the past 12 months, despite the harsh economic conditions, …

By Julius Businge Denis Mashanyu, the forex trader at Standard Chartered Bank says the Uganda shilling weakened against the US dollar during the week that ended Dec. 7 closing 2690/00 from the previous close of 2675/85. Mashanyu said the move came after the central bank cut the central bank rate …