Tag Archives: Julius Businge

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 …

By Julius Businge Uganda will tomorrow-Dec. 7 host the 6th National Competitiveness Forum at the Kampala Serena Hotel starting at 8:00am, under the theme: Youth in Innovation and Entrepreneurship for Economic Transformation. The Keynote speaker for the Forum is Professor Ricardo Hausmann from the center of International development at Harvard …

By Julius Businge The ministry of trade, Industry and cooperatives has started registration of all foreign traders in the Greater Kampala (Kampala Capital City Authority, Mukono and Wakiso districts), the ministry announced in a local news paper on Dec. 5. “The ministry has received persistent complaints from the business community …

By Julius Businge The Uganda Manufacturers Association has issued a statement opposing the Electricity Regulatory Authority’s (ERA) planned move to review and implement the automatic power tariff scheme for the next seven years, the body said in a press statement published in a daily newspaper on Dec. 5. “UMA is …

By Julius Businge The Bank of Uganda has today-Dec. 7 announced that the 1987 series banknotes will cease to be legal tender on March 30, 2013. Addressing a press conference at the Bank’s head offices in Kampala on Dec. 6, Louis Kasekende, the deputy governor said the public should not …

By Julius Businge Uganda, which is the third largest economy in East Africa expects to record over $700million as remittances earned by Ugandans living in foreign countries, a top Bank of Uganda official has said. Speaking to journalists at the Bank’s head office in Kampala on Dec. 4, Adam Mugume, …

By Julius Businge The Bank of Uganda Governor, Emmanuel Tumusiime Mutebile, has said that if donors go ahead and cut aid to Uganda, the country’s economic growth rate will reduce by about 0.7%. “That’s if they cut because we hear some have cut and others haven’t,” Mutebile told a press …