Kampala, Uganda | THE INDEPENDENT | In debating just access to loans to farmers alone, the country is missing key ingredients that make the agriculture sector unattractive to financiers. This was the key message at the annual bankers’ conference at Serena hotel on Tuesday where banking executives discussed how they …
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Kampala, Uganda | Julius Businge | Financial inclusion statistics count most when they reflect the unlocking of economic potential through harnessing natural resources, most especially through job creation; thereby reducing poverty and fostering prosperity for all. Those were some of the words that Governor of Bank of Uganda Emmanuel Tumusiime Mutebile …
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Behind Nakalema, Akullo investigation Kampala, Uganda | HAGGAI MATSIKO | At 10am on June 12 Col. Edith Nakalema, Assistant Inspector General of Police (AIGP) Grace Akullo and their team arrived at Bank of Uganda (BoU). Nakalema who is the head of the Anti-corruption Unit-State House and Akullo who is the …
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What went wrong? Kampala, Uganda | HAGGAI MATSIKO | “This is a serious issue,” muttered Bank of Uganda Governor Tumusiime Mutebile when he heard about at it. A plane chartered to transport new currency notes to Uganda from France had on April 27 landed at Entebbe Airport with cargo not …
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‘No’ to printing elections money, but is raiding the budget any better? Kampala, Uganda | HAGGAI MATSIKO | Hidden in plain sight. That is what President Yoweri Museveni’s campaign money for the 2021 election looks set to be, according to experts. They say the money is this time in the …
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Rwanda tension cited in supplementary budget, but why does govt want Shs1.5 trillion? Kampala, Uganda | HAGGAI MATSIKO | The government intends to push US$320 million (Approx.Shs1.2 trillion) worth of supplementary budgets through parliament in the next two months, The Independent can exclusively report. The money must be passed urgently before …
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Why Uganda’s economy is dominated by multinational capital and what cannot be done about it THE LAST WORD | ANDREW M. MWENDA | We begin from where we stopped last week. Uganda’s growing economy served three critical purposes: It increased government revenues, gave greater confidence to donors to give more …
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MUTEBILE: What happens next? Kampala, Uganda | HAGGAI MATSIKO | Anxiety is building about what the future holds for management of Uganda’s economy as the curtain slowly comes down on three prominent figures; Bank of Uganda Governor Tumusiime Mutebile, his deputy Louis Kasekende at Bank of Uganda, Secretary to the Treasury …
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Can Kasekende, Mutebile, Ssekabira, Bagyenda escape? Kampala, Uganda | HAGGAI MATSIKO | Fire. Prosecute. Jail. These appear to be some of the recommendations many expected to be in the report that Abdul Katuntu, the Bugweri County legislator and chairman of the Parliamentary Committee on Commissions, Statutory Authorities, and State Enterprises …
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Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …
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