The construction and infrastructure sector contribute significantly to Uganda’s Gross Domestic Product (GDP), accounting for 12% Kampala, Uganda | JULIUS BUSINGE | The Uganda National Association of Building and Civil Engineering Contractors (UNABCEC), in collaboration with the Ministry of Works and Transport, is set to commemorate three decades of excellence in …
Read More »Mining sector blues
Experts want the government to offer incentives to bolster the sector’s growth Kampala, Uganda | JULIUS BUSINGE | Private sector players have called on the government to offer incentives to players in the mining sector to bolster its growth and create opportunities. Frank Mugyenyi, Founder of Global Minerals Africa Development …
Read More »Uganda’s financial sector is defective- Suruma
Kampala, Uganda | THE INDEPENDENT | Former finance minister Prof Ezra Suruma has said that Uganda’s financial sector is defective and should be reformed to serve all Ugandans. Suruma said that three decades after liberalization, the banking sector has not reached the ordinary grassroots Ugandan even though the World Bank and …
Read More »COMMENT: Meaning of banking sector results
Mobile money to the rescue as banking sector remains too shallow to leverage financial inclusion COMMENT | ENOCK NYOREKWA TWINOBURYO | In line with statutory requirements, all banks are supposed to publish their financial statements by the end of April of each year. The published banks’ results for 2017 are …
Read More »Informal sector eating up global workforce – UN study
Zurich, Switzerland | THE INDEPENDENT | More than 61 percent of the global workforce earns their livelihoods in the informal sector, with no social protection, rights at work and decent working conditions. Majority of these (85.8 percent) are in emerging and developing economies in Africa. The findings are revealed in …
Read More »How can Uganda boost its industrial sector?
Study shows sector is worse off today than it was eight years ago Kampala, Uganda | JULIUS BUSINGE | How has the Uganda’s Industrial Policy performed since it came into existence 10 years ago? Is it at par with the changing socio-economic issues? Will it be redesigned in such a …
Read More »COMMENT: Corruption in Road sector
Could remedy be e-governance? COMMENT | CISSY KAGABA | The Government of Uganda has since 2008 prioritised road construction and maintenance by committing a substantial part of the budget towards the same. Uganda spends over Shs3.3 trillion ($1b) annually on public infrastructure and roads still receive a lion’s share of the …
Read More »London house prices in first annual fall since 2009
London, United Kingdom | AFP | The average price of a home in London dropped in 2017 for the first time in eight years on fallout from Brexit, data showed on Thursday. While prices were up nationwide, they were down in London for the first time since 2009, mortgage lender …
Read More »COMMENT: Being middle-class
Why the private sector’s hype about the consumer habits of the African middle class isn’t helpful COMMENT | HENNING MELBER | The African middle class is of huge interest to business. This was confirmed again recently by well attended seminars in South Africa’s big cities to discuss “African Lions: groundbreaking study on the …
Read More »VIDEO: UNOC urges private sector to invest in oil reserves
VIDEO: UNOC urges private sector to invest in oil reserves Kampala, Uganda | NTV UGANDA | Once Uganda builds its fuel reserve capacity to atleast 100 Million litres within the next 2 years, it could contribute towards the stability of the supply within the country. Daily consumption is at 5.5 million …
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