Dr. Wambaka explains to stakeholders how the RAP was done Government through the Ministry of Tourism has lauded Ugandan genius Dr. Kosea Wambaka for finally setting the pace for the rollout of the Source of the Nile Development Project (SONDP). According to Daudi Migereko, the Chairman Uganda Tourism Board (UTB),
Read More
The Minister of Finance, Matia Kasaija (pictured) Thursday afternoon unveiled the national budget for Financial Year 2023/2024 amounting to Shs52.7 trillion. Under the theme ‘Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access’, the 2023/24 budget will see Uganda ‘live within
Read More
A total of 157,209 passengers passed through Entebbe International Airport in May 2023, an average of 5,071 per day, Uganda Civil Aviation Authority (UCAA), has said. Vianney M. Luggya, the UCAA Spokesman, says this comprised 77,912 departures and 79,297 arrivals. “The May traffic was higher than the April 2023 traffic by
Read More
A photomontage of bank Chief Executive Officers and Managing Directors Total customer deposits for Uganda’s banking industry grew to Shs31.53 trillion in 2022, up from Shs28.17 trillion recorded in 2021, an exclusive analysis by Business Focus, reveals. Customer deposits is one of the key performance indicators for banks. They (banks)
Read More
The Minister of Works and Transport, Gen. Katumba Wamala (2nd Left) and Uganda Airlines CEO, Jennifer Bamuturaki (2nd Right) at the launch of the 55th African Airlines Association Annual General Assembly. They are flanked by Uganda Airlines cabin crew members The Minister of Works and Transport, Gen. Katumba Wamala, has said Uganda hosting
Read More
Ramathan Ggoobi launching the Budget Month for FY 2023/24 The Secretary to the Treasury, Ramathan Ggoobi, has painted a rosy picture for Uganda’s economy, noting that by the end of FY 2023/24, Uganda’s GDP is projected to expand up to Shs206.54 trillion (equivalent to USD54.99 billion). “This in turn is projected
Read More
A photomontage of bank Chief Executive Officers and Managing Directors Commercial banks extended loans to customers totaling Shs19.1 trillion in 2022, up from Shs17.14 trillion recorded in 2021, Business Focus exclusively reports. This represents a growth of 324.99%. It’s important to note that commercial banks are required by law to publish
Read More
The Government of Uganda plans to abandon a move to borrow Euro500M (Shs2.008Trn) from Amarog Capital Ltd, Sovereign Infrastructure Group and other financial institutions, after discovering that Amarog is a private money lender operating in agriculture sectors in Kenya and Uganda. The Minister of State for Finance (General Duties), Henry Musasizi (pictured),
Read More
Fred K. Bamwesigye (C), the Director General at UCAA addressing the press as Captain Aziz Sentamu (L), the President- UPPA and Vianney M. Luggya (R), the UCAA Spokesperson, look on The Uganda Professional Pilots Association (UPPA) in partnership with Uganda Civil Aviation Authority (UCAA) has organized an aviation expo themed
Read More
Eng Kuta is targeting 80,000 kilograms of kasse in 2024/2025 About nine kilometers along Kikyusa road off Kampala-Gulu Highway is Kikerege Trading Centre and a few meters behind it is JBK Farm. The 30-acre farm belongs to Jossy Balissa Kuta, a Biomedical Engineer, who is so knowledgeable and passionate about coffee
Read More
