Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile will Monday December 18, 2017 issue the Monetary Policy Statement for the month of December. Analysts are anticipating a further reduction in the Central Bank Rate (CBR), a benchmark lending rate for commercial banks. It worth noting that the Central Bank reduced
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The Uganda Shilling remained stable but leaning towards a mild appreciation on the back of inflows from NGOs and Diaspora remittances amid sparse trading during the week ending 15th December 2017. Trading was in range of 3605/3615. This is ahead of Monday’s Monetary Policy meeting which is expected to continue the
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The French Ambassador to Uganda, Stephanie Rivoal has warned Ugandans against unnecessary expenditures, noting that the country can’t develop without a strong savings culture. “Uganda is one of the countries with the lowest savings culture in the word,” Rivoal said, “Ugandans like spending. Majority working class [people] don’t save; only
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President Yoweri Museveni has blamed Ugandans for the poor state of the economy. He made the remarks on Friday during the annual Thanksgiving Service at State House, Entebbe under the theme "Blessed are the peacemakers for they shall be called children of God". He added that religious leaders should join
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Uganda Revenue Authority (URA) Friday released the ‘Shame list’ of over 100 tax defaulters. In total, the tax defaulters owe the tax body over Shs20bn. They have been given seven days to clear the outstanding dues lest-they face the law. URA is headed by Doris Akol as Commissioner General. Below
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Uganda’s largest power distributor, Umeme Limited has revealed that new connections backlog will be cleared before end of year. This follows Business Focus’ story indicating that Umeme had run out Yaka meters, affecting new customers/connections and consequently business. In an exclusive interview, Stephen Ilungole, the Stakeholder Relations Manager –Media and
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KCB Bank Uganda has trained potential banking agents in preparation for the roll out of agency banking services to Ugandans. According to Michael Ssekyondwa, the KCB Agency and Digital Finance Manager, the bank is expecting to officially start agency banking services early next year. “We have taken a lot of
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Umeme Limited, Uganda’s largest power distributor has run out Yaka meters, affecting new customers/connections, Business Focus has reliably established. Reports indicate that people who applied and paid for Yaka meters almost three months ago are yet to receive them as the power distributor continues to play ping-pong; a thing that
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The government of Uganda has revealed civil servants that will benefit from the first salary enhancements. Addressing journalists on Monday at Uganda Media Centre, the Minister for Public Service, Muruli Mukasa said the salary enhancement will be carried out in a phased manner. "Primary school teachers, secondary school teachers, soldiers
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Two Ugandans are among the 40 finalists from 19 countries set to win top Africa Entrepreneurship Award. This is after BMCE Bank of Africa announced the launch of the final phase of the 3rd African Entrepreneurship Awards. Devised and developed by the Group, the initiative provides support for African entrepreneurs,
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