Traders in Kikuubo, Kampala. Business conditions for Uganda’s private sector were unchanged at the start of the fourth quarter of the year, following two months of improvement, the latest Stanbic Purchasing Managers’ Index (PMI) released today reads in part. The headline Stanbic PMI for October was 50.0, the no-change mark
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By Denis Jjuuko Somebody who had spent half the year planning for an event with many visitors expected in the country told me that most of his delegates had decided not to come for health reasons. They feared the outbreak of Ebola in the country and decided that they would
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By Dr. Ian Clarke While I have argued that Uganda should be free to extract its oil from the Lake Albert basin, I am also a strong supporter of Uganda going green. The money derived from the exploitation of oil should be used to prepare us for climate change and
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Michael Atingi-Ego, the BoU Deputy Governor The Bank of Uganda (BoU), the Uganda Institute of Banking and Financial Services (UIBFS), the Uganda Bankers' Association (UBA), financial sector regulatory institutions, financial service providers, development partners, and other stakeholders have jointly invited all savers to entrust their money with the regulated financial institutions.
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President Museveni (R) and Ruto Kenya’s new government took full charge of affairs on Thursday, following the swearing-in of the cabinet ministers. All ministers except Peninah Malonza, who was nominated for Tourism, Wildlife, and Heritage, successfully went through the vetting process by the vetting committee that concluded work on Tuesday.
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Jenifer Bamuturaki, the Chief Executive Officer of Uganda Airlines, has won the coveted Africa Travel 100 Award which recognises exceptional women in the travel and tourism sector. She has served as the Commercial Director of Uganda Airlines, responsible for Commercial, Sales & Marketing, scheduling and network planning end-to-end management and
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By Denis Jjuuko In the late 1990s, at every little gathering, people especially men converged in every little corner and made their nails dirty. They were scratching for cash and Hyundai cars. Like in all such lotteries, a few people would be winning hence more people buying the tickets
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Nakumatt Supermarket is one the several companies which have been put under ministration as the end of last year. As companies collapse from tough economic times the fate of their workers and whether they get paid their benefits has come into sharp focus. With the outbreak of Coronavirus, companies across
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In September 2022, Uganda government collected revenues and grants amounted to Shs2,056.49 billion against a target of Shs1,922.98 billion, resulting into a surplus of Shs133.50 billion, says the Ministry of Finance’s Performance of the economy macroeconomic policy department monthly report for September 2022. “This was attributed to a surplus in
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Commercial banks have increased their lending rates after the Central Bank increased the Central Bank Rate (CBR), a benchmark lending rate for banks. However, Ugandans are largely borrowing for consumption rather than production purposes. The Bank of Uganda (BoU) increased the Central Bank Rate to 10% in October 2022, the
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