The time for Uganda’s budget speech for the Financial Year 2017/18 is fast approaching. According to the Public Finance Management Act, 2015, Members of Parliament are expected to have passed the Budget by May 30 in preparation for the Budget Speech in June. The budget is read by the Minister
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Recently, the Uganda Tourism Board hired three foreign Public Relation firms that will be assisting it to run campaigns in their respective countries. The firms; KPRN that will handle the German market in Europe, PHG Consulting in North America and Kamageo for the United Kingdom are well versed with tourism
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To beat off competition from the mushrooming pay TV players, Multichoice Uganda on Tuesday March7, 2017 introduced two brand incentive programmes to appreciate their loyal customers. ‘DStv THANKS’ and ‘GOtv WOW’ will offer exciting rewards and recognition to subscribers for their commitment and loyalty to the brands. Exciting rewards include
Read MoreMany local and foreign investors are increasingly investing their hard earned money in Uganda’s real estate sector. Many have described it as being lucrative, something that has seen many rush to take a nibble into the much touted profitable sector. It is worth noting that with the birth of Property
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At 30 years of age, it is quite unbelievable for one to quit a job paying him or her Shs30m per month to venture into business-without guarantee of success given the high risks associated with business in Uganda and the high levels of unemployment. However, Maxima Nsimenta, 30, a graduate
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On January27, 2017, the Central Bank of Uganda, the Bank of Uganda (BoU) announced that dfcu had acquired Crane Bank. It was revealed that dfcu beat off competition from other 12 financial institutions to emerge winner. “… Bank of Uganda has now transferred the liabilities including deposits of Crane bank
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A whooping Shs1.3trn is said to be missing from Uganda’s Petroleum Fund, Business Focus exclusively reports. We have established that top bosses from the country’s Finance Ministry have been tasked to explain the whereabouts of money from oil revenues that are meant to be in the Petroleum Fund. Uganda’s Finance
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The US embassy in Kampala is inviting Ugandan youths with business ideas to apply for a business training opportunity scheduled for March 17-18, 2017. In a public notice, the embassy says the youths aged between 18 and 30 with “a business or social enterprise idea” are encouraged to apply and
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The Uganda Securities Exchange (USE) on Tuesday morning launched its new online customer self-service, Easyportal in a move that is expected to ease access to information by investors locally and abroad. The new portal is expected to boost market activity. This tool was launched by Charles Mbire, the B.O.D chairman
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Uganda’s economy has come under scrutiny of late. This is because it (the economy) is performing poorly as witnessed by a number of businesses that have closed shop in the last few years. Local companies that have fallen due to a weak economy include but not limited to Crane Bank, WBS,
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