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News

Uganda’s Cabinet Approves Shs2.37 Trillion Borrowing To Finance Deficit Budget

Finance Minister Matia Kasaija has severally appeared before Parliament to seek approval for borrowing Uganda’s Cabinet has approved the proposal to borrow up to USD 166 Million (609.8bn)  and Euro 200m (Shs884.5bn) from the African Export Import Bank (AFREXIM); andd Euro 200m  (884.5bn)from Trade & Development Bank, to finance the development and infrastructure budget

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EntrepreneurshipNews

Young Innovators At Universities Asked To Protect Their Creations To Reap Benefits

An image of the low-cost ventilator prototype developed by Makerere University to aid in the treatment of patients with COVID-19.  Intellectual property (IP) protection has been deemed critical for protecting Uganda’s proprietary designs, processes, and inventions that, if leaked to competitors or made public, could ruin the country's market advantage

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Analysis & Opinions

Worry As Kenya’s Public Debt Jumps To UShs243.7 Trillion

Kenya borrowed KSh27.4 billion (UShs901.5bn) in December last year, pushing the country’s public debt to KSh7.3 trillion (UShs243.7 trillion). The latest data from the Central Bank of Kenya (CBK) shows that in six months, the Treasury borrowed KSh688.2 billion (UShs22.9 trillion) against a projected Budget hole of around KSh1 trillion (UShs33.36 trillion) for the financial

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