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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By Christopher Mulindwa We had a detailed discussion on wean to market as an independent production business in part 3. In this part, we are discussing Wean to Finish and stock to fatten/finish as independent production businesses too under small/medium and large investments. ALSO READ: GUIDE: What To Consider When
Read MoreMembers of Parliament on the Parliamentary Human Rights Committee are set to interface with Presideynt Yoweri Museveni over human rights viloations witnessed during the 2021 Presidential campaigns. The Speaker of Parliament, Rebecca Kadaga last week directed the same committee to investigate and report to parliament in a month allegations that
Read MoreCMC Country Manager, Mark Davidson at the launch of the Ford Raptor recently The Cooper Motor Corporation (CMC), the authorised dealer of Ford, Mazda, Suzuki, New Holland tractors and Eicher trucks and buses is set to open more than 10 service centres nationwide. CMC Service Manager, Samuel Ssenvuumo says the
Read MoreThe Leader of opposition Betty Aol Ocan (pictured) has welcomed the step by the National Unity Platform (NUP) challenging President Yoweri Museveni victory in the supreme court. Ocan said that this will expose the election rigging and violence that marred the campaigns. She however said that nothing much will change except their effort being frustrated by the some of the
Read MoreUgandan Ambasador to Saudi Arabia, Isaac Ssebulime has halted job orders from Uganda after the embassy run broke. This has seen over 4,000 Ugandan workers lose an opportunity to work in Saudi Arabian labour companies that had issued an order of 4000 Ugandans to work as maids, nurses, English teachers and warehouse workers.
Read MoreThe Speaker of Parliament Rebecca Kadaga (pictured) has advised newly elected MPs to go slow on loans from commercial banks and money lenders. “I appeal to newly elected MPs not to fall prey to commercial banks and money lenders, especially before being sworn into office -- in June -- and
Read MoreThe Uganda Coffee Development Authority (UCDA) has released the annual 2020 coffee exports report, indicating that exports for the calendar year (January 2020 to December 2020) totaled to 5,492,525 bags worth US515.94 million approximately (Shs1.902Trn), compared to 4,519,563 bags worth US$436.54 million equivalent to (Shs1.610Trn) the previous year. This represents
Read MoreUganda's Minister of Finance and Economic Development, Hon Matia Kasaija commissioned the construction of the Entebbe International Airport Free Zone. The Minister observed that the Uganda Free Zones Authority investment was a flagship project fully funded by the Government of Uganda and complements other Government funded national projects such as;
Read MoreThe World Bank has committed $12 billion to African countries to support vaccination programs across a continent that hasn’t been able to keep pace with developed nations’ rollouts. The World Bank money will be in the form of grants or on “highly concessional terms,” said David Malpass, president of the World Bank,
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