The home unit opened 2021 in a downward spiral, undermined by a surge in demand from major market players taking positions ahead of the national elections. The shilling inched down to trade in the range of 3675/85 during the week ending January 8, 2021.In the regional markets, the Kenya shilling slightly
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Dead fish/courtesy photo Communities living in and around the shores of Lake Victoria have recently been concerned by the growing number of dead fish, especially Nile Perch, being washed ashore. The dead fish are not only an eyesore but also emit an offensive odor as the decomposition occurs. “However, preliminary
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Justice Simon Byabakama Mugenyi , Chairperson, Electoral Commission The Electoral Commission has given guidance to candidates, their agents, voters and the general public on the use of cameras and other recording devices inside polling stations on polling day. Presidential and Parliamentary Elections will be held on Thursday 14th January 2021. “While
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Uganda registered an in-crease in monthly coffee exports in the months of July, August and September surpassing the 500,000 bags mark. The increase is the highest since 1991. In July, Uganda saw the highest increase in coffee exports since the liberalisation of Uganda’s coffee industry in 1991. A total of
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Ballot papers for 2021 elections arrived in the country in late December 2020 Uganda’s Electoral Commission has spoken out on concerns of various stakeholders about the condition of some polling kits which have been delivered to districts with broken seals. “The Electoral Commission has established that seals on some of
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EC officials dispatching polling materials for special interest groups, presidential and parliamentary elections The Electoral Commission on Wednesday dispatched polling materials for special interest groups, presidential and parliamentary elections. In a statement released by the EC boss Justice Simon Byabakama, dispatch of the above materials will continue until all districts
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BoU Governor Prof. Emmanuel Tumusiime-Mutebile Risks to the economic outlook in the near term have brightened with the progress on the Covid-19 vaccines, signs of recovery in private demand and the additional boost to growth expected from fiscal policy, according to the Bank of Uganda Monetary Policy Report December 2020 “The
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Finance Minister Matia Kasaija has severally appeared before Parliament to seek approval for borrowing Uganda’s total public debt increased by 21.7 percent in FY2019/20, the Bank of Uganda (BoU) Monetary Policy Report for December 2020 has revealed. According to the report, external debt increased from US$ 8.35 to US$ 10.45 billion,
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The Capital Markets Authority (CMA) has cautioned the public that the so called “gifting club” operating via social media is actually a pyramid scheme that is doomed to collapse and offer nothing in return to several participants. The prospective investors have been promised gifts worth sh2,000,000 which is 10 times their
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URA will continue to carry out enforcement against anyone found in contradiction of the DTS laws and regulations In a recent enforcement operation, Uganda Revenue Authority (URA) enforcement officers received intelligence information about a motor vehicle headed city-wards to deliver unstamped gin. The URA team lured the vehicle by fronting
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