International tourist arrivals grew 4% from January to June 2019, compared to the same period last year, according to the latest UNWTO World Tourism Barometer published ahead of the 23rd World Tourism Organization General Assembly. Growth was led by the Middle East (+8%) and Asia and the Pacific (+6%). International
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The Uganda shilling held its ground on account of sagging demand as interbank market players unwound positions. Trading was in the range of 3675/3685. In the shilling interbank market, overnight funds quoted at 7% while one week funds traded at the previous level of 10%. In the fixed income market,
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Uganda Revenue Authority (URA) Tuesday 3rd September, 2019 launched this year’s Taxpayers Appreciation Month (TPAM) that will focus on the Small and Medium Enterprises (SMEs). TPAM involves a series of serialized activities to appreciate and recognize taxpayers. The theme for this year is “Every Taxpayer Counts”. Addressing journalists at URA
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There are two types of coffee – Robusta and Arabica. Robusta grows in low altitude areas and Arabica in high altitude areas. Coffee is one of the cash crops that can easily eradicate poverty. Below are tips on how to ensure you establish a coffee garden as recommended by Uganda
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The Uganda shilling was relatively stable all week trading within a range of 3683/3693 supported by end month flows from commodity exporters and charities. In the local shilling market, overnight funds were quoted at 7% and one week held at previous week’s average of 10%. In the fixed income market,
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The United States Embassy in Uganda has expressed disappointment over President Yoweri Kaguta Museveni’s refusal to assent the controversial Genetic Engineering Regulatory Bill into law for the second time. “[It is] disappointing to hear that the future of the Genetically Engineered Regulatory Act (GMO bill) is still in doubt. Government
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A new report has revealed the state of Uganda’s indebtedness, with public debt growing by 22% in the last two financial years. “Uganda's Public debt stock increased by 22% from Ushs.34.423.52 trillion recorded in the FY 2016l17 to Ushs.42.07047 trillion in the FY 2017/18. The existing debt stock constitutes of
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An agreement between Tullow Oil and two international oil companies to share the costs of developing a Ugandan oil field has been terminated, leaving Tullow to find new partners, Business Focus understands. It should be noted that on January 9, 2017, Total and Tullow entered into a Sale and Purchase
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The Sasakawa Association will work with the Japan International Corporation Agency (JICA), to help double rice production to 50 million tonnes by 2030. Japanese Prime Minister Shinzo Abe made the announcement at the Sasakawa Africa Association (SAA) symposium held on Wednesday during TICAD7. “Japanese technology can play a key role
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On 28th August 2019, at a press conference held at the Provincial Secretariat, Namirembe, the Rt. Rev. Edison Irigei, Dean of the Church of Uganda, announced that the Rt. Rev. Dr. Stephen Samuel Kaziimba was elected the 9th Archbishop of the Church of Uganda. The election was held during a
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