The Uganda Communications Commission and Uganda Tourism Board are two government agencies with two divergent mandates, but they share a deep sense of duty to grow the film industry in Uganda. This shared sense of duty has gradually developed into a bond that is set to be formalised through a
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dfcu Limited (‘dfcu”) has informed its shareholders and the public that CDC Group PLC, a Development Finance Institution owned by the British Government, headquartered in London has sold all the 74,580,276 shares it held in dfcu to the Investment Fund for Developing Countries (“IFU”), a Development Finance Institution owned by
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The International Monetary Fund (IMF) has approved a financing package for Somalia In a statement, Kristalina Georgieva (pictured), Managing Director of IMF said: “Today, the IMF Executive Board approved a financing plan that will help mobilize the resources needed for the IMF to cover its share of debt relief to
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The third edition of the Mastercard Index of Women Entrepreneurs (MIWE) has listed three African countries as global leaders in terms of women-owned businesses. Uganda, Ghana and Botswana are ranked as the top three countries with the highest percentages of women-owned businesses across the 58 markets evaluated around the world.
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The Danish Ambassador to Uganda, Nicolaj Hejberg Pedersen and Uganda’s Minister of Finance, Matia Kasaija Tuesday signed a grant agreement worth Shs19 billion that will contribute to the Government of Uganda’s efforts in ensuring more effective, efficient and accountable use of resources. For close to three decades, Denmark has partnered
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President Yoweri Museveni has ordered the new Minister of ICT and National Guidance, Judith Nabakooba to ensure that government buys locally developed Information Communication Technology (ICT) solutions as a way of promoting Buy Uganda, Build Uganda (BUBU) policy. The President made the directive Tuesday while officially launching the inaugural National
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On December 16, 2019, the Executive Board of the International Monetary Fund (IMF) approved a disbursement to the Democratic Republic of Congo under the Rapid Credit Facility (RCF) in the amount equivalent to SDR266.5 million (about US$368.4 million, 25 percent of quota) to enable the authorities to meet their urgent
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Uganda’s economy has generally been stable in 2019, with inflation contained below 5% and the exchange rate despite being weak trading stable for the better part of the year. The Central Bank Rate (CBR), a benchmark lending rate for commercial banks has also remained stable at 10% only reducing to
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Uganda’s richest man and biggest landlord, Sudhir Ruparelia (pictured above) has revealed that the future of real estate sector looks bright as oil production nears. Asked about his view on the year 2019 for the property sector, Sudhir said it was quite a challenging year. “It has been a slow
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A top Chinese owned Supermarket, Shopping Union has joined the Ugandan market and opened shop at the magnificent Kingdom Kampala Mall. This is the second anchor client for Kingdom Kampala Mall owned by property mogul Sudhir Ruparelia after Sekanyolya Systems opened shop at the mall barely a month ago. Shopping
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