The long-awaited Parliamentary Committee of Commissions, Statutory Authorities and State Enterprises (COSASE) report on the controversial closure and sale of seven defunct banks by Bank of Uganda (BoU) is finally out. The investigations followed the special audit report by the Auditor General that raised a number of queries in the
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Lending rates and Non-Performing Loans (NPLs) in Uganda’s banking industry are gradually declining, a new report has revealed. The PwC report titled ‘Uganda Economic Outlook – 2019’, Average lending rates charged for shilling denominated loans have been gradually declining. As at June 2018, the shilling denominated loans average interest rates
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The Ugandan Government is projecting the economy to grow by 6.2% in the FY2018/19 going Uganda Bureau of Statistics (UBOS) latest data. This prediction is contained in the National Budget Framework Paper 2019/20 (BFP) published by the Ministry of Finance in December 2018. According to a report by PwC titled
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Orient Bank limited has boosted the National Social Security Fund (NSSF) Kampala Seven Hills Hash run-2019 with Shs15m sponsorship. NSSF Managing Director Richard Byarugaba received the sponsorship from Orient bank Managing Director Julius Kakeeto on Friday. The money will go towards organization of the annual charity run slated for March
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The Government of Uganda through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has issued new guidelines for coffee farmers and nursery operators aimed at achieving the 20 million bags per year target come 2025. Below is a statement from government; Since FY 2014/15, the Ministry of Agriculture, Animal
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The Anzisha Prize program which is a partnership between African Leadership Academy and Mastercard Foundation has just launched the call for 2019 applications. The prize is looking for Africa's most innovative social and business entrepreneurs between the ages of 15 and 22. Young entrepreneurs who apply will have the opportunity
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The Uganda shilling remained broadly stable as market players focused on settling mid month tax obligation during the week ending 15th February 2019. Demand was dull with trading confined in the range of 3665/3675, hardly unchanged from the opening session of the week. In the interbank money market, overnight funds
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It is abright morning on Thursday10, 2019 with no signs of rain visible in the skies. I and a colleague embark on a journey to Katindigo, a village located in Mpigi district about 15 kilometers off Kayabwe town along the Kampala–Masaka Road. Kayabwe, a town where the Equator line passes
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Kenya has beaten 14 African countries including Uganda to host the lucrative United Nationals Global Shared Service Centre. This is according to the Report of the UN Secretary General, Antonio Guterres titled ‘Global service delivery model for the United Nations Secretariat’ dated 8 January 2019. The report will soon be
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The Uganda Shilling was on the front foot buoyed by subdued demand against fairly large flows from commodity exporters, trading in the range of 3665/3675 during the week ending 8th February 2019. This is about 10/= shillings stronger compared with opening session at the start of the trading week. In
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