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
Read More
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
Read More
The Independent Online Journalists Association-Uganda (indoja-U) , an umbrella body for online publishers in Uganda has condemned the continued harassment of both online and mainstream media. This is after Police arrested British Broadcasting Cooperation (BBC)-Africa journalists, and Vivian Nakaliika, wife to NBS TV’s investigative journalist and news anchor Solomon Sserwanja
Read More
Bank of Uganda has maintained the Central Bank Rate (CBR), a benchmark lending rate for commercial banks at 10 percent in February 2019. This is according to a Monetary Policy Statement issued to the press today by Governor Bank of Uganda, Prof. Emmanuel Tumusiime - Mutebile. Mutebile said although inflation
Read More
Every year, Business Focus lists top Chief Executive Officers (CEOs) and business personalities that would define events of a new year. This is largely because these top managers are responsible for key actions and decisions taken in their respective entities which feed into the general performance of the economy. In
Read More
The government has procured brand new tractors for farmer groups across the country. The tractors, under the bran name, ‘New Holland’were purchased through the National Agricultural Advisory services (NAADS) to cement efforts aimed at mechanizing agriculture and improving farm productivity. Numbering 110, the tractors, which will be officially handed over
Read More
The ongoing investment in refining, petrochemicals, fertilizer and gas is driven by the desire to bring innovation and efficiency into all aspects of Nigeria’s oil and gas sector, the President/Chief Executive, Aliko Dangote has said. Dangote, who made this disclosure Sunday at the ongoing Nigeria International Petroleum Summit in Abuja,
Read More
The Uganda shilling strengthened as demand remained dull with very weak appetite for dollars during the week ending 25th January 2019. On the supply side, dollar inflows improved, following renewed interest by offshore investors in the bond market. Trading was in the range of 3685/3695. In the Interbank money market,
Read More
It has been raining in various parts of the country for the most part of this month, something that has left farmers confused on whether the normal rainfall season has started. In fact, some farmers have already started planting various crops. However, Uganda National Meteorological Authority (UNMA) says the rainfall
Read More
The Uganda National Bureau of Standards (UNBS) has spoken out on the quality of Simba Cement on the Ugandan market. This follows media reports that the cement is lacking in quality. In a statement dated January 24, 2019, UNBS said:“Our attention is drawn to information circulating on social media and
Read More
