The Bank of Uganda (BoU) has decried continued government borrowing from domestic banks, a thing that is crowding out private sector. The remarks were made by Prof. Emmanuel Tumusiime-Mutebile, the BoU Governor on Wednesday while issuing the Monetary Policy Statement for December 2018. Mutebile said the BoU’s Composite Index Economic
Read More
The Bank of Uganda (BoU) is likely to keep the Central Bank Rate (CBR), a benchmark lending rate for commercial banks unchanged at 10%, Stephen Kaboyo (in featured photo), an analyst and Managing Director at Alpha Capital Partners has said. BoU Governor, Prof. Emmanuel Tumusiime-Mutebile is expected to issue the
Read More
On the 1st of January 2019, at 12am, WAT, the Tony Elumelu Foundation will begin accepting applications for the fifth cycle of its Entrepreneurship Programme. 1,000 selected applicants will join the current 4,470 beneficiaries of the Programme. Since 2015, the TEF Entrepreneurship Programme – the only African-funded entrepreneurial catalyst of
Read More
Cassava cultivation is an annual activity for many farmers both in Uganda and other Cassava growing Countries. This is basically because it is a major commodity first in the diet of many farming families and secondly because of its resilience even in very bad weather condition. However, good cassava cultivation
Read More
The Uganda Revenue Authority will this month unveil its fancy Headquarters (in featured photo) located in Nakawa, Business Focus understands. The state-of-the-art building is divided into four podiums and eighteen tower floors totaling to 26,021 square metres. The Shs139bn project is fully funded by the Government of Uganda. It includes
Read More
Ugandan economy rebounded strongly to 6.1% in FY17/18, up from 3.9% the previous year, and the country’s positive growth is expected to continue, according to the latest edition of the Uganda Economic Update released by the World Bank on November 20, 2018. The report, “Developing the agri-food system for inclusive
Read More
Agriculture can provide jobs to Uganda’s unemployed youth if well harnessed, according to the twelfth Uganda Economic Update published on November 20, 2018 by the World Bank. The report, “Developing Uganda’s Agri-Food System for Inclusive Economic Growth,” notes that the sector’s economic contribution extends well beyond the production sector into
Read More
Government is set to introduce a new policy on the use of clean energy. The revelation was made on Wednesday by James Baanabe, the Director Energy Resources Department Ministry of Energy and Mineral Development during the inaugural clean cooking innovation summit held at Mackinnon Suites. “As Stakeholders, it is very
Read More
The Uganda Virus Research Institute (UVRI) has been certified to perform yellow fever regional reference lab functions in the Arbovirology department that supports yellow fever diagnostic surveillance. This makes UVRI the only certified Yellow fever reference laboratory in Eastern Africa and the second in the African Region, the other being
Read More
Uganda Revenue Authority (URA) collected gross revenue totaling to Shs1.37 trillion in October 2018 against a target of Shs1.29 trillion. This implies that the tax body registered an impressive gross surplus of Shs79.28bn. According to information obtained from URA, net revenue collection for the month of October 2018 totaled to
Read More
