Bank of Uganda (BoU) Governor Emmanuel Tumusiime-Mutebile has trashed and rejected the Inspector General of Government (IGG)’s directive to the Board of Directors of the Central Bank not to endorse recent staff appointments and transfers. Lady Justice Irene Mulyagonja Kakooza, the IGG had in letters dated February 23, 2018 and
Read MoreBusinessFocus Reporter
About 60 District and Municipal Accounting Officers will soon be jobless after they failed to submit critical budget documents to the Ministry of Finance. In a letter dated March16, 2018 obtained by Business Focus, Keith Muhakanizi, the Secretary to the Treasury requests the Permanent Secretary of Local Government to exclude
Read MoreAEO Programme: An Opportunity For Traders To Cut Cost Of Doing Business
The cost of doing business in Uganda remains high although it is slowly declining. The World Bank’s annual ‘Doing Business report 2018: Reforming to Create Jobs’ released late last year indicates that Uganda dropped seven places to 122 in the rankings out of 190 economies, compared to 115 out of
Read MoreSudhir To Acquire 9 Square Miles Of Land To Grow More Flowers
Uganda’s richest man Sudhir Ruparelia is set to expand his investments in the growth and exportation of flowers and vegetables. Sources told Business Focus that on Saturday Sudhir visited Baale village in Kayunga District where he is set to “acquire about 9 square miles of land” to expand his floriculture
Read MoreThe Minister of Relief, Disaster Preparedness and Refugees Eng. Hilary Onek has revealed that Uganda is receiving a large influx of refugees mainly from the Democratic Republic of Congo. “We are receiving approximately 3450 refugees daily at our reception centers through Kisoro, Ntoroko, Hoima and Zombo districts,” Onek said, adding:
Read MoreFinancial inclusion can provide a route for citizens to manage their finances better. However, only one in six citizens (17%) has a bank account, either alone or jointly with another person, a new report has revealed. The report adds that men (22%) are nearly twice as likely as women (12%)
Read MoreHuawei, one of the leading global ICT solutions providers is the corporate sponsor of the ongoing World Customs Organization’s 4th Authorized Economic Operator (‘AEO’) global conference hosted by Uganda Revenue Authority in Kampala. The 4th WCO global AEO conference is being hosted at Kampala Serena Hotel from 14th to the
Read MoreKCB Bank Uganda has sponsored local entrepreneurs for an international trip to Germany and Turkey in an effort to support growth of the SME sector in the country. The bank will be sending 30 of its business club members for a 10-day business trip that will see the SMEs network
Read MoreThe future of banking and business/trade is no doubt digital. It is against this background that a number of banks have unveiled online banking products aimed at cutting costs and increasing convenience. To position itself better for the future, Ecobank Uganda is now targeting University students with its Mobile App.
Read MoreUganda’s President Yoweri Museveni Wednesday opened the 4th World Customs Organization (WCO) Global Authorized Economic Operators (AEOs) conference at Serena Hotel in Kampala. He revealed that Africa’s increasing population will play a big role in its economic transformation, wondering why some people are against a bigger population. He noted that
Read More