Uganda’s public debt is set to skyrocket in Financial Year 2018/19 considering that Government plans to borrow trillions of Shillings both internally and externally. A Report of the Budget Committee on the National Budget Framework Paper for 2018/19 obtained by Business Focus says that external debt constitutes 66 percent of
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For start-ups and small businesses that don’t have any assets, getting a loan can be extremely difficult. Without access to any form of security, micro, small and medium-sized enterprises (MSMEs) attract a high-risk premium from lenders. This means MSMEs will either be denied a loan or get the cash at
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Prof. Emmanuel Tumusiime-Mutebile, Governor, Bank of Uganda has said Ugandans will soon enjoy the advantages of Islamic Banking, noting that the regulations have been approved and will soon be gazetted. Mutebile made the remarks on January 31, 2018 at Uganda Bankers’ Association (UBA) Informal Dinner held in Kampala. Islamic banking
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The Uganda shilling was relatively stable on account of liquidity tightness and weak corporate demand during the week ending 2nd February 2018. Trading was in the range of 3620/3630. January inflation dipped to 3.0% from 3.3% at the same time Core, the closely watched indicator also dropped to 2.6% from 3.0%
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Uganda is the first country outside South Africa to host the largest gathering of top executives from the MTN Group and its subsidiaries from 24 countries. At least 300 delegates are in the country for the MTN Global Leadership Gathering (GLG) taking place from 30th to 31st January 2018 at
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A few days ago, Vera Akech was a free woman. She was a kids’ caretaker at a school in Kitgum, Northern Uganda. That was before she crossed paths with "criminals". Currently, she is detained awaiting possession of prohibited goods charges. Akech’s troubles started on January 22, 2018 when she allegedly
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The Top 20 Investment Clubs in the recently concluded dfcu ‘Battle for Cash’ Investment Clubs Competition flew out late last week for a study tour in Nairobi. The flag off was presided over by William Sekabembe, dfcu Chief of Business and Executive Director. The three-day study tour will cover areas
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It is a known fact that entrepreneurs can be made. However, some would-be entrepreneurs lack the best business ideas to implement despite the fact that they have the money. In this article, we list 30 lucrative business ideas that you can embark on in 2018 so as to become a
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For Africa to combat the threat of transnational terrorism on the continent, it must employ a multi-dimensional approach, Uganda’s President Yoweri Museveni has said. Speaking at the Peace and Security Council Meeting in Addis Ababa, Ethiopia last evening (Saturday), President Museveni said the approach had to address issues of ideological
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Fuel pump prices are increasing in Uganda, a development that has seen transport fares go up in some parts of the country. Currently, a litre of petrol in Kampala is averaging Shs3, 800, up from an average of Shs3, 600 a fortnight ago. In Western parts of Uganda, a litre
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