The Uganda shilling held its ground and remained stable as end month flows provided support amid subdued demand during the week ending 2nd of March 2018. Trading was in the range of 3640/50. In the interbank money market overnight and one week held at previous week's rates of 7% and
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Poverty levels have annoyingly remained high so much that millions of Ugandans are going hungry, a new report has revealed. According to a new report by an NGO, Twaweza, 84% of Ugandans are dissatisfied with the way the country’s economy is being managed, blaming this for their state of poverty.
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Barclays Thursday announced that it will lose its 100-year identity. Going forward, Barclays Africa Group Limited will be renamed Absa Group Limited in due course and trade as Absa across its operations (currently branded Barclays) in Africa, pending shareholder and regulatory approvals. This means that Barclays Uganda will now be
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The Uganda Communications Commission (UCC) has issued new guidelines to telecom companies to be followed in the replacement and registration of SIM cards. MTN Uganda has already notified its customers of the new development that will require all MTN Uganda SIM card replacements to be made at designated MTN Service
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Kenya's GDP growth is projected to increase to 5.7% during the first quarter of 2018. This is according to ICAEW's (the Institute of Chartered Accountants in England and Wales) latest report. In Economic Insight: Africa Q1 2018, launched today, the accountancy and finance body points to the easing of political
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Bank of India Uganda Limited is on the verge of quitting the Ugandan market, Business Focus has reliably established. An insider at the bank told this site on Tuesday, Feb.20 that the entire banking sector in India is undergoing restructuring. Consequently, Bank of India, a state-owned bank is consolidating its
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Do you have a small piece of land and want to put it to better use? Do you want to earn from farming throughout the year? Green house farming is the answer. A greenhouse is a structure with walls and roof made essentially of transparent material, such as glass, in
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Resident District Commissioners (RDCs) and their deputies are set to receive brand new cars in the forthcoming financial year, Business Focus reports. According to a recent Report of Parliament’s Budget Committee on the National Budget Framework Paper for 2018/19-2022/23, inadequate facilitation for RDCs has resulted into poor service delivery. The
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President Yoweri Museveni’s "Kisanja Hakuna Mchezo” may have a lot of misses so far, but the ‘old man with a hat’ seems to be getting serious about reducing or even ending corruption in Uganda. The term "Kisanja Hakuna Mchezo" can be translated to mean ‘no jokes/games this term’. During campaigns
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Uganda’s President Yoweri Kaguta Museveni and his Kenyan counterpart Uhuru Kenyatta will Saturday February 24, 2018 officially commission the Busia One Stop Border Post (OSBP). The concept of the OSBP brings all government agencies from Uganda and Kenya together working under the same Roof to complete all entry and exit
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