The Uganda shilling weakened as the week came to an end, shedding off most of its gains, undermined by corporate and interbank demand during the week ending 23rd February 2018. Trading was in the range of 3650/3660. In the money markets, overnight funds traded at 8% while one week traded
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The Uganda National Meteorological Authority (UNMA) on February 20, 2018 released Uganda’s seasonal climate outlook for March to May of this year. March to May (MAM) constitutes the first major rainfall season in Uganda. During the 48th Climate Outlook Forum for the Greater Horn of Africa held in Mombasa, Kenya
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Anti-corruption watchdog Transparency International published Wednesday its latest global corruption perceptions index. The index, which ranks 180 countries and territories by their perceived levels of public sector corruption according to experts and business people, uses a scale of 0 to 100, where 0 is highly corrupt and 100 is very
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Pay TV company Kwese has acquired a stake in Malaysia-based subscription video on demand (SVoD) firm iflix. The partnership between the two firms adds to the selection of online programming available, meaning subscribers will have diversified content on the platforms. Kwese did not clarify what percentage of iflix's stake it
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On January 31, 2018 at Uganda Bankers’ Association (UBA) Informal Dinner held in Kampala, Prof. Emmanuel Tumusiime-Mutebile, the Governor of Bank of Uganda said Ugandans will soon enjoy the advantages of Islamic Banking. “The Islamic Banking Regulations, drafted by the BoU, have been approved by the Ministry of Finance Planning
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The Bank of Uganda (BoU) has spoken out on reports that Bank of India Uganda Limited will close business in Uganda come next month. In a statement dated February 20, 2018 obtained by Business Focus, Prof. Emmanuel Tumusiime-Mutebile, the Governor BoU said Bank of India Uganda is ‘safe and sound’.
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The Singapore Government will award all citizens aged 21 years and above a one-off bonus of up to S$300 (Shs826,884). Singapore’s Finance Minister Heng Swee Keat Monday announced that the 2017 budget came in with a surplus of about S$10 billion (UShs27.5trillion). This is attributed to contributions from statutory
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Uganda’s health sector is in the news more often than not, for the wrong reasons. It cannot be overstated that as a country, we ought to do better. While it is the norm to cry foul to the government, a good health sector is a concerted effort by not just
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The Uganda shilling was relatively stable, trading in a narrow range as mid month corporate tax payments kept market activity at a low ebb during the week ending 16th February 2018. Trading was in the range 3620/3630. In the interbank money market, overnight funds were priced at 8.50% while one
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Uganda’s Civil Aviation Authority Executive Director, Dr. David Kakuba has explained for the first time why British Airways quit Uganda over two years ago. In a statement, British Airways said it was stopping all flights to and from Uganda as they are "no longer commercially viable". This was blamed on
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