The Ugandan Embassy in Saudi Arabia has run broke, leaving a number of frustrated migrant workers unattended to. Business Focus has reliably learnt that Ambassador’s rent has since expired and there is no money to renew it. “This puts our own diplomat in total jeopardy,” a source privy to the situation in Saudi
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The home unit opened 2021 in a downward spiral, undermined by a surge in demand from major market players taking positions ahead of the national elections. The shilling inched down to trade in the range of 3675/85 during the week ending January 8, 2021.In the regional markets, the Kenya shilling slightly
Read MoreDead fish/courtesy photo Communities living in and around the shores of Lake Victoria have recently been concerned by the growing number of dead fish, especially Nile Perch, being washed ashore. The dead fish are not only an eyesore but also emit an offensive odor as the decomposition occurs. “However, preliminary
Read MoreJustice Simon Byabakama Mugenyi , Chairperson, Electoral Commission The Electoral Commission has given guidance to candidates, their agents, voters and the general public on the use of cameras and other recording devices inside polling stations on polling day. Presidential and Parliamentary Elections will be held on Thursday 14th January 2021. “While
Read MoreUganda registered an in-crease in monthly coffee exports in the months of July, August and September surpassing the 500,000 bags mark. The increase is the highest since 1991. In July, Uganda saw the highest increase in coffee exports since the liberalisation of Uganda’s coffee industry in 1991. A total of
Read MoreBallot papers for 2021 elections arrived in the country in late December 2020 Uganda’s Electoral Commission has spoken out on concerns of various stakeholders about the condition of some polling kits which have been delivered to districts with broken seals. “The Electoral Commission has established that seals on some of
Read MoreEC Dispatches Polling Materials for Special Interest Groups, Presidential and Parliamentary Elections
EC officials dispatching polling materials for special interest groups, presidential and parliamentary elections The Electoral Commission on Wednesday dispatched polling materials for special interest groups, presidential and parliamentary elections. In a statement released by the EC boss Justice Simon Byabakama, dispatch of the above materials will continue until all districts
Read MoreBoU: Economic Outlook Extremely Uncertain But Progress On COVID-19 Vaccines Gives Hope
BoU Governor Prof. Emmanuel Tumusiime-Mutebile Risks to the economic outlook in the near term have brightened with the progress on the Covid-19 vaccines, signs of recovery in private demand and the additional boost to growth expected from fiscal policy, according to the Bank of Uganda Monetary Policy Report December 2020 “The
Read MoreFinance Minister Matia Kasaija has severally appeared before Parliament to seek approval for borrowing Uganda’s total public debt increased by 21.7 percent in FY2019/20, the Bank of Uganda (BoU) Monetary Policy Report for December 2020 has revealed. According to the report, external debt increased from US$ 8.35 to US$ 10.45 billion,
Read MoreCMA Warns Ugandans Against Pyramid Scheme Promising Entrants Shs2m Profit In Less Than A Week After Investing Shs200k
The Capital Markets Authority (CMA) has cautioned the public that the so called “gifting club” operating via social media is actually a pyramid scheme that is doomed to collapse and offer nothing in return to several participants. The prospective investors have been promised gifts worth sh2,000,000 which is 10 times their
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