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 More
Finance 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 More
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
Read More
URA will continue to carry out enforcement against anyone found in contradiction of the DTS laws and regulations In a recent enforcement operation, Uganda Revenue Authority (URA) enforcement officers received intelligence information about a motor vehicle headed city-wards to deliver unstamped gin. The URA team lured the vehicle by fronting
Read More
Justice Byabakama Mugenyi Simon, Chairperson, Electoral Commission In preparation for the General Elections 2021, the Electoral Commission will issue Voter Location Slips to voters across the country to enable them conveniently locate their respective polling stations on polling day. The Voter Location Slips (VLS) will be issued for a period
Read More
Dr James Mwangi, Group Chief Executive Officer of EGH Equity Group holdings Plc (EGH) has received regulatory approval to merge Equity Bank Congo (EBC) and BCDC to form a new bank. Going forward, the new bank will be known as, Equity Banque Commercial du Congo (EquityBCDC). This follows EGH’s acquisition of 66.53%
Read More
Uganda Revenue Authority (URA) Commissioner General, John Rujoki Musinguzi (pictured) has revealed that the tax body’s revenue target for the second half of the FY 2020/21 (January to June 2021) is Shs12.25 trillion. This represents 62.20 percent of URA’s annual target for 2020/21. During his end of year performance briefing to the media on 29th December
Read More
Mumba Kalifungwa, Absa Bank Uganda MD (L) and Harriette Kasirye, Head of Marketing & Corporate Relations, pose with the certificates received by the bank. Absa Bank Uganda has been named the Banking Group Brand of the Year (Uganda) and Best CSR Bank (Uganda) 2020 by the Global Banking & Finance
Read More
Minister of state for finance (General Duties), Gabriel Ajedra Aridru (L) hands over the award to Steven Adrapi, Head of Sales and Marketing at ICEA General Insurance Co and Gabriel Kuria (R) CEO ICEA General Insurance.. The Insurance Regulatory Authority Chief Executive Officer, Ibrahim Kaddunabbi Lubega has given a positive
Read More
Bryan Toshi Bwana, the CEO Global Consulting Services illustrating the need for the insurance sector to innovate or perish during the awards gala Insurers have been urged to innovate if they are to remain relevant and in business. The call was made by Bryan Toshi Bwana, the Chief Executive Officer
Read More
