Some of the Council members interacting after their first meeting Victoria University Wednesday sworn-in 14 New Governing Council Members and has sets its eyes on attaining a charter status. The Council is made up of Joram Kahenano (Chairperson- Specialized in Leadership), Joseph Biribonwa (Vice Chairperson- Specialized in Governance), Rajiv Ruparelia
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The stock of Uganda’s outstanding private sector credit increased by 1.5 percent from Shs16.97 trillion in August to Shs17.22 trillion in September, the Performance of the Economy Report for October released by Ministry of Finance, Planning and Economic Development on November 18, 2020 has revealed. The increase is attributed to
Read MoreJosephine Mutabuza, Absa Bank Uganda’s Head of Bancassurance Bancassurance is booming and is expected to increase Uganda’s insurance penetrations that remains below 1% as banks increasingly sell insurance products to their customers. Bancassurance is a simple term coined by combining two words, bank and insurance. Commercial Banks are adopting it
Read MoreFULL LIST: Top 10 Compliant Taxpayers Per District Under SME Category As Ranked By URA
Uganda Revenue Authority (URA) has named top taxpayers (Small and Medium Enterprises category) per district as part of the Taxpayers Appreciation Season 2020. The appreciation season is running from October to December 2020, under the theme ‘Celebrating the Taxpayers of Uganda’. According to URA Commissioner General, John R. Musinguzi, the
Read MoreWho’s benefiting from billions of shillings earned from Uganda’s coffee exports? This is one of the questions frequently asked by coffee farmers and stakeholders. This is because farmers feel cheated as exporters earn big from the country’s leading cash crop. For example, according to Uganda Coffee Development Authority (UCDA) monthly
Read MoreKigoye is earning millions from Vanilla farming Vanilla has emerged as one of the top lucrative crops not only in Uganda, but globally. This explains why the Ugandan Government has started setting dates for vanilla harvesting to conform to the international practice. Vanilla is one of the high value crops
Read MoreThe local currency weakened, pausing an advance in the previous sessions that saw the currency on the gaining side. Markets players were seen earlier in the week reposition. The unit traded in the range of 3700/3710 during the week ending November 20, 2020.In the fixed income segment of the market,
Read MoreMortgaged Country? Parliament Approves Shs6.5Trn Borrowing As Uganda’s Public Debt Surpasses Shs60Trn
Finance Minister, Matia Kasaija Parliament Thursday approved two loan proposals by Government to borrow up to USD 600M (Shs2.22 trillion) from the International Monetary Fund (IMF) and Shs4.3 Trillion through domestic borrowing to finance Budget deficit for Financial Year 2020/21. The Proposals were presented to Parliament by the Minister of
Read MoreINTERVIEW: Emirates Uganda Country Manager Speaks Out On Future Of Aviation Industry Amid COVID-19
John Gemin, the Emirates Uganda Country Manager Emirates recently resumed flights to Uganda, albeit with a scaled down frequency. We caught up with John Gemin, the Emirates Uganda Country Manager to give us insights into what the aviation sector is currently going through and what it is that they have
Read MoreKeith Kalyegira (C), the CMA CEO addressing the press The Uganda Securities Exchange (USE) total market capitalization fell by 15.7% to Shs19.09 trillion at the end of 2019/20 from Shs22.66 trillion at the close of 2018/19, the Capital Markets Industry Report 2019/20 has revealed. There are 17 companies listed on
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