Allan Atuhairwe, the Head of Trade & Working Capital at Absa Bank Uganda The COVID-19 pandemic has adversely hit economies world over. In Uganda, traders both importers and exporters are one of the key players in the economy that have been impacted most following the COVID-19 induced lockdown announced in
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It was choppy trading for the local currency during the week, with no clear established trend. In the early sessions, the shilling held up supported by portfolio flows targeting the government securities market, but later lost steam and weakened as demand rebounded. On the counters the shilling traded within a
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The Uganda National Bureau of Standards (UNBS) has released its annual performance report for Financial Year 2019/2020, revealing products that non-compliant to standards on the market. Delivering the report at Uganda Media Centre Monday morning, UNBS Executive Director, Dr. Ben Manyindo, said: “Cosmetics and body care products topped UNBS list
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The National Water and Sewerage Corporation (NWSC) Managing Director, Dr. Eng. Silver Mugisha (pictured) has been awarded for Leadership Excellence in public service and also recognised for his contribution to Africa's socio-economic development at the recently concluded African Leadership magazine's US - Africa Investment Forum, policy Dialogue and Business Leadership
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EC Spokesperson, Paul Bukenya The Electoral Commission will conclude the nomination of candidates for Local Government Councils Elections today, Monday 5th October 2020. The nomination exercise commenced on 21st September 2020, in all the 146 districts/cities and was scheduled to end on 1st October 2020, but was extended for four
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URA Commissioner General, John Rujoki Musinguzi addressing the graduands Uganda Revenue Authority (URA) recently recruited 251 staff to boost its tax revenue collect efforts and above all fulfill its mandate effectively. However, before embarking on their duties, the new tax officers had to undertake a Transformational Leaders Course at the
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The Uganda shilling tumbled to trade near a two month low undermined by a surge in corporate and importer demand as the country opened up its entry points. At the counters the local currency quoted at 3715/3725. In the fixed income market, the yields on 5 and 15 year bonds
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Patience Rubugumya, Commissioner Legal Services & Board Affairs In a move that will ensure that Ugandans are protected from the consumption of expired sugar and that the local sugar manufacturers are protected from unfair competition arising from dumping, The Tax Appeals Tribunal has held that URA’s decision to list sugar
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Justice Byabakama Mugenyi Simon, the Chairperson, Electoral Commission The Electoral Commission appointed the period 21st September to 1st October 2020, as the period for conducting nomination of candidates for Local Government Councils Elections 2021. Accordingly, the nomination of candidates commenced on Monday 21st September 2020, in all the one hundred
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Prof. Emmanuel Tumusiime-Mutebile, BoU Governor/ Daily Monitor Photo The Bank of Uganda (BoU) has warned commercial against unnecessarily increasing lending rates, revealing that banks with higher interest rates tend to have higher Non-Performing Loans (NPLs). This is contained in the State of the Economy report for September released by BoU
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