By Denis Jjuuko I recently applied for a visa to Canada to attend a Rotary conference in Calgary and thereafter visit a few of their attractions like the Niagara Falls and return to Kampala. The application was rejected on grounds that I didn’t have enough assets and therefore I might
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Experts have urged Uganda to avoid taking loans for which they never prepared and planned, as this distorts growth and development. This comes as the country embarks on what many have termed "ambitious", a journey to grow the economy from the current 53 Billion to 500 Billion Dollars in the
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Daniel Lukwago Planners are being challenged to adhere to public investment policies if the budgetary allocations are to deliver expected tangible results. It is being realized that some of the projects with budgetary allocations in each financial year delay to take off and thereby defeating the intended purpose. Planners are
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Mobile money transactions are increasing every passing day Mobile money transaction values significantly increased by 31.5 from UGX 192.9 trillion in the twelve months ending June 2023 to UGX 253.7 trillion in the year to June 2024, the Bank of Uganda Annual Report for Financial Year 2023/2024, reveals. Similarly, the
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Agriculture is the backbone of Uganda’s economy but the sector continues to get highest interest rates Agriculture sector tops the sectors with highest lending rates in Uganda, Bank of Uganda’s Annual Report for 2023/2024, has revealed. The report says in 2023/2024, interest rates varied among sectors primarily due to differences
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Uganda imports onions from Kenya By Dr. Apollo Buregyeya Sixty percent of the onions and Irish potatoes consumed in Uganda come from Kenya. So, do most of the oranges, tangerines, mangoes, pears, and apples. Our markets are flooded with fruits grown in a drier, tougher terrain, while Uganda, one of
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By Sarah Musumba Once upon a dusty Saturday in Kampala, a Fuso truck rumbles past, stacked high with buveera (plastic paper bags), water containers, soda bottles, and jerry cans. Now imagine 120 of those rolling in every single day, not with goods, but with waste. That's Uganda's plastic problem in
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Yassine Samir - the Executive Director of Bank of Africa Uganda Imagine opening a bank account in minutes, without stepping into a banking hall, queuing up, or filling out piles of forms. Just you, your phone, and a few taps. That’s the power of digital account opening—and if you haven’t
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Uganda’s banking industry Non-Performing Loans (NPLs) reduced to Shs1.019 trillion in 2024, down from Shs1.18 trillion recorded in 2023, Business Focus exclusively reports. Although 10 banks have high NPLs (whose ratio is above 5%), the industry NPL ratio is 4.69%. This analysis is derived from the financial statements for the
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Finance Minister, Matia Kasaija, signing off the Budget Month activities The National Budget for the financial year 2025/2026 is due to be read on June 12, 2025, according to the Ministry of Finance, Planning, and Economic Development. According to the proposals, the total resource envelope for the year is 71.9
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