Joseph Kabuleta addressing the media in Kampala on Tuesday Former Presidential candidate Joseph Kabuleta has launched a new website portal, falsevaccines.ug to rally Ugandans share experience from the inconsistencies resulting from the 'ineffective' Covid-19 vaccinations across the country.Addressing the media in Kampala on Tuesday, Kabuleta, along with city Lawyer Dan
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The banks’ weighted average lending rate has maintained a downward trajectory since February 2021 in line with the reduction in Central Bank Rate (CBR), Bank of Uganda (BoU) has revealed in its State of the Economy Report dated September 2021. “The average lending rate on shillings loans stands at 16.3 percent in
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Facebook CEO Mark Zuckerberg Facebook announced over $9 billion in quarterly profits on Monday, hours after a US news collective published a deluge of withering reports arguing the company prioritises its growth over people's safety.The social media giant has been battling a fresh crisis since former employee Frances Haugen leaked
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BoU Governor, Prof. Emmanuel Tumusiime-Mutebile Uganda’s debt exposure increased over the year due to significant spending pressures and related loan disbursements to counter the adverse effects of the pandemic, Bank of Uganda (BoU) has revealed in its State of the Economy Report dated September 2021. “The provisional total public debt stock stood
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Kenya Airways plane taking off Kenya Airways has the most expensive tickets among airlines operating in Africa, charging more on average than carriers such as Ethiopian Airlines, South African Airways and Air France. A new study by competition authorities representing a total of 24 African countries found that KQ, as
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Abebe Aemro Selassie, Director of the IMF’s African Department Sub-Saharan Africa’s economy is set to recover in 2021 – a marked improvement over the extraordinary contraction of 2020. This rebound is most welcome and primarily results from a favorable external environment, including a sharp improvement in trade and commodity prices.
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By Jimmy Ocen Apart from manufacturing, there's no faction in the services sector that contributes a larger share of gross domestic product than agriculture. Data from Bank of Uganda (BoU) indicates that the services sector contributes 41.5% of gross domestic product, with manufacturing contributing 27.4% which is just slightly above
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Irene Mbabazi Irumba, the Assistant Commissioner Research and Innovation at URA Uganda Revenue Authority (URA) has dissected the real estate taxation and rates, explaining further what tax policies govern the real estate sector. During the second week of the eBomba ya Business summit held at URA headquarters in Nakawa, Irene Mbabazi
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A photo montage of some bank CEOs The outbreak of the Covid-19 pandemic and its disastrous effects on global economy hasn’t stopped commercial banks in Uganda from registering growth, with Bank of Uganda revealing that assets for commercial banks grew to almost Shs40Trn. The details are contained in the Annual
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Mobile money transactions hit a record Shs113.38Trn in Financial Year 2020/21, the Bank of Uganda 2021 Annual report has revealed. The Central Bank Governor Prof. Emmanuel Tumusiime-Mutebile says that in accordance with the provisions of the National Payment Systems Act 2020, each of the companies received a Payment Systems Operator (large funds transfer)
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