A Customer care worker explains about different voltage metres at the Lugogo Umeme Centre in Kampala. Photo/NATION MEDIA GROUP Uganda’s power distributor, Umeme limited is yet to convince President Yoweri Museveni that its concession deserves to be renewed. Umeme’s power distribution concession is due to expire in March 2025 having
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Uganda’s chances of eliminating poverty by 2030 as per Sustainable Development Goals (SDGs) are very minimal, Researchers at Economic Policy Research Centre (EPRC) have revealed. The Ugandan Government committed itself to attaining SDGs. Authored by Madina Guloba, Sarah Ssewanyana, Medard Kakuru and Ibrahim Kasirye, the team argues that poverty is
Read MoreBy Phillip Niwamanya The COVID-19 pandemic has disrupted lives, livelihoods, communities and businesses worldwide. While the pandemic has affected every corner of the world, not everyone has been affected the same way. According to a report by the International Trade Centre titled “The Great Lockdown and its Effects on Small
Read MoreUganda is set to lose US$287M (about ShsShs1.062Trn) in taxes because of the Double Tax Agreements signed between Uganda and Netherlands that will see Total walk away without paying some taxes to Uganda Revenue Authority (URA), a new report has revealed. Titled “The Money Pipeline”, the Oxfam released yesterday estimates
Read MoreBy Bakazimbaga Muhindo Anne This year, we mark the International Day for Older Persons under the theme “Pandemics: Do they change how we address age and aging?” Needless to say that we celebrate amidst the COVID 19 pandemic which has severely disrupted our way of life, causing social and financial
Read MoreWe can all agree that saving is a good thing, but earning a return on your investment is very important not only to help you in periods when you have run out of other sources of income but also to enable you to achieve your investment goals. These goals can
Read MoreBoU: Loan Defaults To Increase, Banks With Higher Lending Rates Have Small Market Share
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
Read MoreSchools in Uganda are set to open for finalists on October12, 2020 In the wake of the coronavirus pandemic, governments worldwide, Uganda included, declared extensive lockdowns in a bid to control the spread of the virus that saw many sectors of the economy including the education sector come to a
Read MoreWorry As Uganda’s Public Debt Hits Shs56.5 Trillion, Trend To Adversely Affect Dev’t-Report
Finance Minister Matia Kasaija has a huge task of mobilizing resources to pay back the loans The growing appetite for Uganda to borrow externally and domestically will adversely affect Uganda’s development in the long run, a new State of the Economy for September 2020 released by the Bank of Uganda
Read MoreFinance Minister Matia Kasaija (C) declaring interest rate for FY 2019/20. Looking on is NSSF Managing Director, Richard Byarugaba (R) and the Fund’s Board Chairperson Patrick Kaberenge By Peter Nyanzi As Finance Minister Matia Kasaija was making the most-awaited report for National Social Security Fund (NSSF) members this morning, the
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