The story of Uganda’s sugar seems not to end. The latest is that sugar prices have increased suddenly from an average of Shs3, 500 a few weeks ago to Shs5,000 in some parts of the country. Currently, a 50kg bag of sugar go for between Shs200,000 to Shs210,000 at wholesale
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By David A. Andelman Look out Donald Trump, while you're not watching, China is quietly stealing a continent from you. And India may not be far behind. Currently, the battle for supremacy on the African continent is being fought out between the leaders of Asia's two superpowers -- China and
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By Goal Winner: Thibaut Courtois Thibaut Courtois left Chelsea high and dry with his refusal to return and play for the club this season. That boycott meant the deposed Premier League champions were forced to go into the market for an inferior goalkeeper in Kepa Arrizabalaga at a much higher
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Lawyers advised government to scrap off the controversial Mobile Money tax, noting that it is illegal since the sector is not regulated. Appearing before the Finance Committee on Thursday to give their views on the Excise Duty Amendment Bill No.2 of 2018 where government proposes to reduce the mobile money
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By Samuel Kanagwa Unless you know and apply some basic principles, you cannot last in any business including farming. There is no point in going into any business if we cannot do what it takes to last and be successful in it. Below are the 8 basic ways to LAST
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Uganda earned US$3.339bn (Shs12.3 trillion) in 2017 from her exports combined, up from US$2.921bn (Shs10.7 trillion) in 2016, according to latest figures released by the Bank of Uganda (BoU). Cash crops contributed greatly to the above earning. For example, coffee beat gold exports to emerge Uganda’s top foreign exchange earner.
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The success of the peace deal ending South Sudan's five-year civil war may depend on the economic opportunities that stability in the country could bring. According to the African Development Bank South Sudan is the most oil-dependent country in the world. Until conflict disrupted the industry in 2013, oil accounted
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By Martha Aheebwa Insurance remains one of the most misunderstood (miscommunicated) products in Uganda. A few years back, my insurance mind would have argued it’s because insurance is highly technical. But as I have come face to face with our economy, and talked to several people, I have had to
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Uganda’s banking sector has been sluggish since 2011 due to high Non-Performing Loans (NPLs) and bad loans written. High interest rates and a sluggish economy have forced many borrowers to default on their loans, a thing that has seen some banks collapse. National Bank of Commerce, Global Trust Bank and
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The private sector has continued to register positive growth with the eighteenth successive improvement in business conditions according to the latest Purchase Managers Index (PMI) for July. At 53.2 recorded in July, the private sector maintained the same positive performance score card that was seen in June and remaining above
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