Fresh details have emerged as to why Bank of Uganda (BoU) dropped lawyers from MMAKS and AF Mpanga in mediation talks between Crane Bank (in receivership/BoU) and property mogul Sudhir Ruparelia. Daily Monitor reports that it was the Principal Judge Yorakamu Bamwine who advised Bank of Uganda to appoint new
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The Pay As You Earn (PAYE) tax year-end is looming in most East African territories, and governments are clamping down on non-compliance among businesses and individual taxpayers as they strive to raise more funding for public spending. That means businesses must ensure that their payrolls are fully compliant with the
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By Livingstone Mukasa You could well say I am not a festivity person. Periods like Birthdays, wedding anniversaries and thanksgivings bring me apprehension, but the Christmas season is here, so I have to behave. As a country that celebrates consumerism and show offs (we should work to change this), Christmas
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Kenyan banks will need to go back to the drawing board if results for the third quarter are anything to go by. The numbers cannot be more revealing; that big players have on average shed up to a quarter of their revenues relative to a similar period a year ago
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Umeme Limited, Uganda’s largest power distributor has run out Yaka meters, affecting new customers/connections, Business Focus has reliably established. Reports indicate that people who applied and paid for Yaka meters almost three months ago are yet to receive them as the power distributor continues to play ping-pong; a thing that
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By Mariam Abdullahi Although Africa's largest telco operators are generally showing growth in their customer bases, it is public knowledge that revenue growth has somewhat stalled to as little as 1% year on year. This means that despite attracting an increased number of customers, the amount each of these customers
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Behavioral economics guru, Richard Thaler — this year’s Nobel Prize laureate in economics— has showcased that people are economically imperfect. Since humans are irrational we don’t fit neatly into economic models; we have cognitive limitations, social preferences, or, dare it be said, big problems with self-control. When it comes to decisions about
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By Nikki Summers The summer holidays are fast approaching and businesses in Kenya and the world at large are either gearing up for their busiest time of year, or their quietest, depending on their location and industry. No matter which camp you fall into, there are a few things you
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By Farhad Khan The African Development Bank projects that Uganda’s GDP will grow from 5.1% in 2017 to 5.8% in 2018. Among other factors, the government has highlighted the role of information communications technology (ICT) as key enabler for this trend toward growth. As key stakeholders in the country continue
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The desire for Uganda to achieve a middle income status (lower) by 2020 will not achieved, according to World Bank. According to World Bank’s Uganda economic update 10th edition dubbed: ‘accelerating Uganda's development : ending child marriage, educating girls’ released on Tuesday, Uganda has experienced economic growth slowdown in the
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