The Ministry of Lands, Housing and Urban Development (MoLHUD) has failed to absorb funds provided to it in the 2016/17 National budget. According to the Parliamentary Sectoral Committee Report on Physical Infrastructures on Ministerial Budget Policy Statements and Proposed Budget Estimates for FY 2017/18 obtained by Business Focus, MoLHUD’s absorption
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On May16, 2017, The International Monetary Fund (IMF) projected that Uganda’s economic growth would slow down to 3.5 to 4% in 2016/17 financial year, down from the earlier anticipated 5% due to drought and slow credit growth. “The drought held back activity in the first part of the year. Private
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Assets are one of the key parameters that determine how strong a financial institution is. And having obtained the 2016 financial results for Uganda’s 24 banks that have been released in the past few months, Business Focus exclusively reveals Uganda’s largest banks by assets. This will help you know how
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By Godfrey Kenneth Gobba If you want to make money during the oil boom, you had better start casting your nets right now or else you might end up watching everyone else become a billionaire while you scratch your head wondering where you went wrong. Have you thought about how
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Fresh details have emerged on how Uganda Telecom Ltd (UTL), one of the oldest telecom firms in Uganda became heavily indebted and ‘technically insolvent’. According to the latest report by Parliament’s ‘Select Committee on UTL on the Management and Performance of UTL’ obtained by Business Focus, the government of Uganda
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A latest report indicates that Operation Wealth Creation (OWC) Programme created a few years ago is failing to fulfil its duties. According to a report by Parliament’s Sectoral Committee on Agriculture, Animal Industry and Fisheries on the implementation of OWC obtained by Business Focus, a number of farmers are eating
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By Sthe Shabangu, Africa is standing before a small window of opportunity to grow future-ready leaders equipped to take on a new era of industry. It will be our ability to come together and develop those leaders that will determine whether we fly or fall. The tough reality is that
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On October 20, 2016, the Bank of Uganda (BoU), the regulator of Uganda’s financial sector, took over the management of Crane Bank Ltd after it (Crane Bank) became “a significantly undercapitalized institution.” Consequently, on February 27, 2017, BoU announced the acquisition of the now defunct Crane Bank by dfcu. The
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By Godfrey Kenneth Gobba Over the years I have interacted with hundreds of people that come to me for help with their investments and I have come to notice a consistent pattern of thought. Almost everyone I meet that has not yet started consistently investing their savings is waiting for
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By Godfrey Kenneth Gobba There is no such thing as job security because like it or not, one day you are going to lose your job. You could get fired or laid off or you could resign or even eventually retire but you would still have lost your job anyway.
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