Prof. Emmanuel Tumusiime-Mutebile, the Bank of Uganda (BoU) Governor will tomorrow issue the Monetary Policy Statement for the month of February. BoU stayed the Central Bank Rate (CBR), a benchmark lending rate for commercial banks for the month of December at 9.5% on account that core inflation is projected to
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Ugandan banks have been cautious towards lending to the private sector in recent years due to high Non-Performing Loans (NPLs) that have plagued the banking sector. NPLs have largely been attributed to the sluggish economy that has seen many borrowers fail to pay back their loan obligations, leaving many banks
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By Amon Baita ‘Safe Drive Uganda’ is the code name for the mandatory motor vehicle inspection exercise. The recent Parliamentary review of the contract between SGS and Ministry of Works and Transport about the vehicle inspection exercise has led to certain misrepresentations of facts and this ought to be clarified.
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Prior to his appointment as Executive Director-Supervision at Bank of Uganda (BoU), Dr. Tumubweine Twinemanzi was a little known fellow. Prof. Emmanuel Tumusiime-Mutebile appointed Twinemanzi to succeed Justine Bagyenda better known as the Iron Lady at BoU and banking industry at large on February 7, 2018. The appointment took immediate
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Hope came in with a new sport for Kisenyi, the largest Kampala slum that has for long been notorious as a violent enclave for drug distribution and abuse, prostitution as well as all forms of thuggery. The noisy chatter, tired unplanned cribs, smelly drainage and dusty narrow roads is the signature tune
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As Ugandans struggle to come to terms with the painful death of mega superstar, Moses Ssekibogo aka Mowzey Radio, a number of questions abound about the circumstances that led to the singer's demise on 1st February 2018. Radio breathed his last at Case Clinic in the capital, Kampala on Thursday
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For start-ups and small businesses that don’t have any assets, getting a loan can be extremely difficult. Without access to any form of security, micro, small and medium-sized enterprises (MSMEs) attract a high-risk premium from lenders. This means MSMEs will either be denied a loan or get the cash at
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The most significant of the Ugandan Parliament's functions is to pass laws which will provide good governance in the country. The government ministers are bound to answer to the people's representatives on the floor of the house. Through the various parliamentary committees, parliament scrutinises government programmes, particularly as outlined in
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By Patrick Kiconco Katabaazi I have read various posts on facebook and other social media platforms where people are complaining bitterly about the rising fuel prices. Many social media enthusiasts wonder why oil prices are rising when the Budget Frame Paper is yet to be approved by parliament. Others have
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Tullow Oil has over the last one year substantially reduced its number of employees in Kenya. This has been through failure to renew contracts that were up for renewal in the course of the year as well as actual layoffs, where employees were sent home after being given a send-off
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