By Godfrey Kenneth Gobba A Salary Loan is one of the greatest opportunities that employed people have to start creating wealth for themselves, but many often squander this opportunity. Anyone that has ever approached a bank seeking a loan knows for a fact that qualifying for credit is indeed no
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President Yoweri Museveni has said Uganda’s economy is doing well. While delivering the State of the Nation Address to Parliament and the country at large at Kampala Serena Conference Centre on Tuesday, Museveni said that a country with surplus electricity for the first time can’t be in a “a bad
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When Kenya sneezes, Uganda catches a cold, for what affects Kenya, directly affects Uganda and the East African region at large. And as the East Africa’s largest economy goes to the polls in August this year, the stakes are high considering the 2007-2008 bloody and divisive elections. Accusations of vote-rigging,
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On June8, 2017 (next Thursday), Matia Kasaija, the Minister of Finance, Planning and Economic Development will take to the podium at the Kampala, Serena Conference Centre to present to the nation the 2017/2018 National Budget. This important event will be preceded by state of the nation address that will be
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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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