August has been a tragic and dark month for Kenya. Tragedies seem to strike in August. Prominent people die in August and some of the biggest terror attacks on the country have happened in August. It was on August 7, 1998 for instance, that an explosion ripped through the United
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China leads the top 10 countries making millions of dollars in exports to Uganda, according to figures released by Bank of Uganda on August3, 2017. The ranking is based on the latest month (June) in the report. In total, Uganda’s expenditure on imports stood at US$416.31m (Shs1.49 trillion) in June,
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The power of entrepreneurs and the free market is driving Africa’s economic growth from food production, as business wakes up to opportunities of a rapidly growing food market in Africa, that may be worth more than $1 trillion each year by 2030 to substitute imports with high value food made
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Bank of Uganda (BoU) Deputy Governor, Dr Louis Kasekende has advised banks on how they can stay sound and strong. Kasekende revealed corporate governance, external auditors and prudential regulation and supervision by the Central Bank are key in keeping banks sound and strong. He said this while delivering a Keynote
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By Mariam Abdullahi, After nearly two decades of uninhibited growth and profitability, African telecoms operators (telcos) are facing the converging forces of digital disruption. Some of the factors contributing to this are: easily accessible broadband internet, popular over the top (OTT) services such as WhatsApp, and changing consumer needs. According
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A new survey reveals that Uganda’s economy is increasingly recovering from hard economic times despite export orders reducing due to political uncertainty in key export markets. The Headline Stanbic Bank Uganda Purchase Manager’s index for August signaled a further improvement in the health of the Ugandan private sector. At 54.1
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By Godfrey Kenneth Gobba What if you could borrow a hundred million bucks from your bank, invest it in the Stock Market and double your money in two months? What if you could borrow a billion bucks from your bank, invest it in Bonds or Treasury Bills and earn hundreds
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All eyes will be on the financial markets that opened today for the first full trading session after Friday’s Supreme Court ruling that annulled the August 8 presidential election. The Friday pronouncement by the highest court in Kenya immediately triggered a bloodbath at the stock market that saw Nairobi Securities
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Credit from commercial banks to the private sector plays a big role in the development of a country. However, despite Uganda having 24 banks, credit to the private sector generally remains low, a thing that affected Uganda’s economic development. Financial inclusion (manifested in the number of Ugandans who operate an
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David Maraga, Kenya's Chief Justice and three of his colleagues on Friday created history by annulling the August presidential election. It is unprecedented in Africa for an opposition court challenge against a presidential election to succeed. Kenyans and East Africans at large have praised Justice Maraga for having the courage
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