In March 2017, Amelia Kyambadde, the Minister of Trade Industry and Cooperatives officially launched the ‘Buy Uganda, Build Uganda’ (BUBU) campaign to give effect to the BUBU Policy formulated in 2014. The Ministry of Trade, Industry and Cooperatives (MTIC) will lead the implementation of Policy in collaboration with relevant Government
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On March 29, 2017, Oxfam International launched a report indicating that Uganda’s income inequality is on the rise. In simple terms, the rich are getting richer and the poor poorer. The report was compiled by Prof. Augustus Nuwagaba, a senior economist who is consulted worldwide on poverty eradication matters and
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Uganda’s food crisis seems to be far from over. Even the ongoing rains may not save the situation as many farmers are already counting losses, thanks to the deadly armyworms that have destroyed several farms and unstable rains in some parts of the country. Currently, many Ugandans especially in urban
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As the International Associations of Athletics Federation World Cross-country event that was held over the weekend unfolded, there was so much noise about what could have been done to promote it even better than we did. The event falls under the sports tourism section that Uganda neglects when it comes
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The time for Uganda’s budget speech for the Financial Year 2017/18 is fast approaching. According to the Public Finance Management Act, 2015, Members of Parliament are expected to have passed the Budget by May 30 in preparation for the Budget Speech in June. The budget is read by the Minister
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On January27, 2017, the Central Bank of Uganda, the Bank of Uganda (BoU) announced that dfcu had acquired Crane Bank. It was revealed that dfcu beat off competition from other 12 financial institutions to emerge winner. “… Bank of Uganda has now transferred the liabilities including deposits of Crane bank
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Uganda’s economy has come under scrutiny of late. This is because it (the economy) is performing poorly as witnessed by a number of businesses that have closed shop in the last few years. Local companies that have fallen due to a weak economy include but not limited to Crane Bank, WBS,
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The first planting season in Uganda is around the corner as witnessed by the ongoing preparations of fields. However, the big questions are; when is the rainy season setting in? Will Uganda receive enough rains? This is due to the fact that the previous two seasons have been witnessed by
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A fake financial institution defrauding Ugandans of their hard earned money has been revealed. According to the Bank of Uganda (BoU), Uganda’s Central Bank, “ONE COIN DIGITAL MONEY” is not licensed by the BoU under the Financial Institutions Act, 2004, and is thefore conducting business outside the regulatory purview of
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