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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Uganda’s commercial banks have been releasing their 2016 financial results in the past few months as prescribed by the law. Business Focus has critically analysed the results of the 24 banks, taking into account key performance parameters such as profits, customer deposits, loans advanced to customers, bad loans written off,
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This week, more than 138,000 vaccinators will fan out across five African countries in the Lake Chad area in a push to eliminate polio in Africa and rid the world of this terrible disease forever. They will take boats across fast-flowing rivers, ride jeeps along sandy ravines, walk crowded street
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The 2017/18 Shs30trn budget is about to be passed and adopted by the Parliament of Uganda. If passed unchanged, Uganda Revenue Authority (URA) will be expected to raise Shs14.5 trillion in 2017/18 Financial Year, up from Shs12.6 trillion in 2016/17. This means that government is no doubt going to come
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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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