Kenya Airways plane taking off Kenya Airways has the most expensive tickets among airlines operating in Africa, charging more on average than carriers such as Ethiopian Airlines, South African Airways and Air France. A new study by competition authorities representing a total of 24 African countries found that KQ, as
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Abebe Aemro Selassie, Director of the IMF’s African Department Sub-Saharan Africa’s economy is set to recover in 2021 – a marked improvement over the extraordinary contraction of 2020. This rebound is most welcome and primarily results from a favorable external environment, including a sharp improvement in trade and commodity prices.
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By Jimmy Ocen Apart from manufacturing, there's no faction in the services sector that contributes a larger share of gross domestic product than agriculture. Data from Bank of Uganda (BoU) indicates that the services sector contributes 41.5% of gross domestic product, with manufacturing contributing 27.4% which is just slightly above
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Irene Mbabazi Irumba, the Assistant Commissioner Research and Innovation at URA Uganda Revenue Authority (URA) has dissected the real estate taxation and rates, explaining further what tax policies govern the real estate sector. During the second week of the eBomba ya Business summit held at URA headquarters in Nakawa, Irene Mbabazi
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A photo montage of some bank CEOs The outbreak of the Covid-19 pandemic and its disastrous effects on global economy hasn’t stopped commercial banks in Uganda from registering growth, with Bank of Uganda revealing that assets for commercial banks grew to almost Shs40Trn. The details are contained in the Annual
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Mobile money transactions hit a record Shs113.38Trn in Financial Year 2020/21, the Bank of Uganda 2021 Annual report has revealed. The Central Bank Governor Prof. Emmanuel Tumusiime-Mutebile says that in accordance with the provisions of the National Payment Systems Act 2020, each of the companies received a Payment Systems Operator (large funds transfer)
Read MoreGovernor of the BoU, Prof. Emmanuel Tumusiime-Mutebile A staff team from the International Monetary Fund (IMF) led by Mr. Amine Mati conducted a virtual mission to Uganda from September 27 to October 14, 2021 to discuss the economic outlook, the budget strategy for FY2021/22, and progress with the implementation of
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It’s been thirteen years since the Ugandan payments landscape was disrupted by the First mobile money system. In 2009, MTN Uganda introduced the first mobile money transaction service and today, the sector has grown to more than 170 private players consisting of mobile network operators, commercial banks, non-bank financial institutions,
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By Hassan Kitenda As an investor, venturing into the stock market can be exciting. Investing in shares is a great way to grow your wealth. You don’t even need to have a boatload of money to start investing in shares. A small investment, made consistently over a long period, cumulatively
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Partricia Ojangole Managing Director, Uganda Development Bank The Uganda Development Bank Limited (UDB), the country’s national Development Finance Institution, has today announced that it expects 33,154 jobs created from the July to September project approvals. The announcement comes at a time when the country is on a steady fast road
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