Uganda’s immigrant workers have been sending less money to their families as COVID-19 continues to impact the global economy and the job market. Such remittances not only provide crucial support to individual families but the economy too.The May 2021 Migration and Development Brief shows that remittance flows to Uganda declined by
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A photo montage of top bank CEOs Ugandan commercial banks advanced loans worth Shs16.04 trillion to customers in 2020, up from Shs14.46 trillion in 2019. This represents an increase of 11%. This is according to financial statements for the year ended 31st December 2020 analyzed by Business Focus. Like other
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Gen Wamala An army General, who loves farming and villagers, is how one peasant in Mukono described Edward Katumba Wamala, the former Works and Transport Minister, just after getting news that he had survived an assassination attempt. He is also a General that has been at the heart of efforts
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URA headquarters in Nakawa, Kampala Domestic revenue collected by Uganda Revenue Authority (URA) for the month amounted to Shs1.61 trillion, representing a 102.1% performance against the planned Shs1.57 trillion for the month, the April 2021 Performance of the Economy Report released by Ministry of Finance reveals. Of this, the report
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By Denis Jjuuko I recently visited one of the ‘resorts’ on the shores of Lake Victoria. It used to have a sand beach with grass thatched canopies where the resort’s patrons sat and sipped cocktails with exotic names. Revelers in bikinis used to roll in the sand in the name
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Starting June 1, Ugandans will have mobile money transactions run by companies separate from the traditional telecoms that have been operating the business. This follows the licensing of three companies to operate mobile money services in Uganda, including MTN Mobile Money Uganda Ltd and Airtel Mobile Commercial Uganda Ltd. Until
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A photo montage of top bank CEOs in Uganda Commercial banks in Uganda overcame the disruptions caused by COVID-19 to the banking sector and major sectors of the economy to post positive results in 2020. An exclusive analysis of financial statements for the year ended 31st December 2020 published by
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Analysis & OpinionsEducation
How Mak Student Leader Spent Nine Years To Complete Bachelors Degree Course
Jothan Yamureebire Burobuto For nine years, Jothan Yamureebire Burobuto has been at Makerere University pursuing a Bachelors Degree, which would ideally take him four years to complete. He is now one of the students who graduated during the concluded 71st graduation ceremony that ended on Friday. The 27-year-old student enrolled
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Montage of CEOs heading banks with highest NPLs Banking industry Non-Performing Loans (NPLs) increased significantly in 2020, an exclusive analysis by Business Focus reveals. In our previous articles about the performance of banking industry in 2020, we revealed the most profitable and loss making banks as well as the largest banks
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MPs fighting inside parliamentary chambers in 2017 over age limit bill The 10th Parliament that completed their mandate last week passed and enacted 118 bills, approved 75 loan requests, made 47 resolutions to pay tribute and considered 349 Ministerial statements. Parliament led by Speaker of Parliament Rebecca Kadaga and Deputy Speaker Jacob Oulanya
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