Dr. Fred Muhumuza Local investors in Uganda are running to Tanzania as a result of the tough operating environment, Business Focus has learnt. This is attributed to among others, a drop in private sector lending. Data shows that lending to the agricultural sector, manufacturing, trade, transport and communication, business services and
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Uganda has joined the international chorus urging for the reform of international financial architecture. The Deputy Secretary to the Treasury, Patrick Ocailap says reforming the international financial architecture is imperative to give developing countries like Uganda a fair chance to turn its immense potential into opportunities to overcome future challenges.
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Farmers are increasingly earning big from coffee exports/Business Focus photo By Denis Jjuuko For a few years, coffee prices have been rising greatly crossing the Shs13,000 per kilo mark for the fair average quality or what is known as kase thereby turning many farmers into millionaires. Some of them instantly.
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Coffee under 3mX1m at Deus Nuwagaba’s farm in Namayumba/Business Focus photo Plant density in Robusta coffee is an unresolved issue in low volume producing countries especially when compared with leading producers. This explains why there’s an ongoing debate about the implementation of the 3m by 1m (10ft by 3ft) Robusta coffee
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By Kenneth Egesa The Bank of Uganda's recent state of the economy report offers a snapshot of Uganda's economic health and near-term prospects. The country is having a low and stable inflation environment and a stable exchange rate on account of prudent monetary policy, coupled with robust GDP growth driven
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By Tamara Rajic The rapid advancement of artificial intelligence (AI) has captured the world's attention, permeating businesses across all sectors at an astonishing pace. Embracing AI technologies is essential for businesses to remain competitive and meet the evolving demands of customers in an increasingly digital age. AI-driven innovation is poised
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Financial institutions in Uganda approved loans worth Shs1.3Trn in May 2024, with personal and household loans taking the largest share. According to the Performance of the Economy Monthly Reportfor June 2024 released by the Ministry of Finance, Planning and Economic Development, the value of credit approved for disbursement amounted to Shs1.331Trn up from
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Uganda’s export earnings in May 2024 amounted to USD 891.97 million (Shs3.279Trn) a 39.4% increase from US$639.86million (Shs2,352,573,262,000) in April 2024, the Ministry of Finance has revealed. The details are contained in the Performance of the Economy Monthly Report for June 2024 that was released recently, with Government attributing the growth in exports
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By Denis Jjuuko Mpigi town today is nondescript, a backwater town located approximately 45.8km from Kampala on the Kampala-Masaka highway. The town of almost one street is dominated by small traders, some operating in incomplete buildings or kiosks. A few branches of banks here and there. Generally, nothing much to
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Central bank gold buying continues to sizzle. When the Bank of Uganda announced its intention to purchase gold from artisan, small, medium, and large-scale miners, some players in the precious stones industry wondered why a sudden policy reversal. It has been close to three decades since the Bank of Uganda
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