World Bank Chief Economist Carmen Reinhart (pictured above) said the coronavirus pandemic is turning into a major economic crisis and warned of the possibility of a financial crisis emerging. “This did not start as a financial crisis but it is morphing into a major economic crisis, with very serious financial
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UNBS Executive Director Dr. Ben Manyindo For the very first time since March 2020 when the smuggling of Kenyan salt brand with ‘FOR SALE IN KENYA ONLY’ inscription intensified, Uganda National Bureau of Standards (UNBS), the Government’s regulatory Agency responsible for enforcement of quality, standardization and assurance, and Uganda Revenue
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NWSC boss Sliver Mugisha The COVID-19 pandemic has adversely affected both private and public entities. One of the Governments owned an institution offering an essential service that has been hit hard by COVID-19 induced lockdown is National Water and Sewerage Corporation (NWSC). In an interview, Dr Silver Mugisha, the Executive
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Ian Rumanyika, the Manager Public & Corporate Affairs at URA Uganda Revenue Authority (URA) will effective July01, 2020 introduce the Electronic Fiscal Receipting and Invoicing System (EFRIS) in Uganda. In an exclusive interview with Business Focus on Wednesday June17, 2020, Ian Rumanyika, the Manager Public & Corporate Affairs at URA
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The Executive Director of Uganda Hotel Owners Association (UHOA), Jean Byamugisha has revealed how COVID-19 has hit hard Uganda’s hospitality industry. She says hotels in Uganda have so far furloughed over 400,000 staff. A furlough is a temporary leave of employees due to special needs of a company or employer,
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The International Monetary Fund (IMF) Managing Director Kristalina Georgieva (pictured) said during her speech going into the IMF’s 2020 Spring Meetings yesterday that the Fund is working 24/7 to support our member countries—with policy advice, technical assistance and financial resources. In this FAQ: The IMF's Response to COVID-19 , you
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When the first cases of coronavirus were detected in December 2019, no one could have ever predicted that it would lead to a pandemic, with countries having to place travel restrictions, close down schools, and ask their citizens to self-isolate and stay home. However, with each passing day, there are
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Archbishop Stanley Ntagali (pictured) will officially retire as the 8th Archbishop of the Church of Uganda on 1st March 2020 after clocking his 65th birthday. He was elected Archbishop on 22nd June 2012 and installed on 16th December 2012 at St. Paul’s Cathedral, Namirembe. He replaced Archbishop Luke Orombi. On
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Uganda’s central bank pointed to “abnormally low” rates for U.S. Treasury securities as a major reason behind the reported loss of 2 trillion shillings ($545 million) in the past 15 years. Over 90% of Bank of Uganda’s earnings are from interest income on foreign-reserve assets, spokeswoman Charity Mugumya said in
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Uganda Revenue Authority (URA) recently launched a new Corporate Plan 2020/21-2024/25 that will see Uganda finance a greater part of the National Development Plan (NDP) III aspirations if well implemented. This is the forth corporate plan in a 14-year span since restructuring of URA. Under the new plan, URA’s Mission
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