Kenya's public debt stands at about 50 percent of GDP and the country has not been in any danger of failing to repay its creditors, President Uhuru Kenyatta said on Wednesday. Kenyatta, who faces re-election in August, told parliament in his annual state of the nation address that additional borrowing
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Barely a month after Jennifer Musisi, the Executive Director at Kampala Capital City Authority (KCCA) regretted why she took up the top job at the City Authority, President Yoweri K. Museveni has for the second time renewed her contract, Business Focus has learnt. According to credible sources at KCCA, Musisi’s contract was
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By Peter Abaanabasazi (more…)
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Uganda’s National Assembly is set to probe the country’s tax body, Uganda Revenue Authority (URA) over reports that the latter waived tax to a tune of $157m (Approximately Shs564bn) to oil companies, Tullow Uganda Limited and Tullow Uganda Operations Pty Limited. We have learnt that the two firms entered into
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In PART I published earlier, we unveiled 15 unexploited opportunities in Uganda’s trade sector recommended by Uganda Investment Authority. Some ideas can pay back investment money in three months and a profit margin for some ideas is over 90%. In PART II, we bring you more business start-ups that can
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A lot of mess continues to unfold in the ongoing probe into the Shs6bn Presidential handshake. The probe took a new twist when it was revealed that the London law firm hired to defend Uganda was paid by two Government entities to handle the same case. The revelation of the
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On February 15, 2017, the Bank of Uganda (BoU), Uganda’s Central Bank cut the Central Bank Rate (CBR), a benchmark lending rate for commercial banks, to 11.5%, down from 12% in December 2016. Prof. Emmanuel Tumusiime-Mutebile, the Governor, BoU, said that a cautious easing of monetary policy was warranted to
Read MoreUnited Nations Development Programme (UNDP) is now accepting applications for the ‘Uganda Training on Environment, Community, Health and Safety’, Business Focus has established. The trainings will be delivered on a regional basis with Entebbe (Central), Kasese (West), Mbale (East) and Gulu (North) being the training hubs, UNDP Uganda office said
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Uganda’s former Finance Minister the late Jehoash Mayanja-Nkangi will remain a pillar in Uganda’s history for he was a rare politician, who played a key role in turning around Uganda’s economy when it was on its knees. During the Funeral Service of the late Mayanja Nkangi held at Ntinda, Kampala
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By Rose Kiyingi Wakiso Police is working around the clock to find a 40-year-old businessman who escaped from police custody. Kagesera Chause Kugonza is alleged to have fled from the cells at Kireka Police Station with the aid of a yet-to-be identified police officer. A resident of Kamuli Zone B,
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