The 2017/18 Shs30trn budget is about to be passed and adopted by the Parliament of Uganda. If passed unchanged, Uganda Revenue Authority (URA) will be expected to raise Shs14.5 trillion in 2017/18 Financial Year, up from Shs12.6 trillion in 2016/17. This means that government is no doubt going to come
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Youth in Sub-Saharan countries says failed fight on corruption and unemployment are the biggest failures by their governments, according to the latest poll by Geopoll. The poll reveals that Ghana, Kenya and Uganda lead in as far as failure by governments to tackle corruption and unemployment. This means President Yoweri
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Sheraton Kampala Hotel has announced Vinz Karlsen as its new Executive Chef. Karlsen joins with extensive experience, having worked in some top luxury hotels brands like Le Meridien, Intercontinental Hotel groups, Scandic Hotel Eremitage and many others, and has over 25 years’ experience in the hospitality industry, serving more than
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Centenary Bank, the leading indigenous bank in Uganda has overcome the economic headwinds of 2016 to record impressive results for the year ended December 2016. According to the bank’s financials released on Monday, Centenary Bank posted a net profit of Shs109.9bn in 2016, up from Shs101.6bn recorded the previous year,
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The newly appointed Uganda Investment Authority (UIA) Executive Director, Jolly K. Kaguhangire has started her job of promoting investments in the country on a high end. She recently accompanied President Yoweri Museveni and the First Lady on a three day working visit to Qatar aimed at showcasing Uganda's investment opportunities. She
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The construction of 15 oil roads in the Albertine Graben ahead of oil production anticipated in 2020 hangs in balance following Parliament’s refusal to okay funding for what has been termed as ‘ghost roads’, Business Focus reveals. According to the final Budget Framework Paper for 2017/18, the government f Uganda
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Latest report has revealed Africa’s top 10 most attractive investment destinations as well as 10 worst destinations in the continent, Business Focus reports. Botswana is the most attractive economy for investments flowing into the African continent, according to the latest Africa Investment Index 2016 by Quantum Global’s independent research arm,
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The World Bank Group has launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. A press statement from the World Bank dated April20, 2017 says that start-ups will receive mentoring from global and local experts, learn through a tailor-made
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The World Bank Group and Sexual Violence Research Initiative (SVRI) has awarded funding to the International Center for Research on Women, for an innovative project to stem gender-based cyber violence (GBCV). ICRW identified cyber violence against women as a growing and untreated phenomenon. The Ugandan team called cyber violence against
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A former government minister in Uganda has called for the castration of foreign businessmen who sexually abuse female employees. The call from Miria Matembe, former minister of ethics and integrity, came after she heard the testimony of two women who said they had been sexually abused at work, the newspaper
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