Delayed Oil Riches and Shattered Hopes
It was the promise of oil – billions of barrels of black gold, discovered locked beneath Lake Albert – and the riches to follow that brought electricity to Buliisa. Roads, …
Uganda
First Interest Rate Hike in Sub-Saharan Africa
Uganda became the first major sub-Saharan African economy to increase interest rates this year to counter inflation pressures caused by weakening currency and rising oil prices. The Monetary Policy Committee …
US Ambassador encourages more Investor-friendly Climate
The US Ambassador to Uganda Deborah Malac has cautioned Uganda on the bureaucracies and red tape in investment procedures saying they discourage many potential investors. Malac said this during a …
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Trade Ministry to start registering SMEs
This, according to Amelia Kyambadde, the trade minister is aimed at reducing the losses government incurs in tax defaulters. The trade ministry is to partner with the Uganda Registration Services …
Online Payments for Visa introduced
In a bid to boost domestic tourism, payment for Uganda visas is now done online. The new innovation is also projected to attract more foreigners into the country. According to …
Shilling continues to strengthen in wake of PTA Bank Loan
The Uganda Shilling continues its recovering road from its loss of 17% last year. Experts are confident to see further gain after the long awaited PTA Bank loan came through …
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Donald Trump: “I will lock Museveni up!”
The president-elect of the United States, Donald Trump vowed to lock up President Yoweni Museveni during the run-up to the American elections. “I want to reiterate here before America’s greatest …
Economy shrank last Quarter by 1.3%
Uganda’s economy contracted by 1.3% in the third quarter of the financial year ended last month from a growth of 1.7% in the previous quarter, hurt by poor agricultural output, …
Banking and Finance Reform becomes Law
The public and financial sector have welcomed the recent Cabinet approval of the Financial Institutions (Amendment) Bill 2015. The Bill to be tabled before Parliament soon paves way for the …
Revised Budget 2015/2016 focusses on Energy and Transport
In the latest revised draft budget, security, energy and the transport sector have been allocated more resources in the 2015/2016 budget. Government has revised the total budget for the next …
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