Business

Uganda’s 2017/2018 budget: Civil Society group speaks out Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella body – Civil Society Advocacy Budget Group (CSBAG) is calling on government agencies and departments responsible for budget implementation to efficiently implement the budget to benefit the common man. …

  Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …

  In 2015, Samuel Malinga, at age 26, founded Sanitation Africa—a company engaged in turning human waste into briquettes for cooking and agricultural manure.  For his innovative approach to waste management, he has been recognized by several organizations, including the Tony Elumelu Foundation, a philanthropy that awarded him a grant …

New York, United States | AFP |  Uber chief executive Travis Kalanick has stepped down from his job after a shareholder revolt made it untenable for him to stay, the New York Times reported on Wednesday. Kalanick had already been on a leave of absence aimed at restoring confidence in …

Paris, France | AFP |  Angola’s capital Luanda has overtaken Hong Kong to become the costliest city in the world for expats, Mercer’s annual survey said Wednesday. Dethroned last year by the Chinese city, Luanda regained the dubious honour despite the depreciation of the local kwanza currency against the dollar, …

  COMMENT: Why does the Uganda government not list the dairy sector as a priority in spite of the exponential export growth achieved? Mbarara, Uganda | RINUS van Klinken |   As the world celebrates June dairy month, Uganda has more reason than most countries to put the dairy sector in the limelight. A …

Zitto Kabwe: The arrest of Rugemalira and Seth is the ‘single most bold step by President Magufuli against corruption’ Nairobi, Kenya | AFP |  Two Tanzanian energy magnates on Monday became the first big industrialists to be charged over a multi-million-dollar graft scandal that led to the sacking of several …

NSSF widens pension coverage with new saving plan  Kampala, Uganda | JULIUS BUSINGE |  The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …

How To Export Duty-Free From Uganda To The U.S. Under The African Growth And Opportunity Act (AGOA) This guide (below) outlines the step-by-step process that Ugandan businesses should take to export to the U.S. duty-free through AGOA. Exporting can be a challenging process, but it can also be profitable for the …

Kampala, Uganda | JULIUS BUSINGE |  Bank of Uganda has today (June 19) announced a reduction of the Central Bank Rate (CBR) by 1 percentage point to 10%. Governor Emmanuel Tumusiime Mutebile made the CBR announcment that sends a signal to the market on the direction of interest rates. This rate, that …