In The Magazine

The economy isn’t in such a bad shape as earlier thought, the International Monetary Fund (IMF) has said in its latest assessment. Speaking at the conclusion of a two-week’s 7th review of Uganda’s economic programme under the Policy Support Instrument (PSI), Axel Schimmelpfennig, the IMF Mission chief, said the country’s prospects …

She was working by age 15, has worked at her current job for 10 years, and is doing something she always wanted to do from childhood. Sanyu FM radio presenter ‘Crystal’ Angella Newman Kavulu is living her dream, partly because of sheer determination. But it has not always been like …

Karen Melik Simonyan is the President of Russian African Foundation for Science, Culture and Economic Development (RAFSCED), an initiative aimed at furnishing both the African and Russian Business communities about the business opportunities that do exist in both countries, as well as other African countries.  He spoke to Nicole Namubiru …

Better business climate Uganda’s ranking in the 2017 World Bank’s Ease of Doing Business has improved by seven places, a development that shows that ongoing business environment reforms being implemented by the government are starting to bear fruit. Uganda now ranks 115th out of the 190 assessed economies, which is …

The major commercial banks in the country have released statements, lowering their prime lending rates, the lowest lending rates for the best customers to between 21% and 23% per annum. This is in response to Bank of Uganda’s recent decision to lower the Central Bank Rate last month from 14% …

Though poaching is regarded as the main danger for wildlife, there are other factors that kill them, writes Joseph Ondiek An organisation in Rwanda, the One Health Approach for Conservation (OHAC), is pioneering a new way of conserving the nation’s treasured mountain gorillas and other wildlife. Founded in 2015 by Jean …

Is FDLR splitting? The recent arrest of a top Rwandan rebel commander in the DR Congo has once again sparked speculation that the FDLR could be on the verge of imploding internally. Habyarimana Mucebo Sofuni, a senior member of the Rwandan FDLR rebel group, was captured in Rutshuru, north-eastern DR …

Uganda, Russia reach understanding to harness huge Uranium deposits to produce thousands of mega watts from nuclear energy It’s now official; Uganda’s plan to develop nuclear as a source of electricity is on course. On Oct. 13, a Russian government delegation was in Uganda to meet President Yoweri Museveni.  The …

With the Crane Bank being placed under Central Bank management and several other commercial banks being asked to recapitalise, the banking sector in Uganda seems to be under a lot of stress lately. What seems to have brought down Crane Bank does not seem to be a Crane Bank problem …

Threat to cut funding leads to fight among energy bosses Sparks are flying between President Yoweri Museveni and his Chinese lenders, Exim Bank, on one hand and between Ministry of Energy officials and of the Uganda Electricity Generation Company Ltd (UEGCL) on the other. Trouble is over the piling up …