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Tag Archives: economy

Lack of honesty will kill online shopping in Uganda – Experts

Kampala, Uganda | THE INDEPENDENT | Online traders in Uganda risk losing the market or even discourage online shopping all together over persistent failure to fulfill the expectations of the online customers, according to trade and digital innovation experts. The growth of online business has picked up pace during the lockdown …

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Parliament approves UGX 5.4 trillion loan to finance budget deficit

Kampala, Uganda | THE INDEPENDENT | Parliament has approved up to 5.4 trillion Shillings loan to finance the budget deficit for the current financial year 2020/2021. This followed the adoption of Parliament’s National Economy Committee report in a plenary session chaired by Speaker of Parliament Rebecca Kadaga. The approved funds are …

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Uganda’s economy on recovery trend

    Kampala, Uganda | Xinhua | Uganda’s economy is on a recovery trend from the downturn caused by the COVID-19 pandemic, a new report by the ministry of finance showed Wednesday. The monthly performance report for October showed that for the fourth consecutive month, the Purchasing Managers’ Index (PMI) has …

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ULGA wants local revenue policy to boost service delivery

Kampala, Uganda | THE INDEPENDENT | The Uganda Local Government Association (ULGA) wants the government to put in place a local revenue policy to harmonize challenges faced by local governments in local revenue collection and management. Speaking at a local government leader’s breakfast meeting organized by Action Aid Uganda on Friday, …

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Government urged to support women in markets

Kampala, Uganda | Julius Businge | Women of Uganda working in markets play an important role in moving the economy and catering for family basic needs. This is one basis that people advocating for improved working conditions for women in markets are fronting. Speaking at the 4th National Women Market Symposium …

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Domestic borrowing will not hurt economy – Bahati

Kampala, Uganda | THE INDEPENDENT | The State Minister for Finance David Bahati has convinced the National Economy committee of Parliament to allow government to borrow domestically saying the economy will be minimally hurt. Bahati was appearing before the committee led by Syda Bbumba to respond to queries raised by Members …

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Financial sector leaders call for strong market rules

Kampala, Uganda | THE INDEPENDENT | The financial sector leaders have chosen to strengthen regulation to grow the stock market as opposed to relaxing rules to attract companies to listing shares. They say strong regulation of the sector gives confidence to serious investors that their investments will be safe while relaxing …

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Gov’t unveils UGX 40.7 Trillion budget proposals for FY 2021/2022

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance has unveiled a 40.7 trillion Shillings budget for the financial year 2021/2022. The proposed figure is less of the current budget by 11 trillion Shillings. Parliament initially approved 45.49 trillion Shillings budget for the current financial year which started on …

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