Tag Archives: economy

Deputy Governor of Bank of Uganda Louis Kasekende answered questions from The Independent’s Ian Katusiime about the bank’s upcoming golden jubilee anniversary and other economic issues.   Bank of Uganda (BoU) is marking 50 years. Looking back, what does this mean for BoU? This anniversary gives the Bank of Uganda …

Role of central banks: Kasekende caught between bulls and bears Central banks need to do something about market failures. The question is what? That was the focus of discussion at the Bank of Uganda organised debate on `The Role of a Central Bank in a Market Oriented Economy’ on July …

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …

S&P keeps Uganda at B/B credit rating, Central bank governor happy over assessment   Increased investment in the infrastructure projects has helped Uganda to maintain its credit rating, according to the latest Standards and Poor report which maintained the country’s B/B rating. That is a mid-level assessment which is way …

Business-as-usual must be challenged if we are going to accelerate the turnaround of Uganda by 2020 COMMENT: By Harrison E. Mutikanga There is increasing debate within the public domain and in particular the energy sector on whether to continue investing in electricity generation facilities or shift focus to transmission and …

Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …

Why our country remains poor with high unemployment in spite of 28 years of huge expansion in GDP Last week, I spent an entire day at Uganda Bureau of Statistics crunching numbers with the staff on our GPD growth between 1986 and 2014. There is only one route for nations …

The UK is the 9th largest export economy in the world. In 2014, it exported $472 billion and imported $663 billion. The top exports of the UK are cars, gold, crude petroleum, refined petroleum and packaged medicaments. Uganda is not among the UK’s to export destinations which are the United …

Why the story of Rwanda’s economic success keeps being juxtaposed with human rights abuses Last week I was in Kigali, Rwanda, after only two weeks of absence. Driving from the airport to the city, I found two new roundabouts near the new Convention Center complex. On my right was a …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …