Tag Archives: economy

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 …

Kampala, Uganda | THE INDEPENDENT | The European Union (EU) delegation in Uganda will today meet President Yoweri Museveni to discuss conservation of natural resources. Eight EU Ambassadors have for the past four days been in Western and Northern Uganda to assess and discuss environmental conservation in the country. Top on …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | Payment of taxes by institutions providing education, tourism and agricultural services will be halted until December 31, 2020. The decision is part of the new Tax Procedures Code Amendment Bill, which was passed this evening by the Parliament. Under the Bill, the government sought …

Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …

Kampala, Uganda | THE INDEPENDENT | More Ugandans could drift into poverty unless government comes up with measures to cushion those that have been rendered jobless as a result of COVID-19 pandemic. As the world marks the International Day for the Eradication of Poverty, there are fears that poverty levels in …

A peep into a powerful treatise that people in the free market movement need to ponder over THE LAST WORD | ANDREW M. MWENDA | Few books have gripped me as did Thomas Piketty’s economics blockbuster, Capital in the Twenty First Century. Published in 2015, I took long to read it …

Kampala, Uganda | THE INDEPENDENT | The Commercial Court judgment against Diamond Trust Bank-DTB will have wider repercussions across the entire economy in terms of the cost of credit. On Wednesday, the Head of the Commercial Court, Justice Henry Peter Adonyo ruled that the credit facilities DTB-Kenya offered to local businessman, …

Juba, South Sudan | Xinhua | South Sudan’s government on Friday said it will soon be changing its currency in a bid to shore up its economy following continued depreciation of the pound against the U.S. dollar. Michael Makuei Lueth, Minister of Information and Broadcasting said the decision came after the …