Tag Archives: economy

Hangzhou, China | AFP |  This year’s most exclusive and closely-watched diplomatic party –- the G20 summit –- saw presidents and prime ministers from countries representing 85 percent of the global economy gather in the Chinese city of Hangzhou. How did the first China-hosted G20 go? While analysts correctly foresaw …

Lead pusher Bitature bags Shs47bn Government could be quietly handing out billions of shillings to private businesses, The Independent has learned from sources familiar with some of the transactions. What is not clear, however, is the extent to which those who claim that this is a `silent’ roll-out of the …

COMMENT: David Chandi Jamwa Bailout – How to get it done and done right without using taxpayers money For the past three months or so I have been seeing myriad opinions, sentiments, emotions, rebuttals, re-rebuttals, postulations, reverse-postulations, forwardings, withdrawals, denials, and in several cases outright rubbish, flying around the Ugandan …

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …

VIDEO: Investors who were promised prime land have accused government of not walking the talk and instead giving them swampy areas where they have had to invest a lot of money to develop This was during the visit to the industrial by the Uganda vice president Edward Kiwanuka Ssekandi.   Share …

Museveni appoints team to tame defiant Muloni, Kabagambe On Aug.9 the Ministry of Energy headquarters at Amber House in Kampala was a bee-hive of activity. Representatives from power generator, UEGCL, the Finance Ministry, the Attorney General, Electricity sector regulator, and ERA converged there for an important meeting. The meeting was …

VIDEO: A section of tycoons mentioned among the bailout beneficiaries have admitted having financed part of the campaign activities of the ruling National Resistance Movement in the February general elections. The tycoons led by the Chairman Uganda Manufactures Association, Amos Nzeeyi however say their decision to support the ruling party …

Uganda is one of the top performers in financial inclusion, according to the US-based Brookings Finance and Digital Inclusion Project (FDIP). Uganda was ranked 5th among the 26 countries surveyed with the success being attributed to a strong level of mobile money adoption and the amendment of the Financial Institutions …

What anniversary year  says about the state of the monetary policy signal COMMENT: Geoffrey A Onegi-Obel   The Bank of Uganda on August 2 and 3 capped a series of celebratory Golden Jubilee activities with the annual Joseph Mubiru Memorial Lecture and an Anniversary Day with President Yoweri Museveni as the …

Bank of Uganda Monday reduced the Central Bank Rate (CBR) by I percentage point to 14 percent. CBR is the rate of interest which a central bank charges on the loans and advances to a commercial bank. BOU governor Tumusiime Mutebile said that because inflation is forecast to stabilize around the policy target of …