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Tag Archives: Julius Businge

Surging interest rates could slow economic recovery

Lending to be directed to sectors crucial to socio-economic development including SMEs, trade, industry and agri-business Kampala, Uganda | JULIUS BUSINGE | Interest rates have risen over the past two quarters this year but commercial bank executives say current levels are still fair to both lenders and borrowers. The latest …

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UEDCL revenues jump to Shs70bn

Technology, network expansion and investments in a new pole plant will drive revenues up going forward, executives say | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited has reported a sharp rise in revenue from Shs54bn in FY2017/2018 to Shs70bn in FY2018/2019 citing increased electricity network in rural areas. Paul …

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2020/2021 election economy

Tough times ahead as miscalculated spending, political activities and coronavirus threaten fast recovery of economic activities  Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy has been on a recovery path following the easing of COVID-19 pandemic lockdown restrictions, but the uncertainty surrounding the upcoming general elections is the latest concern, economists …

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Xeno assets jump to Shs8bn

Number of investors almost reach 1, 000 in just three years of business  Kampala, Uganda | JULIUS BUSINGE | XENO Investment Management Limited has reported a Shs8bn as assets under its management for the year ended December 2019, signaling a growing interest in equity investments among the population. Aeko Ongodia, …

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PSFU partners with Mastercard Foundation to support COVID-19 fight

Kampala, Uganda |  THE INDEPENDENT | Julius Businge | The Private Sector Foundation Uganda (PSFU) in partnership with Mastercard Foundation through the COVID-19 Economic Recovery and Resilience Response Program (CERRRP) managed at PSFU has handed over personal protection equipment among other items to complement the efforts of the Government of Uganda …

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MTN unveils business solution for enterprise customers

Kampala, Uganda |  THE INDEPENDENT | Julius Businge | MTN Uganda under its enterprise arm of MTN Business has launched a first of its kind 3-in-1 offer for businesses in Uganda, it said on Oct.29.  The offer is designed to help businesses get more out of their operations with more control …

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Civil society proposals for revamping the economy

Reforms cover public debt, interest rates, taxation and public spending Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella organization Civil Society Budget Advocacy Group (CSBAG) have presented a list of budget proposals to government that they think can jumpstart the economy that has …

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NIC’s next plan for growth

The insurer is enhancing automation, product innovation and pushing for asset restructuring to drive profitability Kampala, Uganda | JULIUS BUSINGE | Uganda’s oldest insurance firm, NIC Holdings Ltd, plans to ride on new technologies and product innovations to sustain profit growth. Flanked by two other top executives for the company, …

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