Tag Archives: Julius Businge

  A new Bank of Uganda policy seeks to push businesses and individuals towards electronic payments, but the transition will test the country’s digital infrastructure and financial readiness   Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s move to cap over-the-counter withdrawals marks a major shift in how businesses …

    A 42-day surveillance period will determine whether the country has truly contained the outbreak   Kampala, Uganda | JULIUS BUSINGE | Uganda has entered a crucial phase in its latest battle against Ebola after discharging the country’s last confirmed patient, beginning the mandatory 42-day period required before the …

The increase followed a rise in group profit after tax to Shs74.9 billion, compared with Shs72.1 billion in 2024   Kampala, Uganda | JULIUS BUSINGE | Uganda’s financial services group dfcu Limited is entering a new phase of growth after shareholders approved a Shs16.32 billion dividend payout as it seeks to …

  The forum also highlighted the need for stronger capital markets to support Uganda’s long-term development goals   Kampala, Uganda | JULIUS BUSINGE | Uganda’s plan to expand its economy tenfold to about $500 billion by 2040 will depend not only on investment and industrial growth but also on stronger …

Wifi crackdown comes at the time the country’s internet market continues to expand, with UCC reporting 18.5 million internet subscriptions and 47.1 million active mobile subscriptions   Kampala, Uganda | JULIUS BUSINGE | For the past six months, Derrick has operated a small but profitable internet business from three locations …

  The lender has waived transaction charges and loan arrangement fees for six months and says credit decisions will be made within 48 hours   Kampala, Uganda | JULIUS BUSINGE | NCBA Bank Uganda has launched a new business banking proposition offering unsecured loans of up to Shs500 million within …

  Digital procurement oversight expands across 1,296 government projects   Kampala, Uganda | JULIUS BUSINGE | The Ugandan government has begun digitally monitoring public projects worth approximately Shs1.2 trillion ($320 million) as authorities step up reforms aimed at improving spending efficiency, strengthening contract oversight and reducing procurement-related losses. The Public Procurement …

  Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has cut its lending rate to 10% per annum for agriculture-based savings and credit cooperative organisations (SACCOs), in a move that underscores rising competition among lenders targeting Uganda’s rural financial ecosystem. The reduced rate is aimed at improving access to …

  Kampala, Uganda | JULIUS BUSINGE |  “We are sorry to our customers who were affected by the service disruption that happened on Sunday.” That apology dominated a media briefing addressed by top MTN Uganda officials at the company’s headquarters in Kampala on July 7, as management sought to explain …

  The project, however, remains the subject of criticism from environmental organisations, which have raised concerns about its ecological and climate impacts   Kampala, Uganda | JULIUS BUSINGE | The East African Crude Oil Pipeline (EACOP), one of Africa’s biggest energy infrastructure projects, has passed the 90% completion mark, bringing Uganda …