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Tag Archives: Kasaija

2021 election budget

Panic over jump from Shs400bn to Shs870bn Kampala, Uganda | RONALD MUSOKE | How serious is the government claim that it does not have money to fund the 2021 general elections? That is the question raised by the latest appearances before parliament on the issue of Minister of Finance Matia …

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Electricity generation company in record Shs24bn profit

Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited (UEGCL) announced on Dec.17 that it had made a net profit of Shs24.7bn for the financial year 2018/19, up from a loss of Shs10.8bn a year before. Officials said the profit, the first since the company’s inception in 2001, …

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Fighting over UTL administration

Will Bemanya’s removal save or ruin the company?   Kampala, Uganda | JULIUS BUSINGE | Bickering among government officials on who should take over the management of Uganda telecom as provisional administrator could scare away prospective investors, experts say. UTL needs around Shs255bn to clear some of its Shs536bn debt …

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The big Fintech opportunity

New law to facilitate trade and digital payment systems Kampala, Uganda  | JULIUS BUSINGE | Fintech offers enormous opportunities such as improving service delivery, provision of employment opportunities and boosting financial inclusion for the unbanked to the developing economies. It is therefore important that the innovations are appreciated, according to …

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EU governments, Uganda’s Kasaija warn about crypto-currencies

Kampala, Uganda | THE INDEPENDENT & AFP | A day after Uganda’s Finance Minister Matia Kasaija warned about the use of crypto-currencies, European governments are asking questions about Libra, forcing Facebook’s partners to reconsider. Mastercard, Visa and other financial partners being enlisted to oversee Facebook-backed cryptocurrency Libra are having second thoughts …

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