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Tag Archives: Mugume

Economy at crossroads

Can Mutebile’s latest announcement and government spending plan save the economy hurt by coronavirus lockdowns? | JULIUS BUSINGE | On June 16, Bank of Uganda Governor, Emmanuel T. Mutebile made a big announcement that many pundits believed would boost economic recovery. For the first time in many months, Mutebile cut …

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High interest rates explained

Government executives fail to provide viable options to lower interest rates as experts propose initiatives Kampala, Uganda | JULIUS BUSINGE | Uganda government’s over-reliance on borrowing from the local market is the main reason behind the high interest rates. This was the general assessment that stakeholders during a seminar held …

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Jumia’s 8 years in Uganda

Company officials say the business is here to stay Kampala, Uganda | JULIUS BUSINGE | E-commerce firm, Jumia Uganda, a subsidiary of the pan African e-commerce company, Jumia Group on June 10, celebrated eight years of business operations at a mini-press conference held in Kampala, where top officials said they …

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Ugandans hold sh16 trillion in bank savings

Kampala, Uganda | THE INDEPENDENT | Ugandans hold as much as Sh7.8 trillion on time deposit accounts, a figure which, according to the central bank implies confidence in the banking system. A time or term deposit is an interest-bearing bank deposit account that has a specified date of maturity, where …

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Uganda’s coffee, maize, beans exports fall

🇺🇬 Export earnings ⬆               2017/18 – 2018/19 Gold 🥇 US$343m – US$1,068m Fish 🐠   US$146m – US$185m Tobacco US$54m  – US$85m Cocoa B  US$58m – US$73m 🇺🇬 Export earnings ⬇                2017/18       2018/19 Coffee☕ US$492m  …

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Koreta, Mugume now Generals, Muhoozi Lt.Gen

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has promoted more than 2,031  officers and men of the Uganda Peoples Defence Forces (UPDF) to various ranks. One hundred of the officers were promoted to align with establishment appointments, 97 were promoted due to retirement, 130 were promoted for long …

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