The Independent Uganda: You get the Truth we Pay the Price
🇺🇬 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 …
Read More »Uganda’s coffee, maize, beans exports fall
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 …
Read More »How central banks in EAC can boost private sector credit
The economic rescue initiatives can only succeed without political interference Kampala, Uganda | ISAAC KHISA | How can central banks in the East African Community boost private sector credit that has since last year slowed down? That was one of the issues that the Central Bank Governors in the region …
Read More »Why Bank of Uganda has cut CBR to 10%
Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …
Read More »Fears BOU could fail to hit private sector credit target for last quarter
Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …
Read More »Uganda’s manufacturing sector slows growth
Sector executives, analysts predict better performance in the second half of 2016/17 The emergence of several structures at the Kampala Industrial and Business Park at Namanve, Uganda’s newest hub for manufacturers seem to give an impressive face of Uganda’s manufacturing sector to whoever glances at it from the Kampala-Jinja Highway. …
Read More »Former DPC convicted for battering journalist
Former Old Kampala Police Division Commander Joram Mugume has been ordered to pay a fine of Shs1m or face a one year jail sentence for assaulting WBS journalist Andrew Lwanga. Buganda Road Court Grade One magistrate Gladys Kamasanyu said court took into consideration the hospital bills worth Shs11m footed by …
Read More »BUSINESS: Refinery offers golden opportunity
New $20mn firm welcomed but analysts say government must strengthen legal and monitoring framework of minerals sector President Yoweri Museveni’s launch of a $20 million African Gold Refinery Ltd (AGR) – the first in East and Central Africa – in Entebbe on Feb.20 was a bold step welcomed by …
Read More »IMF on spot over liberalization policy
Christine Lagarde says government need to focus on reducing inequality The International Monetary Fund Managing Director Christine Lagarde on Jan. 27 found herself on the defensive as the audience sought for the global fund’s roles on Uganda’s development. This was during a public lecture held at the Kampala Serena Conference …
Read More »Mugume dropped, Kaliisa moved as Museveni names new PSs
President Yoweri Museveni has dropped long serving ambassador James Mugume from the Foreign Affairs ministry and moved Eng. Kabagambe-Kaliisa from Energy Ministry to the position of presidential adviser as he named a new list of Permanent Secretaries today. He confirmed Dr Diana Atwiine as the new Health Ministry permanent secretary, moving …
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