Tag Archives: Mugume

Kampala, Uganda | THE INDEPENDENT | Borrowers in sectors that are still experiencing heavy effects of COVID-19 and containment measures against the pandemic, will have credit relief measures extended by another 12-months, according to the Bank of Uganda. At the onset of the pandemic in Uganda last year, the local …

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 …

Cost of sending money to Uganda remains high at 8.7%, double the (SDG) target Kampala, Uganda | RONALD MUSOKE | The COVID-19 pandemic that has ravaged the world over the last 18 months has cut by 26% the amount of money Ugandan migrant workers sent back home over the same …

Fort Portal, Uganda | THE INDEPENDENT | Angry residents in Mugura Cell, Rubingo Ward in North Division, Fort Portal Tourism City on Sunday set ablaze the body of Amos Mugume, a suspected kidnapper. As the burial arrangements were ongoing on Sunday, the mob stormed the house where the body was …

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 …

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 …

Bank of Baroda has recorded a 38% drop in net profit to Shs 45.3bn for the year ended Dec. 2019 but the management hope for better performance in future as it embarks on massive digitalisation. Kampala, Uganda | ISAAC KHISA | The bank’s latest financial performance also shows that whereas …

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 …

🇺🇬 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  …

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 …