Government drafting guidelines to deal with defaulting retail chains Kampala, Uganda | JULIUS BUSINGE | Supermarkets in Uganda have made it a habit not to pay or delay payments to suppliers of goods and services in time but that will soon come to an end once the government’s proposed …
Read More »Bad 2016, gloomy 2017 for banks
Experts blame it on bad economy, call for quick fixes Kampala, Uganda | JULIUS BUSINGE | On Sept. 07 Bank of Uganda (BoU) released a delayed annual supervision report for the financial sector for the year ended December 2016. The reasons that delayed the report that normally comes out in …
Read More »Lwakataka in trouble again over immature fish
Former rally driver Ponsiano Lwakataka is involved in a dispute with the UPDF over a consignment of immature fish impounded by the UPDF marine unit from the DRC border. The consignment allegedly belongs to Lwakataka but the UPDF says he fled during the operation. The fish estimated to be worth …
Read More »Bad news: IMF is back
Lagarde is visiting when the government is desperate for new money but in no mood to listen. Usually that means no deal but possibly not when the IMF and Museveni need each othe. Meetings between teams from IMF and planners of Uganda’s economy, especially President Yoweri Museveni, have historically involved …
Read More »Spend resources on critical sectors, Nuwagaba tells government
By Julius Businge Senior economist Augustus Nuwagaba from Makerere University has called on government to spend resources on critical sectors like infrastructure, agriculture, manufacturing among others to grow the economy in the New Year, 2013. The central bank recently said the economy grew at 5.2% for the period ending December …
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The Independent Uganda: You get the Truth we Pay the Price