The East African region communications sector regulators have resolved to reassess the implementation of the One Network Area (ONA) framework for roaming charges in order to address the emerging issues.…
Uganda registered the highest coffee exports ever with 743,517; 60-kilogramme bags worth 121.64 million dollars in August 2023, the Uganda Coffee Development Authority (UCDA) has announced in its monthly report…
Two private businesses, Biyinzika Enterprises and Dei Group of Companies, have recently had their assets advertised in the newspapers destined for public auctions. This happens when borrowers have defaulted on…
The Uganda National Roads Authority (UNRA) is operating with a debt of 629.1 billion shillings as a result of an unreleased portion of funds for the 2021/22 and 2022/23 financial…
ASSESSMENT OF ECONOMIC PERFORMANCE AND OUTLOOK Economic Performance Inflation and Interest Rates Burundi—28.9% DR Congo—26.7% Rwanda—17.3% Kenya—6.7% South Sudan—5.6% Tanzania—3.3% (the lowest in the region). Private Sector Credit Growth External…
Of late, the Indians are feeling ‘highly’. While China’s economy has been slowing down, India’s GDP growth rate between April and June was a speedy 7.8%. The ultimate goal, says…
The East African Community (EAC) was established in November 30, 1999 by three countries; Uganda, Kenya, and Tanzania. The bloc has since enlarged to seven member countries, admitting Rwanda, Burundi,…
At 6% annual increment in milk production, investments in milk and milk products processing for local, region and international market is very critical. Currently, 80.2% of the total milk produced is marketed, 34% of the marketed milk is processed; while 66% is sold raw.
The overall goal of the budget for FY 2023/24 is to redirect more resources towards wealth creation by facilitating more Ugandans to join the money economy and accelerate the rapid expansion of the economy.
On Friday 08th September 2023 the Bank of Uganda issued the first-ever Islamic Banking License to Salaam Bank Limited. This follows President Yoweri Museveni’s signing of the Financial Institutions (Amendment)…