Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …

  Kampala, Uganda | JULIUS BUSINGE  |  The National Social Security Fund (NSSF) is seeking to recover over Shs160 billion following the announcement of a grace period of three months for all employers that have not remitted employees’ social security contributions to agree a payment plan. In exchange, the Fund will …

Dr. David Alobo is the Managing Director and Chief Executive Officer of Xsabo Group and an expert in economics and business. He spoke to The Independent’s Julius Businge about his expertise and the planned US$200million investment in solar energy in Uganda. Who is David Alobo? I am a management consultant …

TOURISM: Are the firms hired to boost sector delivering results? Kampala, Uganda | JULIUS BUSINGE | Godfrey Kiwanda is a Ugandan politician, junior minister for tourism and speaks passionately about Uganda’s tourism sector. On January 16, he told The Independent that he is among the government officials spearheading the government’s …

COMESA: Experts call for harmonisation of standards within the trading bloc Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa bloc presents huge opportunities for businesses but a number of challenges remain. Delegates from Kenya, Uganda, Rwanda, Ethiopia and Malawi said at a recent meeting …

Xsabo Group plans to invest US$200 million in solar project Kampala, Uganda | JULIUS BUSINGE | Xsabo Group plans to invest US$200million in the generation of solar power to supply to the national grid, according to its Managing Director and Chief Executive Officer, David Alobo. Alobo, who on Jan. 10, …

New generations could trigger a drop in tariffs Kampala, Uganda | JULIUS BUSINGE | Uganda government is expected to commission Isimba and Karuma hydropower dams this year as one big step towards boosting the elec¬tricity supply in the country. The commissioning of the two hydro¬power plants with a combined capacity of …

But risks to inflation including future direction of food crop prices, exchange rate prevail Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to grow faster this year subject to a number of fundamentals. These include; continued investment in public infrastructure which will in turn have positive spillovers on …

Kampala, Uganda | THE INDEPENDENT | Equity Bank is one of the 25 commercial banks offering financial services in Uganda. The Independent’s Julius Businge spoke to the Bank’s Executive Director, Anthony M. Kituuka on their strategy to deliver good growth in 2019 and beyond. What are your expectations in this New …

Economists still question its impact on people’s pockets Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy expanded faster than expected in the past 10 months compared with the previous year supported by accommodative monetary policy, rebound in private sector credit and continuous investment in infrastructure. Data from Bank of Uganda, Ministry …