Business

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has warned commercial banks that the central bank may be forced to impose limits on interest rates they can charge on loans. Mutebile, who appears to make a U-turn from an earlier position that banks can charge borrowers …

The decision follows BoU’s directive to support cash flow in the economy Kampala, Uganda | ISAAC KHISA | Stanbic Uganda Holdings Ltd (SUHL) has cancelled its proposed dividend payout of Shs 5.06 per share or a total of Shs110bn to its shareholders, citing central bank’s decision to decline to the …

The World Bank is one of several multilateral lenders on the frontline of Africa’s emergency economic response to Covid-19. World Bank vice president Makhtar Diop shares his insights on how the Bank will help overcome an unprecedented crisis that has plunged Africa into a period of great uncertainty. What’s been your perspective of …

  But commercial lawyers argue that the central bank is simply cleaning its face and that the law is not on its side Kampala, Uganda | JULIUS BUSINGE | The legal battle between Bank of Uganda and Sudhir Ruparellia over the defunct Crane Bank Limited is intensifying. They are headed …

  Kampala, Uganda | THE INDEPENDENT | The Minister of Kampala Betty Amongi has announced the suspension of charges being imposed by various Taxi Associations in Kampala and the Greater Metropolitan Area for a month. She said that during this period, there will be no withdrawal of the collected welfare fees held on …

Kampala, Uganda | THE INDEPENDENT | Vice Chancellors from both public and private universities have undergone a mandatory COVID-19 test ahead of their scheduled meeting with the Education and Sports Minister, Janet Kataha Museveni. A source told URN on Monday evening that the office of the Education Minister had sent …

Kampala, Uganda | Prossy Nansubuga | The Salon and Spa Association of Uganda(SSAU) has today petitioned the Speaker of Parliament, Rebecca Kadaga to re-open their businesses which have been closed for four months now, since the influx of the COVID-19 pandemic. The petitioners led by chairman Abdu Karol Mucunguzi said that …

Kampala, Uganda | THE INDEPENDENT | Before the National Economy committee of Parliament discusses up to sh2.5 trillion in loans requests, there is increasing concern about the levels of government borrowing, despite assurances by the Finance Minister that the Uganda’s debts are still manageable. Parliament discussed and forwarded up to …

Mbarara, Uganda | THE INDEPENDENT | A drastic decline in prices of Matooke has frustrated farmers from parts of Ankole, one of the biggest producers of Matooke both a cash and food crop. Matooke production has over the years transformed livelihoods across the region, with more people depending on the food …

What international money lenders fear most about 2021 Kampala, Uganda | THE INDEPENDENT | Increased government spending and borrowing as President Yoweri Museveni seeks re-election could destabilise the economy in FY2020/21. That is the view of the latest report by the international credit rating agency, Fitch. It is backed by …