Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda Governor Emmanuel Tumusiime Mutebile, has October 03, announced a reduction in the Central Bank Rate (CBR) by 0.5 percentage points to 9.5% for the next three months. The CBR is the rate of interest which a central bank charges on loans and advances to commercial banks. The …
Read More »Poorer countries’ remittances to grow again in 2017: World Bank
Washington, United States | AFP | Remittances, a major source of revenue for the world’s poorest countries, are due to grow again this year after falling two years in a row, the World Bank said Tuesday. Such cash transfers to low and middle-income countries are on course to rise by …
Read More »Clean Cooking initiative targets Ugandan households with clean energy
Alfred Kusiima is the national coordinator of the Uganda National Alliance on Clean Cooking (UNACC), a membership-based association that supports and steers efforts towards reduction in demand for biomass energy resources in Uganda. He spoke to The Independent’s Agnes E. Nantaba about promoting clean and efficient cooking solutions. What …
Read More »Uganda in bold move to regulate supermarkets
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 »Muhakanizi’s fight for UTL
UTL: Finance Minister, PS Muhakanizi says the new move is to drive internet price cuts in the country Kampala, Uganda | ISAAC KHISA | Uganda government’s new plan to procure all mobile and fixed telephony communication services as well as internet from Uganda Telecom Limited (UTL) at a lower price is …
Read More »THIS WEEK: UMA trade fair set for October 3-10
Kampala, Uganda | THE INDEPENDENT | The annual Uganda International Trade Fair organised by Uganda Manufacturers Association (UMA) is this year celebrating its Silver Jubilee from October 3- 10 at the show grounds in Lugogo. The Fair offers an international marketing platform for multi-sectoral goods and services from within and …
Read More »THIS WEEK: Credit Reference Bureau firm goes online
Kampala, Uganda | THE INDEPENDENT | Metropole Uganda (Ltd), a credit reference bureau services provider, is set to unveil an online service that will enable borrowers check their credit ratings via mobile phones. Credit rating reports normally profiles borrowers and their abilities to pay back debt and are therefore used …
Read More »THIS WEEK: MTN innovation awards are back
Kampala, Uganda | THE INDEPENDENT | The MTN Innovation Awards that recognize digital innovation in the country are back. The telecom firm called for entries for the awards of 2017 on Sep 22 seeking to recognize both mobile and web-based applications developed by Ugandans in at least seven categories. The …
Read More »THIS WEEK: Cooperatives laws need to be reviewed – UCA
Kampala, Uganda | THE INDEPENDENT | Cooperatives in Uganda are in need of a new law to protect and make them more efficient, according to Ivan Asiimwe, the secretary general of Uganda Cooperative Alliance. Asiimwe, who was speaking during the UCA’s 50th Annual General Meeting held at Grand Imperial Hotel on …
Read More »THIS WEEK: Uber’s operational license in London at stake
Kampala, Uganda | THE INDEPENDENT | As Ugandans continue to use Uber as one means of transport, their counterparts in London, UK where the transport mode is popular are not sure of whether the service will be available in the near future. On Sept. 22, BBC reported that Uber would not …
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