Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …
Read More »Kampala tenants flee city centre
Rent drops but top property agency sees short-term gloom before long-term boom Rent for office space in prime locations in Kampala city has taken an almost 30% fall as tenants flee the city’s Central Business District (CBD), according tothe latest report from the property agency Knight Frank. Rents have dropped …
Read More »Bad fuel on the market
Bad fuel concern: Dealers, UNBS clash over adulterated fuel standards If you are a motorist, chances are high that you’ve ever bought adulterated fuel unwittingly. Fuel adulteration involves the mixing of diesel or petrol with kerosene as dealers seek to take advantage of the lower price of kerosene to increase …
Read More »New UBOS report faults government on agriculture Investment
The proportion of Ugandans engaged in agricultural activities has registered a slight increase according to the latest National Services Delivery Survey. A report, which was compiled by the Uganda Bureau of Statistics (UBOS) shows that the proportion of Ugandans who depend on agriculture increased from 75% in 2008 to 76% …
Read More »In The Independent: Fight over Museveni’s bailout money
COVER STORY: Fight over Museveni’s business bail out money President Yoweri Museveni is battling with technocrats at the central bank and Finance Ministry over whether to fork out of the public purse about a trillion shillings to bail out private companies facing immense financial distress. Behind the bail-out is a …
Read More »Managing a Shs 180bn SACCO
Col. Simon Ocan is the chief executive of Wazalendo, the SACCO for the Uganda People’s Defense Forces (UPDF). He spoke to Flavia Nassaka about their operations and pertinent issues to the cooperative movement in the country. What are the key elements in your management style? In management, there are three …
Read More »World Bank hails Northern Corridor logistics environment
Northern Corridor success: New World Bank report highlights logistics on EAC’s Northern Corridor as an inspiring African success story Finally, the massive investments in projects to remove logistical bottlenecks in the East African Community are starting to pay off great dividends. A new World Bank report dubbed, ‘Trade Logistics in …
Read More »TANGA ODOI: I am not controversial
Tanga Odoi, the chairman of the National Resistance Movement (NRM) party’s Electoral Commission, is assertive to the point of abrasiveness. The former university don attributes his confidence in dealing with situations directly and not fearing to take a stand from the kind of family he was raised. Odoi, who is …
Read More »UPC is not for sale
COMMENT: By Harold Acemah Early in the morning of Wednesday, June 15, a friend called me from Kampala to deliver some bad news he had just read in the Daily Monitor of that day. He told me, with anguish, that UPC and Uganda House had been sold to the proprietor …
Read More »Tanga Odoi: On having 4 mothers
Tanga Odoi, the chairman of the National Resistance Movement (NRM) party’s Electoral Commission, is assertive to the point of abrasiveness. The former university don attributes his confidence in dealing with situations directly and not fearing to take a stand from the kind of family he was raised. Odoi, who is …
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