Tag Archives: economy

COMMENT: Nimrod Muhumuza After years of touting of Uganda’s positive economic growth in flowery language, citing growth in the manufacturing and real estate sector, and reduced poverty and inflation statistics, it is now emerging that the government is contemplating forking out over Shs1 trillion to relieve over 100 companies facing …

NBS: Some commercial banks have recalled the loan facilities previously extended to a number of companies and individuals over concerns that they may be on their to bankruptcy. This comes as the heels of media reports of a possible bail out for some key businessmen reportedly chocking on credit facilities. …

Gen. Saleh now running Museveni’s government On July 21, a group of Kampala traders met at Serene Suites, a boutique hotel of two boxlike four-story blocks on top of Mutundwe Hill on the edges of the city that has become a sort of headquarters for the financially-distressed business people. The …

The Internal Security Organisation (ISO) and Permanent Secretaries should be at the forefront in the fight against corruption, president Yoweri Museveni has said. “ISO and Permanent Secretaries and other accounting officers at district level are the ones who should help us fight corruption because they have a countrywide network,” Museveni …

President Yoweri Kaguta Museveni has said companies that sold goods to the government of South Sudan and have not been paid will be considered for a bailout. Museveni told Uganda’s Political Leadership Retreat at the National Leadership Institute (NALI), Kyankwanzi that these companies require government intervention because they are exporting …

Deputy Governor of Bank of Uganda Louis Kasekende answered questions from The Independent’s Ian Katusiime about the bank’s upcoming golden jubilee anniversary and other economic issues.   Bank of Uganda (BoU) is marking 50 years. Looking back, what does this mean for BoU? This anniversary gives the Bank of Uganda …

Role of central banks: Kasekende caught between bulls and bears Central banks need to do something about market failures. The question is what? That was the focus of discussion at the Bank of Uganda organised debate on `The Role of a Central Bank in a Market Oriented Economy’ on July …

Should struggling Ugandan businesses be bailed out by government? Government plans to fork out about Shs1trillion from the public purse to pay off the loans owed to commercial banks and save private businesses, whose assets some banks have already started putting under receivership. Basing on some of the potential beneficiaries, …

S&P keeps Uganda at B/B credit rating, Central bank governor happy over assessment   Increased investment in the infrastructure projects has helped Uganda to maintain its credit rating, according to the latest Standards and Poor report which maintained the country’s B/B rating. That is a mid-level assessment which is way …

Business-as-usual must be challenged if we are going to accelerate the turnaround of Uganda by 2020 COMMENT: By Harrison E. Mutikanga There is increasing debate within the public domain and in particular the energy sector on whether to continue investing in electricity generation facilities or shift focus to transmission and …