The debt service to tax revenue ratio has increased to 27.1% in Oct. 2021, up from 24.4% in the same period in 2020 Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic induced borrowing has seen Uganda’s public debt raise 3.1% to Shs 73.78trillion compared to June 2021, says the …
Read More »UEGCL to light 60 villages in Kayunga district.
Nearly 60 villages in Kayunga district are set to be connected to the national electricity grid to boost the socio-economic status of the population, according to Eng. Harrison Mutikanaga, the managing director at the Uganda Electricity Generation Company Limited. Kampala, Uganda | THE INDEPENDENT | Mutikanga, who was accompanied by …
Read More »BoU to issue guidelines on green financing
It plans to integrate climate change related risks in analysing micro and macro-economic conditions Kampala, Uganda | ISAAC KHISA | Uganda’s central bank will soon rollout guidelines for green financing to support small and medium and enterprises as the country strives to achieve sustainable development. Hannington Wasswa, the director commercial …
Read More »Investing in women is smart economics-WB
The government has helped women start small businesses but more female entrepreneurs need to move into larger business space to drive economic recovery and industrial transition Kampala, Uganda | ISAAC KHISA | Uganda’s economic recovery will be faster, stronger, and more sustainable if it brings more women into the center …
Read More »Not yet time for Uganda’s lower-middle-income status
World Bank urges a more gender inclusive recovery at latest economic update Kampala, Uganda | ISAAC KHISA | Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, …
Read More »Insurers move to curb motor third party insurance fraud with integrated MTP-EPS system
Since the rolled out of mandatory mobile motor third party insurance in 2019, 414,550 policies have been issued through the system worth Shs 30.6bn in premiums Kampala, Uganda | ISAAC KHISA | The Insurance Regulatory Authority has linked its third party insurance platform to the police’s Express Penalty Scheme system …
Read More »China plans to deepen influence in Uganda with digital projects
However, the trade volumes between the two countries are in favour of the Asian nation Kampala, Uganda | ISAAC KHISA | China plans to deepen its influence in Uganda with the implementation of the China-Africa Digital Innovation initiative alongside other pledges in investment, trade and access to coronavirus vaccines. Chinese …
Read More »Limited awareness hampering uptake of venture capital in Uganda
Kampala, Uganda | ISAAC KHISA | Ugandan businesses have an opportunity to tap into venture capital to facilitate their growth and expansion but they have limited information in relation to their existence and their mode of operation. Doris Acheng, the coordinator for Uganda for the East African Venture Capital Association …
Read More »Now Uganda prepares for natural disasters
The National Disaster and Risk Management Plan is set to be ready in December but the inadequate funding and human resource personnel could hamper its effective implementation Kampala, Uganda | Isaac Khisa | Uganda will soon have a national disaster and risk management plan to handle disasters but the challenges related to …
Read More »Cipla recovers 5.6% of Zambian debt worth Shs 42.9bn
The company recorded Shs 2.8billion profit for the half year period Kampala, Uganda | ISAAC KHISA | Uganda’s drug manufacturer, Cipla Quality Chemicals Ltd, recovered Shs 2.5billion from the Zambian government for the drugs supplied in 2018, helping the company to record a profit from the second time since listing …
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