Tag Archives: Julius Businge

What experts say about Shs45.4tn, debt, taxes Kampala, Uganda | JULIUS BUSINGE AND ISAAC KHISA | The 2020/21 national budget read on June 11 has been criticised by experts as weak on all fronts; from its stimulus and bailout programmes to the manner in which its figures were arrived at …

Pearl Dairy resumes milk processing  THE INDEPENDENT | JULIUS BUSINGE | Pearl Dairy Farms Limited has resumed operations after nearly four months of no activity. The company had suspended milk processing until further notice at the beginning of the year (2020) after Kenya blocked the entry of its processed milk …

Manufacturers want government to continue footing the bill for due to coronavirus pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s manufacturers now want government to continue footing the bill for the Digital Tax Stamps (DTS) due to the threat being posed by coronavirus pandemic (COVID-19) to businesses. DTS are markings …

  Analysts say the proposed budget should focus on key sectors that support revamping the economy Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Over the past six weeks, Uganda has been in a total lockdown. Shops, except pharmacies and agro vets, had been shut. Transport paralysed. Hotels switched …

 Kampala, Uganda |  THE INDEPENDENT |  Julius Businge | Centenary Bank General Manager in charge of financial markets Benoni Okwenje says the Uganda shilling trading with other foreign currencies’ especially the US dollar will largely remain unchanged in the week that starts tomorrow.  In a notice dated April 24, Okwenje said: …

Kampala, Uganda |  THE INDEPENDENT | Julius Businge  |  Expenditure for the new budget should mainly focus on key sectors that must support revamping of the economy, according to civil society organisations under their umbrella group, Civil Society Budget Advocacy Group (CSBAG).  In a joint statement dated April 20, the group …

Kampala, Uganda | JULIUS BUSINGE  |  As world leaders continue to implement measures for fighting the spread of coronavirus pandemic, analysts say social distancing is key but people should ensure they remain connected.   “In these challenging and unprecedented times there has never been more need to reach out,” said BCW (Burson …

Kampala, Uganda |  JULIUS BUSINGE |  A group of civil society organisations under their umbrella organization, Civil Society Budget Advocacy Group (CSBAG) have written to President Yoweri Museveni on the ‘controversial’ giveaway of Shs10bn to Members of Parliament to fight the spread of the coronavirus pandemic.  The general message in the …

Kampala, Uganda | JULIUS BUSINGE | Simba Automotives, a subsidiary of Shumuk Group of Companies has donated three motorcycles and a motorcycle ambulance to the government of Uganda worth Shs50million towards the fight against the spread of coronavirus pandemic. The donation was received by the Minister of Health Dr. Jane …

Performance is attributed to increase in electricity demand, cost reduction Kampala, Uganda | JULIUS BUSINGE | Shareholders of power distributor, Umeme Limited will not go home with nothing in their Annual General Meeting slated later in the year as the company recorded a slight increase in net profit from Shs132bn …