Back to the drawing board: UTL’s prospective investor fails to raise capital, but the good news is that the company is yet to accrue new debts Kampala, Uganda | JULIUS BUSINGE | Ugandan government is back to the drawing board to identify a new prospective investor to take over 69% …
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Mutebile maintains CBR at 10% and projects 6.3% growth of the economy Kampala, Uganda | JULIUS BUSINGE | Borrowers from commercial banks will not experience changes in lending rates in the coming few months after Bank of Uganda maintaining the central bank rate –which influences changes in interest rates market …
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Economists welcome debt repayment but decry budget cuts for social sectors Kampala, Uganda | JULIUS BUSINGE | The government is seeking to increase spending by 5% to Shs34.3 trillion in the next financial year that starts in July amidst proposed budget cuts for critical sectors including security, education, health, social development, …
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Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) is seeking to recover over Shs160 billion following the announcement of a grace period of three months for all employers that have not remitted employees’ social security contributions to agree a payment plan. In exchange, the Fund will …
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Students cannot pass without being taught, experts tell the government as 2018 UCE results show high failure rates Kampala, Uganda | FLAVIA NASSAKA AND JULIUS BUSINGE | While releasing the results of the 2018 Uganda Certificate of Education (UCE) examinations on Jan.31, the Chairperson of the Uganda National Examinations Board …
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Dr. David Alobo is the Managing Director and Chief Executive Officer of Xsabo Group and an expert in economics and business. He spoke to The Independent’s Julius Businge about his expertise and the planned US$200million investment in solar energy in Uganda. Who is David Alobo? I am a management consultant …
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COMESA: Experts call for harmonisation of standards within the trading bloc Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa bloc presents huge opportunities for businesses but a number of challenges remain. Delegates from Kenya, Uganda, Rwanda, Ethiopia and Malawi said at a recent meeting …
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Xsabo Group plans to invest US$200 million in solar project Kampala, Uganda | JULIUS BUSINGE | Xsabo Group plans to invest US$200million in the generation of solar power to supply to the national grid, according to its Managing Director and Chief Executive Officer, David Alobo. Alobo, who on Jan. 10, …
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New generations could trigger a drop in tariffs Kampala, Uganda | JULIUS BUSINGE | Uganda government is expected to commission Isimba and Karuma hydropower dams this year as one big step towards boosting the elec¬tricity supply in the country. The commissioning of the two hydro¬power plants with a combined capacity of …
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But risks to inflation including future direction of food crop prices, exchange rate prevail Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy is projected to grow faster this year subject to a number of fundamentals. These include; continued investment in public infrastructure which will in turn have positive spillovers on …
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The Independent Uganda: You get the Truth we Pay the Price
