Per capita income increased to about US$930 for FY21/22, edging closer to the lower-middle-income threshold Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic activity is accelerating despite commodity-price inflation, global monetary tightening, international supply-chain bottlenecks, and a local Ebola outbreak, according to the World Bank’s 21st Edition of the Uganda Economic …
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Kampala, Uganda | JULIUS BUSINGE |The Public Accountants Examinations Board (PAEB) of the Institute of Certified Public Accountants of Uganda (ICPAU) on June 26 released the results of the May 2023 examinations. The examinations were conducted from May 29 – June 2 at seven examination centres namely – Arua, Fort …
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Experts want result-oriented interventions on debt, corruption, spending, and credit access for the private sector Kampala, Uganda | JULIUS BUSINGE | The Ugandan government has been asked to be frugal in fighting corruption, exorbitant expenditure, and debt management if it is to achieve meaningful results in the implementation of the …
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Kampala, Uganda | JULIUS BUSINGE | The Institute of Certified Public Accountants of Uganda has unveiled the 2023 prestigious FireAwards scheduled to take place on November 1, 2023, under the theme “ESG: Reporting as Brand Storytelling.” The launch of the awards was held in Kampala on June 20 by ICPAU executives …
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The Fund has unveiled business opportunities for FY2023/2024 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has unveiled business opportunities for local firms during the Financial Year 2023/24 which starts next month. These include investments in real estate, insurance services, advertising and promotions, information technology systems, consultancies, and …
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Government to slap taxes on online services without a plan for device uptake Kampala, Uganda | JULIUS BUSINGE | Finance Minister, Matia Kasaija’s decision to impose a value-added tax on digital services without creating an enabling environment for the population to access internet-enabled devices such as smartphones reveals a disconnect between …
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PAU statistics show that more than 11,054 Ugandans are currently employed in the oil and gas sector Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas sector has employed more than 11,670 people with local citizens taking more than 93% of the jobs at the end of May this year, …
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Kampala, Uganda | JULIUS BUSINGE | Uganda’s annual headline inflation decreased from 8.0% for the year ended April 2023 to 6.2% for the year ended May according to data released by Uganda Bureau of Statistics Executive Director Chris Mukiza on May 31. The slowdown in inflation is largely attributed to the …
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Kampala, Uganda | JULIUS BUSINGE | Nile Breweries Limited has launched a social entrepreneurship program dubbed “100+ Accelerator,” Cohort 2023 aligned towards the promotion of business start-ups committed to sustainability. The program, an initiative of the parent company of NBL, AB InBev will offer a funding opportunity of up to …
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But directors have recommended a dividend of Shs2.5 per share payable in September this year which is higher than Shs2 per share paid last year. Kampala, Uganda | JULIUS BUSINGE | Pharmaceutical manufacturing company Cipla Quality Chemical Industries Limited has reported a 21% decline in profit after tax from Shs24bn in …
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