Tag Archives: Julius Businge

Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector remains stable amidst a slight reduction in the activity, according to the latest monthly survey conducted by Stanbic Bank. Stanbic Bank Uganda Purchasing Managers Index for manufacturing and services declined slightly from 54.9% in November to 54.3% in December 2017. However, the …

Kampala, Uganda | JULIUS BUSINGE | Xeno Technologies Uganda Limited is an indigenous investment fund management company that officially launched business on Jan.03. The company’s CEO, Aeko Ongodia spoke to The Independent’s Julius Businge about their plans.   What is your core business like?   Xeno Technologies is a newly licensed …

Key indicators remain largely unchanged Kampala, Uganda | JULIUS BUSINGE | 2017 appears to have been a good and bad year for Uganda’s economy even as key indicators remained largely unchanged. Bank of Uganda’s monetary policy tamed inflation to below the set target of around 5% as well as stabilised exchange rate …

Power generator cleared to hire new dam supervisor Kampala, Uganda | JULIUS BUSINGE | Power generator—Uganda Electricity Generation Company Limited (UEGCL)—is set to hire a new supervisor technically known as Owner’s Engineer (OE) for the 183MW Isimba hydro-power dam. This comes two months after the contract of Energy Infratech expired in …

More storage facilities in offing as private players increase storage capacity to match the growing demand Kampala, Uganda | JULIUS BUSINGE | With the current expansion of Uganda’s industry and manufacturing, transport, and services sectors in addition to a rapidly growing population,which are key consumers of petroleum products, one key question …

But should Dr. Ha – Joon Chang’s push for more state intervention in the economy be the future? Kampala, Uganda | JULIUS BUSINGE | The guest speaker at the Bank of Uganda’s flagship annual lecture series; the Joseph Mubiru Memorial Lecture, is usually a distinguished individual in the field of finance, …

Kampala, Uganda | JULIUS BUSINGE | Physical progress of works (civil, hydro-mechanical and electro-mechanical) of the construction of the 600MW Karuma hydro-power dam is now at 71% completion rate ahead of official commissioning in December next year. The dam, which is constructed under the ground, is costing the government of Uganda …

Social security funds to tackle key areas in education, IT to accelerate pension growth Kampala, Uganda | JULIUS BUSINGE | How can African governments ensure that the working population has some sort of social security at old age? That was the main issue discussed during the two-day East and Central Africa …

But will he achieve the Shs 20 trillion in savings by 2022? Kampala, Uganda | JULIUS BUSINGE | Richard Byarugaba was recently re-appointed as the managing director of the National Social Security Fund for another five-year term. His performance in the first term seems to have impressed his supervisor – the …

Kampala, Uganda | JULIUS BUSINGE | The East African Revenue Authorities are facing similar challenges – a small tax base because of a huge informal sector, tax evasion, limited human resource personnel and volatile economy. Others are poor information technology systems and connectivity, political uncertainties and delays in dispute resolution. In …