Tag Archives: Julius Businge

BoU cut its central bank rate from 13% in October to 12% in December to stimulate economic activities As 2017 business starts commercial banks are optimistic that the sector will register a surge in profitability on the back of improving economy and a reduction in Non-Performing Loans. Speaking to The …

Business captains punch holes in Bank of Uganda projections Uganda’s economy is expected to pick up steam this year, boosted by public infrastructure spending and easing of the monetary policy to stimulate economic growth. At least that is the view of Bank of Uganda Governor Emmanuel Mutebile. Mutebile spewed his …

Non-performing loans more than doubles to 7.7 %, Crane Bank sinks As 2016 comes to an end, it is clear that it has been a year in which the banking industry choked on surging losses on the back of bad loans. One of the biggest banks; Crane Bank, suffered a …

Festive season and prolonged drought push prices high This year’s Christmas may not be merry as many could hope as prices for specific basic commodities increases ahead of the big day, The Independents analysis shows. The price of sugar has increased from Shs 3, 200 to Shs 5,000 per kilogramme …

Cash strapped UTL managers chase capital to fund three years turnaround strategy Uganda Telecom is one of the oldest telecom companies in the country and the third in terms of subscriber base now standing at less than two million out of the 22.97million mobile phone users, writes Julius Businge. Owned …

Food prices remain high as service companies offer cuts The end of year festive season is coming during tough times and businesses need to devise new ways of reaching out to old customers and attracting news ones, according to Charles Ocici, the executive director of Enterprise Uganda, a UNDP sponsored …

By Julius Businge  The Minister of Information and Communications Technology, John Nasasira has urged government spokespersons for different agencies to utilize social media as a means of communicating government programmes. The minister made the remarks in a speech at a one-day social media workshop of over 100 government spokespersons organized …

By Julius Businge  The Dutch government through its foreign affairs ministry announced a US$1.2mn (approx. Ush3.4bn) support to 30 Business Process Outsourcing companies of Uganda under the Netherlands Trust Fund III.  While announcing the support in Kampala, the capital city ON Feb. 5, the Netherlands Ambassador to Uganda, Alphons Hennekens …

By Julius Businge   Rwanda’s home carrier, RwandAir has launched its daily flights to Nairobi from Entebbe; a move that officials said is a fulfillment of their expansion strategy in the region and beyond. Speaking at Entebbe International Airport, on Jan. 29, John Mirenge, the CEO of RwandAir said the …

By Julius Businge  Uganda Revenue Authority (URA) enforcement team has recovered 750 cartons of assorted biscuits and chocolates worth Ushs10 million, the authority said in a recent notice. The recovery was in an operation held on Dec. 12 at a residence in Ntinda, a Kampala suburb. The recovered items are …