Tag Archives: Julius Businge

By Julius Businge Bank of Uganda has responded to the rise in banks’ non-performing loans and other assets (NPAs) recorded in 2012 arguing that the rise was mainly attributed to the macroeconomic challenges in 2012. The bank however, in an email to this magazine was quick to say that the …

By Julius Businge British American Tobacco managing director Jonathan D’Souza has called on government to find tangible measures to fight illicit trade in the tobacco business so as to enhance fair competition in the industry. D’Souza says this vice, together with illegal tobacco buying in the buying season are causing …

By Julius Businge World Bank Group President Dr. Jim Yong Kim and United Nations Secretary-General Ban Ki-moon will make a historic joint visit to Africa’s Great Lakes region from May 22 to 24 in support of a recent landmark peace agreement and to push for economic development in one of …

By Julius Businge Senior minister for Information and Communications Technologies (ICTs) Ruhakana Rugunda has said the government of Uganda is positioning herself to exploit fully the opportunities that are accruing from the growing demand for outsourcing in Africa. The minister made the remarks at a function held in Kampala on …

By Julius Businge The Uganda Communications Commission (UCC), the regulator of the communications industry in Uganda has today (May 14) issued an official statement in relation to the ongoing coverage of events surrounding the Coordinator of National Intelligence Agencies, David Sejusa (also known as Tinyefunza). The Commission said in the …

By Julius Businge & Agencies Reports from foreign media say Brazil’s Roberto Azevêdo has emerged as the new director-general of the World Trade Organisation after seeing off Herminio Blanco of Mexico, the favoured candidate of the US and EU, according to officials familiar with the contest. Both Latin American rivals …

By Julius Businge Umeme’s share price has appreciated from Shs 314 a few weeks ago to Shs 345 today (May 6), according to official trading figures released by the Uganda Securities Exchange (USE) on May 6. The figures show that the power distributor company that listed on the USE in …

By Julius Businge The World Bank in partnership with the Economic Policy Research Centre (EPRC) will on May 3 give an update on the world’s progress towards achieving the Millennium Development Goals (MDGs). The event will be held at Makerere University. The report, titled Global Monitoring Report (GMR) is jointly …

By Julius Businge A new IFC and World Bank report shows that in 2011/12 all five economies of the East African Community (EAC)—Burundi, Kenya, Rwanda, Tanzania, and Uganda—implemented at least one institutional or business regulatory reform improving the business climate for local entrepreneurs. Released on May 2, Doing Business in …

By Julius Businge Dfcu bank has suspended its trading for four weeks on the Uganda Securities Exchange (USE) to pave way for Commonwealth Development Corporation (CDC) to sell part of its shares in the bank, an official note released on April 22 in a local daily news paper reads. CDC …