How the central bank’s handling of the problems of Crane Bank showed lack of imagination and strategy THE LAST WORD |Andrew M. Mwenda| I have always had high respect for Bank of Uganda (BOU) because of its management competences. Since the collapse of Uganda Commercial Bank in 1999, BOU has …
Read More »AGOA at risk in East African war over used clothes
USED CLOTHES: What panic in Kenya and Rwanda’s firm stand mean for Uganda? Kampala, Uganda | ISAAC KHISA | Among optimists, the proposal by East African Community (EAC) member states to ban the importation of used clothes by 2019 is great because it could spark the growth of …
Read More »BUDGET: Will gamble on new betting tax fail?
Why government imposed 15% tax on betting winners but cut that of betting houses Kampala, Uganda |Julius Businge| There is continued debate surrounding the recent move by government to impose 15% withholding tax on winnings from gambling and the reduction in income tax on betting houses by 15% to …
Read More »Why Bank of Uganda has cut CBR to 10%
Says revamping the economy will depend on government spending Kampala, Uganda | Julius Businge | The Central Bank has once again lowered its indicative lending rate, the Central Bank Rate, in a bid to push commercial bank rates down and spur private sector borrowing in the next three months. …
Read More »The politics behind the budget
BUDGET ANALYSIS: Why UDB got Shs50bn, Museveni donations Shs70bn and more Kampala, Uganda | JULIUS BUSINGE | Matia Kasaija, Uganda’s Finance minister, is a jocular person for whom talking tough is always light hearted. It was no different on June 12 when he attended a post-budget reading breakfast meeting organised by …
Read More »Top CEOs call for Ugandan agricultural revolution
Three top Chief Executive Officers from three different sectors have called on government and the private sector to think big about transforming Uganda’s current peasantry and subsistence agriculture, to a new commercial level Jimmy Mugerwa, the General Manager at Tullow Oil Uganda, William Sekabembe, the Executive Director at dfcu …
Read More »ANALYSIS: The real challenge is how to implement the Shs 29 trillion budget
Debate about effective budget implementation has continued since June 08 when Finance Minister Matia Kasaija read the budget speech at Kampala Serena Conference Centre. Kasaija, who presented his budget for the third time, hinted on corruption and laziness amongst civil servants as one of the main obstacles that would interfere with …
Read More »INDEPENDENT: How budget allows Museveni manage power
COVER STORY Behind the 2017/18 budget: How money is an important a political resource that allows Museveni to manage power. ANALYSIS Politics behind the budget: Why UDB got Shs50bn, Museveni donations Shs70bn and more. HEALTH Mercury: Slow killer in Uganda’s gold mines: Inside one of the dozens of gold …
Read More »Uganda accountants body commits to support new budget implementation
The Institute of Certified Public Accountants of Uganda (ICPAU) has committed to make any contribution that is necessary to ensuring effective implementation of the coming budget for the FY2017/2018. Derik Nkajja, the chief executive officer of the ICPAU said accountants are partners in the budget making process and cannot run …
Read More »KASAIJA: Uganda’s budget 2017-18 links agriculture to industry
Kasaija asks for greater involvement by all Ugandans in implementing new budget Finance Minister, Matia Kasaija has urged all Ugandans to roll up their sleeves and make a contribution towards the smooth implementation of the Shs 29 trillion budget for financial year 2017/18. He said in future, the Ministry …
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