Tag Archives: Uganda

Karen Melik Simonyan is the President of Russian African Foundation for Science, Culture and Economic Development (RAFSCED), an initiative aimed at furnishing both the African and Russian Business communities about the business opportunities that do exist in both countries, as well as other African countries.  He spoke to Nicole Namubiru …

Better business climate Uganda’s ranking in the 2017 World Bank’s Ease of Doing Business has improved by seven places, a development that shows that ongoing business environment reforms being implemented by the government are starting to bear fruit. Uganda now ranks 115th out of the 190 assessed economies, which is …

The major commercial banks in the country have released statements, lowering their prime lending rates, the lowest lending rates for the best customers to between 21% and 23% per annum. This is in response to Bank of Uganda’s recent decision to lower the Central Bank Rate last month from 14% …

Global taxi service operator struggles over unmet expectations Uber drivers, or partners as the company likes to call them, in Kampala held a meeting with Uber managers on Oct. 18 to address teething challenges the global transporter is facing since it launched in June. Top of the list during the …

VIDEO: Governance experts have cautioned the newly appointed permanent secretaries to beware of cartels of thieves with well-established networks that will be out to block any possible reforms they intend to undertake. ACCORD executive director Dr. Arthur Bainomugisha says the dropping of long serving permanent secretaries offers a chance for a …

Uganda, Russia reach understanding to harness huge Uranium deposits to produce thousands of mega watts from nuclear energy It’s now official; Uganda’s plan to develop nuclear as a source of electricity is on course. On Oct. 13, a Russian government delegation was in Uganda to meet President Yoweri Museveni.  The …

With the Crane Bank being placed under Central Bank management and several other commercial banks being asked to recapitalise, the banking sector in Uganda seems to be under a lot of stress lately. What seems to have brought down Crane Bank does not seem to be a Crane Bank problem …

Threat to cut funding leads to fight among energy bosses Sparks are flying between President Yoweri Museveni and his Chinese lenders, Exim Bank, on one hand and between Ministry of Energy officials and of the Uganda Electricity Generation Company Ltd (UEGCL) on the other. Trouble is over the piling up …

THE LAST WORD: By Andrew M. Mwenda Lesson for Central Bank from the experience of the takeover of Crane Bank This week, the government injected Shs 200 billion into Crane Bank to bolster its liquidity position. This is only 40% of the Shs 500 billion needed to bring the bank …

Minister of Trade, Industry and Cooperatives Amelia Kyambadde has set up an inter-ministerial committee to address challenges the horticulture industry in Uganda is currently facing. Kyambadde said the committee would help iron out all the grey areas to the ease of the flower business in Uganda. The minister disclosed this …