Tag Archives: Uganda

IMF loan approved will be disbursed in three financial years Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund (IMF) has revealed that expenditure of the USD 1 billion (3.5 trillion Shillings) loan that Uganda is receiving will be tracked on a quarterly basis. The loan approved on Monday will …

Uganda has remained consistent in curbing spread of the virus and through various interventions has kept the death toll very low. Kampala, Uganda | Patricia Akankwatsa | New rankings by World Statistics website Worldometer have placed Uganda among the top countries that are managing the COVID-19 pandemic better globally. The country which is …

The internal party deficiencies and external, legal,constitutional framework they should address to be effective COMMENT | DEUS MUKALAZI MUBIRU | In Uganda, multi-party democracy was opened up after over two decades of ban.  This move towards pluralism was a first step towards a competitive party system in Uganda. Today, a …

Kenya charges 16% VAT while the rest impose 18% on products produced within their countries | THE INDEPENDENT | Uganda’s finance ministry and Uganda Revenue Authority executives have agreed that there is need to centralize collection of revenues within the East African Community. This, they say, will play an important …

  Kampala, Uganda | THE INDEPENDENT | Before the COVID-19 virus arrived in Uganda early last year, the tourism sector was registering a steady rise in foreign exchange from tourists. According to the Annual Tourism Sector Performance Report for Financial Year 2018/2019, revenue rose from $1.45 billion in 2017 to …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health has revised the Covid-19 testing period for travelers to and out of Uganda. According to the ministry, effective July 3, the travellers arriving or departing from Uganda will have to present a negative PCR COVID-19 test certificate issued within 72 hours …

Public debt increased by 35% to Shs65trillon as at December 2020 Kampala, Uganda | ISAAC KHISA | Government should prioritise financing human capital development programs amidst projected revenue shortfalls due to COVID-19 lockdown, experts say. Experts also say, amidst these tough times, the government should also keenly scrutinize loan proposals …

Lamwo, Uganda | THE INDEPENDENT | South Sudanese authorities are holding forty-two Ugandan nationals for allegedly cultivating illegally inside their territory. The suspects, majorly residents of Ngomoromo village in Lokung sub county, Lamwo district are being held at Pugee Military detachment in Ayachi county in the Eastern Equatorial State of South …

Kampala, Uganda | THE INDEPENDENT & URN |  COVIDEX, a local herbal medicine, has finally been approved by Uganda’s National Drug Authority (NDA) as a supporting treatment for viral infections including Covid-19. The development comes a week after attempts were made to halt the distribution of the medicine that Ugandans were …

Washington, US | THE INDEPENDENT | The Executive Board of the International Monetary Fund (IMF) has approved a 36-month arrangement under the Extended Credit Facility (ECF) for Uganda in an amount equivalent to US$1 billion to support the post-COVID-19 recovery and the authorities’ plan to increase households’ incomes and inclusive growth by …