Although it is difficult to establish how much money those vying for political positions in the country spend on electioneering, the economy usually takes a beating from extravagant election expenditure.Excessive expenditure experienced during election…
Finance Minister Matia Kasaija has said if funds are available, government will extend the rail line to South Sudan.Speaking during the handover of office to the new Uganda Railways Corporation managing director Mr Kasaija said being the cheapest means…
Uganda is grappling with rampant smuggling of motorcycles from the Democratic Republic of Congo; the motorcycles are brought in through illegal routes on Lake Albert.The illegal trade sees several motorcycles enter Uganda through the districts that bor…
Buikwe Resident District Commissioner (RDC), Jane Francis Kagayi has urged Buikwe residents to embrace industrialization to boost development in the district.Ms Kagayi maded the reamrks at Famous 2009 Limited, a stone quarry in Kikubabuleega village Ng…
Uganda earned $25.64m (Shs96b) from electricity exports in the year ended August, according to details from Bank of Uganda.However, the earnings fell by 95 per cent compared to what the country earned in the same period ended August 2019.Data from Bank…
KAMPALA, UGANDA – The women grappled with each other inside the vehicle. The driver jerked to ease the grip around her neck, then turned to elbow her attacker in the back seat. She flung the door open to make her escape, ending the simulated attack. “This one is too strong for me,” the attacker said, […]
The Covid-19 disruption on the economy is pushing 3.1 million Ugandans into poverty, the United Nations has warned in a report on socio-economic impact of the pandemic in Uganda.The “Socio-economic impact of Covid-19 in Uganda” which was released yeste…
The value and price of residential and rental properties in the Greater Kampala Metropolitan Area fell in the period ended September, according to Uganda Bureau of Statistics (Ubos).The fall, Ubos said, was occasioned by slowed activity in the general …
Bank of Uganda has said Covid-19 related borrowing has pushed up public debt by 20.5 per cent between June 2019 and June 2020.The details are contained in the Bank of Uganda state of the economy report for September in which the Central Bank indicated …
Last Thursday, several youth carried concrete pillars while elderly men dug holes at the boundary between Kapelebyong and Amuria districts to restore a river that has been severely degraded.Women offloaded bamboo shoots from a pickup truck parked by th…
Export earnings have rebounded after three months of recording a decline. Earning, mainly from coffee, fish, flowers and cement, some of which had experienced some volatility, recovered during the period ended June to fetch Uganda growth of at least Shs172b. According to data from Bank of Uganda, Uganda exported goods worth $337m (Shs1.2 trillion) up […]
Commercial banks in Uganda are expected to profit off the $100m syndicated loan advanced towards MTN Uganda to pay for its 12 year licence. In notes published along its financial results for the half year ended June, MTN revealed an increase in its net debt from Shs110b (R423m) in December 2019 to Shs367b (R1.6b) due […]
STATE HOUSE, ENTEBBE: President Yoweri Kaguta Museveni has cautioned the Parliamentary committee on Finance, Planning and Economic Development to first weigh and analyze the advantages and disadvantages of the NSSF Amendment Bill 2019 to the Fund, Government and the members (savers) before they make a decision. The President yesterday met the Finance Committee of Parliament […]