COVID Pandemic Dampens Africa’s Economic Growth

Three years ago, nearly every country in Africa agreed to be part of a continental free trade area intended to lower tariffs and boost economies. But the agreement has yet to be fully implemented because of restrictions stemming from the COVID-19 pand…

Uganda: Those Announcing My Death Will Be Arrested, Says Museveni

President Museveni has directed security forces “to locate very quickly” and arrest sources of fake news regarding his presumed death.”Apparently, social media has been saying that Museveni is dead. They (Security service) should locate very quickly- t…

Ugandan Traders Strive to Stay Afloat Amid New Covid Lockdown

Kampala — Uganda’s reinstatement of a coronavirus lockdown through the end of July is squeezing the ability of many people to earn a living. Street market traders are forced to bicycle, walk long distances or just sleep in the market.With coronavirus i…

Uganda: Can the 11th Parliament Help Revive Uganda’s Economy?

Challenges affecting businesses and the economy today include but not limited to; weak policy implementation, dampened levels of demand in the economy, high cost of credit and unprogressive tax policies.This is in addition to high cost of energy, poor …

Uganda: How Taxes Changes Will Affect Small Businesses

Parliament recently passed the 2021 Tax Amendment Bills which introduced a number of changes that will impact on both businesses and individuals. The tax changes are geared towards increasing tax revenue, as the government grapples with sourcing adequa…

Uganda: Wrangles Stall Govt Plan to Take Over City Markets

A plan by government to take over all public markets in the capital, Kampala, has stalled following leadership wrangles and compensation-related issues.Daily Monitor has established that whereas the take over has been smooth in some of the public marke…

Uganda: New App to Inspire Ugandan Youths, Boost Tourism

A Ugandan businessman has unveiled a video-sharing social networking Application intended to inspire youth and market the east African nation to the outside world with a view of boosting the tourism industry.Dubbed HAMZ, the App is for making a variety…

Uganda: Oil Pipeline Will Unlock Investments, Says Oil Expert

Uganda’s journey to commercial oil production has started with the three landmark agreements signed by Ugandan and Tanzanian governments as well as Total, a French oil company and China National Offshore Oil Corporation on April 11. These pave way for …

Uganda: Gold Exporters to Pay $200 in Taxes for Every Kilogramme

Gold exporters will be required to pay $200 or Shs740,000 for each exported kilogramme of the precious metal, according to the Mining (Amendment) Bill 2021.The Bill, which has already been passed by Cabinet, is still before Parliament awaiting delibera…

Uganda: Economic Recovery to Remain Subdued, Bou Maintains Cbr

Bank of Uganda has said the economy will remain subdued even as there has been gradual recovery in the first quarter of 2021.Speaking during the release of the April Monetary Policy report in Kampala yesterday, Bank of Uganda said the Central Bank Rate…

Uganda: Tea Farmers Ask Govt for Regulatory Authority

Tea farmers and leaders in Kigezi are advocating the establishment of a tea regulatory authority to ensure quality production and better prices, especially in the international market.The chairperson of south-western Uganda tea farmers and tea nursery …

Uganda: Coffee Exports Defy Covid-19 Disruptions to Post Growth

Coffee exports have defied Covid-19 market disruptions for a straight second month recording growth in value and volume.According to data from Uganda Coffee Development Authority, coffee exports between March 2020 and February 2021 grossed at 5.56 mill…