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Business & Finance

Sugar manufacturers want tough laws for competitors in unrecommended areas

Sugar manufacturers want tough laws for competitors in unrecommended areas

Sugar companies under the their umbrella group the Uganda Sugar Manufacturers Association (USMA) have petitioned Parliament put stringent measures on the sugar bill with a tough clause barring sugar factories away from unrecomended areas. The sugar companies members were appearing before the Parliamentary Committee on Trade, Tourism and Industry chaired by the MP for Fort […]

URA says revenue targets for financial year 2017/18 challenging

URA says revenue targets for financial year 2017/18 challenging

The Uganda Revenue Authority (URA) has described this financial years revenue collection target is stretching and ambitious. In the 2017-2018 budgets the URA is expected to collect 15 trillion on assumptions over 6% GDP growth, stable inflation rate, increasing private sector credit growth above the current 4.4% and others. Speaking to media today, Doris Akol, […]

Standard Chartered Bank re-launches its services

Standard Chartered Bank re-launches its services

Standard Chartered Bank has  re-launched some of its services to enable its clients access financial solutions with ease. Some of the services re-launched include visa infinite debit card usage and advising the customers on their wealth and property management. The Head of Retail Banking, Israel Arinaitwe, says that  the visa infinite debit card offers complementary access to over […]

Parkyard traders petition Parliament over M7’s 2 billion pledge

Parkyard traders petition Parliament over M7’s 2 billion pledge

PARKYARD traders under their umbrella association, New Agenda Traders Development Association Parkyard have petitioned Parliament seeking assistance to help them acquire the two billion shillings that was promised to them by President Museveni when their market caught fire. The traders led by their Chairperson, Kassim Sebadduka and Secretary General Muhammed Musisi while presenting their petition […]

BCU the Only Surviving Cooperative Society in Uganda

BCU the Only Surviving Cooperative Society in Uganda

By Eric Mukhwana Bugisu Cooperative Union (BCU) is Uganda’s only surviving cooperative society. It’s an establishment that has existed during and after colonial times. Arabica coffee was introduced in Bugisu in 1912 and it has remained the central economic activity of the Bagisu – yesterday, today and tomorrow. The thought to form a cooperative union […]

Kadaga wants government to speed up the landlord and tenants regulatory bill

Kadaga wants government to speed up the landlord and tenants regulatory bill

Speaker of Parliament, Rebecca Kadaga, has tasked government to explaining the continuous delay in tabling a proposed bill that seeks to regulate landlords and tenants in the country. The move follows a petition from Kampala City Traders Association (KACITA) demanding that Parliament enacts a law to regulate landlords and tenants to save the frequent confrontations […]

SACCO members want government to scrap taxes on their savings

SACCO members want government to scrap taxes on their savings

Proprietors of SACCOs across the country have urged government to scrap taxes against them to enable their members prosper at a higher rate through their various activities that they set up. The board chairperson on one of the SACCOs under the names of Shuuku SACCO ltd, Stephen Bongonzya, while appearing before Parliament’s committee on finance […]

Drastic drought affecting food production in the country, Bank of Uganda

Drastic drought affecting food production in the country, Bank of Uganda

Bank of Uganda has reported drastic raise in annual crop inflation in the last three months. This comes at the time when many parts of the country is experiencing drought which is likely to last until the end of this year, according to weather experts. While releasing the monitory policy statement for October  2016, the […]

Micro-finance minister in campaign to rid SACCOS of cheats

Micro-finance minister in campaign to rid SACCOS of cheats

The State Minister for Micro Finance, Haruna Kasolo Kyeyune has launched an operation in Kampala and Wakiso districts to search for all those managers who keep on disappearing with the savings of the members of Savings and Credit Cooperative Societies (SACCOS) groups. While meeting members of Nakasero eyeterekera cyclists and vendors SACCO at Nakasero market […]

Africa’s economic growth to fall 1.6% in 2016 – World Bank

Africa’s economic growth to fall 1.6% in 2016 – World Bank

In their October 2016 report: Africa’s pulse, An analysis of issues shaping Africa’s economic future, the World Bank Group notes that after slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is projected to fall to 1.6 percent in 2016. That is half of what it was last year and the lowest level […]

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