Bank of Uganda has acknowledged a more positive Economic growth outlook in Uganda than it was forecasted in the February monetary policy committee meeting. While releasing April monetary police statement today, the governor bank of Uganda Prof. Tumusiime Mutebire said that Uganda’s economic growth is projected to grow by 6.5% in the next three years. He said […]
The Parliamentary Committee on Finance, Planning and Economic Development, has concluded a five-day visit to customs border stations in Northern and Eastern Uganda. The Committee chaired by Hon Henry Musasizi (Rubanda County East) visited the customs border stations of Busia, Malaba, Elegu, Afogi, Oraba, Lia, Vurra and Pakwach. The field visit, which ended on Sunday, […]
Zimbabwe must act quickly to dig its economy out of a hole and access international financial aid, the International Monetary Fund has warned. Government spending and foreign debt are too high and it needs structural reform, Zimbabwe mission chief Gene Leon said.The once-thriving economy is now seen as a regional basket case. “The economic situation […]
The Bank of Uganda officials led by the deputy governor bank of Uganda Louis Kasekende were grilled before the parliamentary committee on commissions, statutory Authorities and state enterprises over hiring external lawyers to battle court cases which are against central bank. The committee chaired by the MP for Bugweri county Abdul Katuntu had summoned the […]
Financial Sector Deepening Uganda (FSDU) has asked government to have a strategic approach of increasing mobile phones hand sets to the poor to facilitate the financial inclusion strategy that seeks to reduce financial exclusion from 15 to 5% by 2022. This call was made by Joseph Lutwama, the policy, legal and regulatory specialist at FSDU […]
The Ministry of Trade, Industry and Cooperatives and Financial Sector Deepening Uganda have signed a Memorandum of understanding to facilitate the growth of the Micro Small and Medium Enterprise (MSME). This Memorandum of Understanding aims to strengthen the Micro Small and Medium Enterprise (MSME) sector in Uganda by collaborating with the Ministry to increase capacity […]
MTN has revealed that it will switch off unregistered customers even before the government’s deadline of 30th August 2017. The announcement comes as the deadline for simcard registration extended by government in April this year clocks down to only 9 days. This was revealed by the MTN chief executive officer, Mr.Wim Vanhelleputte, while appearing before […]
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 […]
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 […]
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 […]