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Business & Economics

Ugandan Shilling weakens as preparations for monetary policy meeting

Ugandan Shilling weakens as preparations for monetary policy meeting

The shilling weakened marginally from opening levels of 3660/3670 to close the day at 3665/3675 as some corporate demand filtered through in an overall quiet day of trading. Money markets were still relatively tight today¬†with overnight at an average of 7.15%. Bank of Uganda will hold a sh245bn treasury bill auction on Wednesday. Meanwhile, the […]

We want fair COVID-19 test fees: Cargo transporters

We want fair COVID-19 test fees: Cargo transporters

Cross-border good transporters have called for fair COVID-19 test fees among East African Community (EAC) member states. Byron Kinene the chairman of the Regional Lorry Drivers and Transporters Association said each member state is charging COVID-19 test fees differently. He said this violates the very essence of regional integration and frustrates the movement of goods. […]

South Sudan to Change Time zone

South Sudan to Change Time zone

Starting next week, if you have any dealings or connections with people or businesses in South Sudan, take note they are changing their Time Zone and they will be one hour behind Uganda or many other East African countries. A time zone is a designated area of the globe that observes a uniform standard time […]

New National Industrial Policy approved by cabinet

Trade Minister Amelia Kyambadde Cabinet has approved a new national industrial policy 2020 that will guide industrial growth for the next 10 years through increased state developmental role, reduced cost of production, and increased quality of raw materials for value addition.¬† According to trade minister Amelia Kyambadde, the policy consolidates the achievements of the National […]

Education Sector review underway

Education Sector review underway

The Ministry of Education and Sports sector will today open this year’s review of its performance of the previous financial year 2019/20. The review workshop will end Thursday and will be held at Hotel Africana in Kampala with 120 participants attending physically on a representative basis and over 200 participants attending virtually on Zoom. The […]

Buhweju District Headquarters closed

Buhweju District Headquarters closed

The Buhweju district administration has closed its headquarters for seven days due to concerns of the increasing cases of COVID-19. The Chief Administrative Officer (CAO), Paul Walakira, in a letter dated December 01, 2020, to all the administration staff, said all the premises will remain closed for one week starting December 02. Walakira said the […]

First home rapid COVID-19 test approved: US

First home rapid COVID-19 test approved: US

The US issued an emergency use authorization for the first self-administered rapid coronavirus test on Tuesday, as other states of the country increase restrictions in attempt to hold the COVID-19 surge. The Food and Drug Administration approved a testing kit of people of 14 and older whom doctors suspect have COVID-19. The test which is […]

Dr. Nabukenya is Makerere’s new acting deputy VC finance

Dr. Nabukenya is Makerere’s new acting deputy VC finance

Dr. Josephine Nabukenya has been appointed acting Deputy Vice-Chancellor of Makerere University, in charge of Finance and Administration, for a period of one year; until a substantive Deputy is appointed. Nabukenya was appointed this week by the Chancellor Prof. Ezra Suruma; to deputise Prof. Barnabas Nawangwe. Prof. Suruma’s instructions are grounded in powers vested in […]

Labor export ban lifted :government

Labor export ban lifted :government

The Government has lifted restrictions on the exportation of labor giving relief to companies to start sending Ugandans to work in countries such as the United Arab Emirates, Saudi Arabia, Qatar, Jordan, Somalia, Kuwait, Bahrain, Afghanistan, and Iraq. Tumwebaze noted that the Ministry’s Permanent Secretary, Aggrey David Kibenge would issue a detailed statement on the […]

URA to refund billions in illegal taxes

URA to refund billions in illegal taxes

The Court of Appeal has ordered that Value Added Tax charged on imported goods at a rate of 15% by the Uganda Revenue Authority (URA) is illegal. VAT is a tax on the value added at each stage of the production and distribution process and on the importation of goods. Through Birungyi, Barata & Associates, […]

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