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Finance

Sh593b is needed for COVID-19 Vaccine: Government

Sh593b is needed for COVID-19 Vaccine: Government

The Ministry of Health has said it needs about sh593b ($162m) to procure sufficient COVID-19 vaccines for all eligible Ugandans. The health minister, Dr Jane Ruth Aceng, told Parliament that although they approved a $5m supplementary budget as upfront payment for an initial 18 million doses targeting frontline workers and vulnerable communities, more money will […]

Kenya lifts ban on Ugandan maize importations

Kenya lifts ban on Ugandan maize importations

Kenya has backtracked on a ban it imposed on import of maize from Uganda and Tanzania.  This is a relief to Ugandan farmers, traders and Government though the lifting of the ban has been accompanied with strict conditions. On March 5, the Kenyan government imposed a ban on imported maize, saying that they were seeking […]

We need curfew reviewed: Parliarment

We need curfew reviewed: Parliarment

Parliament has tasked Government to consider scrapping the 9:00pm-6:00am curfew hours aimed at curtailing movement of people as part of several measures to prevent the spread of Covid19. The lawmakers led by Gilbert Olanya (Kilak County) argue that curfew should either be eased or scrapped because it is hurting the economy. In March last year […]

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. […]

Global COVID-19 poverty cases exceed predicted

Global COVID-19 poverty cases exceed predicted

The COVID-19 pandemic could push as many as 124 million people around the world into extreme poverty, up from about 115 million earlier predicted, a new report indicates. While the World Bank in October 2020 predicted that the pandemic could push between 88 and 115 million people around the globe into extreme poverty, the latest […]

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 […]

Cyberattack confirmed:US

Cyberattack confirmed:US

The US government on Sunday confirmed that its computer networks had been hit by a cyberattack, as The Washington Post reported at least two departments including the Treasury had been targeted by Russian state hackers. “We have been working closely with our agency partners regarding recently discovered activity on government networks,” a spokesperson for the […]

UN raises $370 million for the emergency fund

UN raises $370 million for the emergency fund

More than 50 donors pledged money to the UN Central Emergency Response Fund (CERF), managed by the under-secretary-general for humanitarian affairs. The United Nations announced Tuesday it has raised more than $370 million for its emergency fund to help respond to crises in 2021. More than 50 donors pledged money to the UN Central Emergency […]

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 […]

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