This follows an outcry and anger from the citizens who, rather than make mobile money transactions as was before the taxes, prefer to use public means such as motorcycles, taxis to transfer money as they found it cheaper to travel than incur the extra costs that come with the tax. For social media, users have […]
Financial Institutions have been encouraged to develop innovative ways of delivering financial services to more Ugandans. The call has been made by the deputy Governor Bank of Uganda Louis Kasekende while launching the Finscope 2018 Financial inclusion Survey at Kampala Serena Hotel. The survey showed that 22% of the country’s adult population is still financially excluded with […]
Telecommunication Company MTN Uganda has today signed a deal with pay TV giants StarTimes Uganda that will ensure that the firm offer special MTN TV bundles for viewers to watch TV content for as low as 2,000 Uganda shillings for two hours per day using the StarTimes app. According to MTN Uganda Chief Marketing Officer […]
Member countries of the East African Community are preparing to simultaneously table the 2018-2019 Budgets in their respective parliaments. In Uganda, finance minister Matia Kasaija will present a 30.9 trillion Uganda shilling (USD$8 billion) budget. Sarah Logan an Economist, at the International Growth Centre examines the economic context of Uganda’s annual budget and the associated challenges. What is the […]
Uganda is seeking a budget of $ 388 million by September 2018 to restart Uganda Airlines in cessation of activities since 2001. The national company will therefore resume its activities in the fourth quarter following approval by the Cabinet of a master plan indicating the modalities of resumption of flights from the hub of Entebbe to East Africa and […]
Parliament has finally passed the budget for the financial year 2018/19 worth 32.5 Trillion shillings. The passed budget includes the recurrent Expenditure of 9.4 trillion shillings, Development Expenditure of 13 trillion shilling s and statutory expenditure of 10 trillion shillings. Parliament also passed the Appropriation Bill, 2018, authorizing the public expenditure from the consolidated fund worth […]
Uganda is most likely to miss its target of becoming an upper middle income country by 2040, a study to determine the impact of age structure on development has found. The study by the Population Reference Bureau (PRB) predicts that the average GDP of $9,500 target is unrealistic, as Uganda’s population will remain young and […]
Fall Armyworm Tech Prize received the highest number of entries from Uganda according to the announcement made by Nesta on behalf of Feed the Future. A total of 228 applications were received, mostly from Africa. The global Fall Armyworm Tech Prize aims at finding digital solutions to identify, track and protect crops from the pest, which has devastated agricultural produce across the […]
The Speaker of Parliament Rebecca Kadaga has directed government to stop using funds meant for the Women Enterprise Fund to train local government officials about the project. Kadaga made the directive at a workshop that was updating members of parliament on the implementation of the Uganda Women Entrepreneurship programme at parliament. She said that the local […]
Dry tests at the Teso Fruit Factory in Soroti indicate it will finally be ready for launch before the end of this year. Trade Minister Amelia Kyambadde, members of the Board of Uganda Development Corporation (UDC), Leaders of Teso Region, farmers and other stakeholders toured the factory on Wednesday 16th May 2018 and were shown the […]