Summary: Uganda is hailed as Africa’s top investment destination, attracting $1.5 billion in Foreign Direct Investment (FDI). The country’s strategic …
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Mobile Money, Saccos Dominate Formal Borrowing Among Ugandan Adults: Survey
Summary: A survey by Financial Sector Deepening Uganda shows that mobile money and Saccos are the top formal borrowing sources …
Read More »South Sudan Cargo Levy: Exporters, Importers to Foot the Bill, Not Clearing Agents
Summary: The Mombasa Monitoring Station-National Revenue Authority of South Sudan clarified that only exporters and importers, not clearing agents, must …
Read More »UWEC’s 1.163bn Shillings perimeter wall consultancy shocks MPs
Summary: Legislators express shock as Uganda Wildlife Conservation Education Centre (UWEC) spends 1.163 billion Shillings on perimeter wall consultancy. UWEC …
Read More »Ugandan Industry Groups Warn of Job Losses and Revenue Risks Over Alcoholic Control Bill 2023
Summary: The Uganda Manufacturers’ Association (UMA) and other industry groups warn that the Alcoholic Control Bill 2023 could jeopardize millions …
Read More »US Economist Jeffrey Sachs Backs More Borrowing for Uganda’s Dev’t
Summary: US economist Prof Jeffrey Sachs has advised Uganda to borrow more for development, emphasizing the need for long-term loans. …
Read More »Security Guard Shoots and Kills Colleague Over UGX2,000
Summary: Kampala Metropolitan Police is actively pursuing Warugo Issa, a security guard who shot and killed Andrew Tumwebaze over a …
Read More »NWSC Official detained Over Shs100m Theft and Financial Irregularities
Summary: A National Water and Sewerage Corporation official, Mr. Norman Ijuka, has been reprimanded for causing a Shs100m financial loss …
Read More »KCB Group Faces East Africa Credit Downgrade
Summary: KCB Group, a major player in East Africa’s banking sector, faces financial challenges with a credit downgrade to ‘B’ …
Read More »Uganda to Compensate DRC Billions in Court Ruling
Summary: The Ugandan government is set to disburse Shs247 billion to the Democratic Republic of Congo for court-awarded compensation while …
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