Financial
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Gulu City grappling with low tax revenue
GULU-Gulu City has so far managed to collect only Shs 2.8 billion in local revenue out of an estimated Shs 5.9bln planned in the current financial year. According to Godfrey Kiseka, the…
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Priotise domestic arrears in new financial year, CSBAG urges govt
KAMPALA – Civil Society Budget Advocacy Group [ CSBAB ] has urged government to address domestic arrears in the new financial year which begins on July 1, 2023. Patrick Rubangakene, CSBAG’s economist…
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Hoima district budget up by Shs 1.5bln
HOIMA-Hoima district local government leaders and officials are relieved after receiving budget support of about Shs1.5 billion from the central government. Hoima district council recently approved the money in a supplementary budget for…
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Amuru district tasked to popularise coffee growing
AMURU– Amuru district agricultural department and the district leaders have been tasked to popularise coffee farming to rally more farmers in the sub-sector which is one of the priority enterprises as government…
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BOU ramps up CBR again
KAMPALA– Bank of Uganda [ BOU ]raised the indicative Central Bank Rate [CBR] to 8.5 percent for July from 7.5 percent before, as inflation rose – for the second time in a…
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Masaka school temporarily closed over students’ strike
MASAKA– Police in Masaka have arrested 13 students of Kimanya Blessed Sacrament Secondary after they allegedly organised a violent strike that forced the school’s management team to temporarily close the school. The…
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Lango leaders caution govt on hurrying PDM processes
OYAM– A section Lango leaders have raised concern over the implementation of the Parish Development Model [PDM], saying the speed at which government is implementing some activities must be checked, especially if…
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Gender ministry warns Ugandans against unlicensed labour recruiting firms
SOROTI– The Ministry of Gender Labour and Social development [MGLSD] has cautioned the general public, especially the youth seeking employment abroad to beware of fraudulent unauthorised labour recruiting companies whose operations are…
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Reserves managers face up to tough investment environment
KAMPALA- Most central bank reserves managers are resigned to a period of higher inflation and lower returns, according to a report published today by the global think tank- Official Monetary and Financial…
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Crédit Agricole to stop financing gas and oil sector
PARIS– French co-operative bank, Crédit Agricole, has announced commitments to move away from oil and gas financing. ‘2025 Ambitions’ sets out a number of short, medium and long-term goals for France’s second…
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