Financial
-
BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
Read More » -
Agago coops to benefit from white sorghum pilot project
AGAGO– Five cooperative societies in Agago district are to be supported to grow white sorghum as the second season sets in. This is after Uganda Breweries Limited said it would buy the…
Read More » -
South Sudanese refugees establish own Sacco
LAMWO– After failing to access loans from commercial banks and other financial institutions, South Sudanese refugees in Lamwo Refugee Settlement have decided to form their own Paluda Farmers’ Sacco to serve them…
Read More » -
Kabarole district approves Shs 27.7bln budget for next financial year
KABAROLE – Kabarole district council has approved a budget of Shs 27.7 billion for the financial year 2022/23, with education taking the biggest share of Shs 8.5bln. The education sector is closely…
Read More » -
Amuru district approves Shs 28bln budget for financial 2022/23
AMURU– Amuru district council on Tuesday approved Shs 28 billion budget for the financial year 2022/23, an increase from Shs 24bln earmarked in the current financial year 2021/22. The district’s next financial…
Read More » -
Global coffee exports decline in April 2022
KAMPALA– Global exports of green beans in April 2022 totalled 9.86 million bags, compared with 10.16mln bags in the same month of the previous year, according to International Coffee Organization [ICO]. ICO…
Read More » -
Mbarara City 2022/23 budget increases by 20 percent
MBARARA – Mbarara City Mayor Robert Mugabe Kakyebezi has presented Shs 40.2 billion budget for the financial year 2022/23, saying it has grown by 20 percent. According to Kakyebezi, Mbarara city’s resource…
Read More » -
High Court saves Gulu University Dean of Students
GULU– The High Court in Gulu has overturned the ruling that punished Gulu University Dean of students for allegedly stealing Shs 3.5 million from a business partner. Christopher Mwetwale Mpora was found…
Read More » -
Uganda, DR Congo hold business summit to boost business
KAMPALA- In an initiative to open up the business relationship between Uganda and DR Congo, the business community in the two neighboring countries have organised a series of business summits to strengthen…
Read More » -
Stakeholders hold meeting on TVET financing framework
KAMPALA– The Ministry of Education and Sports through the Technical, Vocational Education and Training [TVET ] Secretariat recently held a consultative meeting of key stakeholders to gather ideas on the development of…
Read More »