debt
-
Western
URA to collect over Shs 30bln tax revenue in Mbarara
MBARARA – Uganda Revenue Authority [URA] expects to collect Shs 30.6 billion from Mbarara region to contribute to the overall target of Shs 29.7 trillion targeted in the current financial year 2023/24.…
Read More » -
National
Prioritise domestic revenue mobilisation to curb external borrowing, ICPAU boss urges gov’t
ENTEBBE – The government has been tasked to boost domestic revenue mobisilisation as one way of curbing external borrowing which has hindered the faster development of the country. While speaking at the…
Read More » -
Finance & Banking
IMF extends over Shs 400bln loan to Uganda
KAMPALA – The Executive Board of the International Monetary Fund [ IMF ] has concluded the fourth review of Uganda’s Extended Credit Facility [ECF], enabling the country to get an additional loan…
Read More » -
Africa
Africa set to be the second fastest growing region after Asia- new report
CAIRO – Africa is set to be the second fastest growing region in the world after Asia in 2023-24, demonstrating the resilience of its economy despite dealing with multiple global shocks, the…
Read More » -
Africa
AfDB approves US$ 147mln in subordinated debt to Mauritius Commercial Bank
ABIDJANI-The African Development Bank [AfDB] has approved US $147 million in subordinated debt to the Mauritius Commercial Bank Ltd [MCB] to enhance its capital base and mobilise loan growth in the renewables,…
Read More » -
Africa
African economies remain upbeat despite multiple shocks, says AfDB official
KAMPALA-African economies remain resilient despite experiencing multiple shocks, with 53 out of 54 African countries seen maintaining positive growth and a stable outlook for the 2023/24 period, the African Development Bank has…
Read More » -
News
Human trafficking worries Rwenzori religious leaders
KABAROLE –Religious leaders in Rwenzori Sub-region have expressed concern over the increasing cases of human trafficking in the region and the country at large. The clerics are asking the government to establish…
Read More » -
News
Road construction: Contractors’ debt rises to over Shs 580bln
KAMPALA-Road works across the country are being constrained by a Shs 585 billion debt to contractors, according to the Minister of Works and Transport, Gen. Edward Katumba Wamala. Gen. Katumba was responding…
Read More » -
East Africa
Kenya to have court for cooperatives
NAIROBI-Disputes in Kenya’s co-operative sector will now be handled by the Co-operative Court which will stand on its own aside from the existing Co-operative Tribunal, if the draft bill will be enacted…
Read More » -
Development
Tayebwa makes case for diaspora bonds
CALIFORNIA-Ugandans living in the diaspora could soon begin trading in government treasury bonds. This is after Deputy Speaker, Thomas Tayebwa pledged to lead efforts to establish diaspora bonds. Tayebwa made the pledge…
Read More »