In a bid to promote the concept of Buy Uganda Build Uganda (BUBU), the Electricity Regulatory Authority (ERA) on Thursday launched a forum for local suppliers, with an aim of spurring an increase in the consumption of local products and services within the electricity sector, so as to achieve social, economic transformation. The Local Suppliers’…
There are unscrupulous individuals at the Buganda Land Board (BLB) who have resorted to blackmail and mudslinging after the Court of Appeal stopped the cancellation of tycoon Hamis Kiggundu’s titles for land he bought in Kigo, off Entebbe Road. It should noted that the Uganda Land Commission in September this year cancelled Ham’s titles for…
BoU earns most of its income from investing the bulk of Uganda’s foreign exchange reserves in the said bonds, a practice referred to as investment in fixed income assets. Central banks, experts say, use sale of bonds as a tool to increase bank reserves and lower interest rates. When they buy bonds, money flows from…
Dr. Sudhir Ruparelia is a Ugandan property mogul who has built one of the most successful business empires in the country. Dr. Sudhir’s love for Uganda is not by any means opportunistic like many investors who run to Uganda because of attached benefits. Having been born from Uganda, to an Indian emigrant, Sudhir grew up…
Bank of Uganda (BoU) is seeking to hire an independent audit firm that will carry out a comprehensive audit on the current state of affairs of the now-defunct Crane Bank, six years after the same commercial bank was closed. According to an advert published in one of the local newspapers, BoU said it is now…
From the Atlas Mountains to the desert safaris, traveling and exploring Africa is a unique experience. Charming, friendly, original, and energetic, visiting other African nations and cultures is perfect for those seeking a unique experience and a different outlook of the world. However, the hassle to obtain a visa to your dream country often poses…
Uganda is among the first African countries to launch a vehicle assembly company in the whole of the continent. They have been manufacturing electric vehicles which most of them are powered by solar panels. The 35 seat bus was intended for urban areas rather than inter city use because of the restrictions on how far…
By Ben Ssebuguzi Kampala: Developing countries rely on international borrowing to finance special projects, infrastructure and to compensate for the needed revenue. Due to natural disasters like heavy rains, mud slides have adversely affected aids to trade like roads, where even the paved ones have either developed potholes or narrowed hence causing accidents. Even the…
Parliament’s Committee on National Economy has asked Finance State Minister, Hon. Henry Musasizi for details on the actual intended disbursements of the loan before they can give their nod of approval. Shadow Finance Minister, Hon. Muhammad Kivumbi objected asking for details of the disbursement, a request he said is informed by fears that the money…
The Finance State Minister, Henry Musasizi has asked Members of Parliament to approve up to Shs3.5 trillion to finance the Shs48.1 trillion budget. The first loan request which is up to US$464 million translating to about Shs1.7 trillion, is to be sourced from the Standard Chartered Bank. In documents which now stand referred to Parliament’s…
