Marijuana is a lucrative business – or at least, it could be if allowed to flourish within a favorable legal climate. If legalized at all levels, cannabis has the potential to generate billions in revenue, provide millions of jobs, and save billions of dollars on law enforcement something that could see Uganda’s economy transforming within…
Uganda’s post coronavirus economic failings are going to come from the IMF/world bank supervised theoretical economist at bank of Uganda. You borrow $ 491.5 million, then $151m will go to budget support and UDB . A whole $340m just for bank of Uganda to stabilize the exchange rate! Textbook economics based on purely western perceptions…
The Government of Uganda have fired all the staff of Rural Electrification Agency (REA), The Capital Times have learnt. This follows a notification from the Ministry of Energy that their contracts which end in October will not be renewed. Energy minister Ruth Nankabirwa says the cabinet has already approved the structure of REA, as a…
Since being appointed the Bank of Uganda (BoU) Deputy Governor and has been acting as Governor, Michael Atingi-Ego has now raised the indicative Central Bank Rate (CBR), twice to the current 8.5 per cent, encouraging commercial banks to also raise interest rates for borrowers. Ugandan borrowers are not happy that BoU continues to raise the…
President Museveni’s failure to appoint a new Governor for the Bank of Uganda has left the institution exposed. Deputy Governor Michael Atingi-Ego has reportedly failed to stamp his authority on the institution which has been running under the leadership of the late Prof. Emmanuel Tumusiime Mutebile, an economist with a no-holds-barrel approach to handling the…
The government has through the Ministry of Health earmarked Shillings 300million for the installation of a brand new digital X-ray machine at Buliisa general hospital. The digital X-ray machine has been lying idle for two years since it was procured by the Health Ministry owing to the district’s failure to secure money for its complete…
The World Health Organisation-WHO has applauded Uganda for maintaining the numbers in the routine vaccination exercise despite the COVID-19 pandemic, which affected vaccination in many countries. This follows the findings of a new report that shows that while 25 million children globally missed out on Diphtheria, Tetanus, and Pertussis (DPT) shots due to COVID-19 lockdowns, in…
The government has started a process to ensure that Ugandans employed in the Middle East get similar terms of employment as their counterparts from other countries. This is after it was revealed that the earnings and workload for Ugandans especially those working as house maids are determined by clauses in the Memorandum of Understanding between…
More than 1,000 students of Mandela Secondary School in Hoima city have been sent home following a violent strike. The students staged a violent strike at 2am protesting poor feeding and administration. According to some of the students who spoke to URN on condition of anonymity, they were being fed on poor quality beans and…
The Deputy Speaker of Parliament, Thomas Tayebwa has cautioned Accounting Officers of government Ministries, Departments and Agencies (MDAs) against acts of securing higher budgets than what the Finance Ministry allocates for projects by promising to give out kickbacks to legislators sitting on relevant committees. Tayebwa made remarks on Friday July, 8, 2022 at Hotel Africana…
