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Uganda’s Annual Coffee Export Volumes Increase by 22%

Uganda’s coffee export volumes increased by 22% in 2020 compared to the previous year. The growth has been revealed in the Uganda Coffee Development Authority (UCDA) monthly report of December 2020. The figures for 2020 indicates that exports for calendar
February 1, 2021
by
BoU Deputy Governor, Dr. Michael Atingi-ego. Fred Muwema argues that there can’t be a functioning deputy Governor when there is no functioning Governor to deputize.

Parliament queries why Ministry of Finance has allocated UGX481 bn to BoU for recapitalization; money, that BoU says is not necessary

Bank of Uganda, Uganda’s central bank does not need recapitalization in the 2021/2022 financial, according to Deputy Governor Michael Atingi-Ego. He disclosed this while appearing before the Budget Committee of parliament on
January 27, 2021
The government has received a staggering amount of resources in form of both loans and budget line financing to tackle the pandemic. Courtesy photo

COVID Cash: MPs Demand an Audit

Members of the budget committee of Parliament have demanded for an audit into the funds received by government to handle the COVID-19 pandemic. The demand was put to the Finance Minister Matia
January 27, 2021
Finance Minister Matia Kasaija (R) flanked by Director Budget Kenneth Mugambe. Courtesy photo

Parliament Queries Continuous BoU Recapitalization

The Chairperson of Finance Committee of parliament Henry Musasizi is suspicious that the government could be siphoning funds meant for the recapitalization of Bank of Uganda (BoU). He disclosed his suspicions during
January 27, 2021
A notice with an MTN logo, notifying mobile money customers of the 'new' identification rewuirement. MTN has denied issuing it

ID Requirement to Withdraw Mobile Money Can’t Work-MTN

Mobile Telecommunication Network-MTN Uganda has dismissed as unfeasible, talks of plans to make the National ID an identification requirement for anyone intending to withdraw cash from a Mobile Money agent. The company
January 25, 2021
The banking industry says demand for credit was rising steadily since August after a slowdown in the months between April and June when the country was under a lockdown.

Elections Could Affect Recovery of Lending Businesses

Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector is still trying to recover
January 13, 2021
There are 39,188 confirmed COVID-19 cases, with 433 active cases and 318 deaths in Uganda. Courtesy photo

COVID-19 Rescue Packages Not working – SMES

The rescue package that was announced by governments around the world to help Small Scale Enterprises-SMEs to recover from the effects of the global COVID-19 pandemic is yet to have a tangible
January 13, 2021
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