The downturn in the Ugandan private sector as a result of coronavirus disease (COVID-19) continued in May, with further reductions in output, new orders and employment registered. One the other…
President Yoweri Museveni has said that UGX1 trillion of the UGX1.9 trillion loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to…
1. What does Credit Relief mean? It is a re-organisation of a debt obligation through concessions or accommodations that provide borrowers with some form of relief in how and/or when…
62.3 percent of Ugandan business are considering or have already started cutting jobs as a result of Covid-19, a trend that could render up to 100,000 Ugandans jobless in the…
Government of Uganda is to borrow up to USD1.51 billion (UGX5.7 trillion) from various multilateral lenders, once Parliament approves the motions tabled before it. According to a parliament brief to…
Dear Esteemed Member, The global outbreak of COVID-19 has disrupted all economies around the world. The rapid spread of the virus has posed massive health, economic and social challenges to…
Away from the loss of thousands of lives and the devastating impact on healthcare systems all over the world, the other victim of Covid-19 has been the global economy. The…
As major airlines stay grounded due to the Coronavirus pandemic, DHL Global Forwarding has launched a dedicated 100-tonne weekly air freight service for organizations and governments shipping goods from China…
President Yoweri Kaguta Museveni has reportedly donated half his salary to government efforts to fight the Covid-19 disease. According to @GovUganda, the Official Twitter Account for Government of Uganda, the…
Kansai Plascon Uganda Limited, Uganda’s largest paint company has donated 19,360 kilograms of soap valued at UGX50,000,000 to the government of Uganda’s anti-Covid-19 taskforce. Company officials; Mr. Santosh Gumte and…
