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TodayWednesday, April 29, 2026

Impact of Covid on the Ugandan economy

NSSF Managing Director Patrick Byarugaba (left) and Deputy Managing Director Patrick Ayota address the media last year. The Fund's management has warned that due to Covid-19 related economic stress, last year's double digit interest rates may not be sustained.

COVID-19 hurts NSSF earnings; management warns, last year’s double-digit interest rates may not be sustained

Despite a 17 percent growth in revenues, the National Social Security Fund (NSSF) has warned, it is unlikely to pay members a double-digit interest rate due to the impact on the COVID-19
September 24, 2020
Dr-Sudhir Ruparelia (left) and Rajiv Ruparelia the Ruparelia Group Chairman and Managing Director respectively at a recent Victoria University function. The University is a Ruparelia Group educational institution. Dr. Sudhir has urged the public and the business community, employers, school owners, employers, etc., to fully cooperate with government by enforcing all the SOPs at their premises. ahead of the delivery of a vaccine in Q2 2021

Billionaire, Sudhir Ruparelia tests negative for COVID-19; urges for strict observance of government guidelines on pandemic prevention

Billionaire founder and Chairman of the Ruparelia Group, Dr. Sudhir Ruparelia has urged Ugandans to continue strict observance of the government guidelines on COVID-19, saying that in the interim, this remains the
September 22, 2020
Tony Thompson, the World Bank Country Manager for Uganda says that the money will be used to enable the Government to provide vital services, social safety nets and a more robust shock-responsive system for the long term, and the economy to recover faster.

World Bank approves UGX1.1 trillion loan to Uganda for COVID-19 economic recovery

The World Bank Board of Directors, yesterday, June 29th 2020 approved a $300 million (UGX1.1 trillion) budget support loan request by Uganda to boost the “Government’s capacity to prevent, detect and treat
July 1, 2020
Telecoms took big revenue hits on mobile money and voice calls but made minor gains on data revenue. With Uganda’s 2020 growth projections lowered to between 2.5% and 3.5%, medium term future still remains shaky

COVID-19: Telecoms voice and mobile money revenue falls by 26 per cent and 34 per cent respectively

Reduced intra and foreign trade as well as travel restrictions imposed by government to contain the spread of the Covid-19 causing coronavirus has badly hit telecom companies in Uganda. According to a
June 10, 2020
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A largely empty Kampala Street. Uganda is implementing a 6-week phased lockdown of businesses. Interviewed business owners/leaders want the lockdown to end and government to intervene in saving up to 4.4 million jobs

UN and Makerere report says 100,000 formal sector and 4,400,000 informal sector jobs to be lost to Covid-19

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 formal sector
May 22, 2020
Uganda’s Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija (left) and Commissioner-General, Uganda Revenue Authority, John Musinguzi Rujoki.

SEVERAL UNANSWERED QUESTIONS IN URA’S COVID-19 TAX AMNESTIES: An open letter to the Minister of Finance and Commissioner General URA

The immediate implications of COVID-19 do not need to be recounted to an adult who is in control of their faculties. We have all been devastated in all kinds of ways and
April 30, 2020

 

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