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Govt overshoots October spending by Shs684b

Uganda, Nov. 18 -- The Ministry of Finance has said government overshot its expenditure by Shs684.13b in October. The Shs684.13b expenditure resulted in an overall fiscal deficit of Shs2.3 trillion, ... Read More


Umeme, MTN dominate trading activity at USE

Uganda, Nov. 17 -- Umeme and MTN dominated trading in the 2022 third quarter, accounting for more than 60 percent of activity at the Uganda Securities Exchange (USE). During the period, according to ... Read More


We have to fight anti-competitive mobile money practices - BoU

Uganda, Nov. 17 -- Bank of Uganda has said it will need stakeholders such as Uganda Communications Commission to cleanse the mobile money sector of emerging anti-competitive practices. Speaking durin... Read More


Fall in oil prices lifts up shilling

Uganda, Nov. 14 -- The shilling appreciated slightly against the dollar during August and October after experiencing more than six months of volatility, according to Bank of Uganda. The local unit, w... Read More


Funders now keen on ESG, says KPMG

Uganda, Nov. 14 -- Providers of capital are now keen to see how their resources are used to generate stakeholder value through Environmental Social Governance (ESG) to support the well-being of societ... Read More


Finance ministry stops entry of projects without feasibility studies

Uganda, Nov. 11 -- The Ministry of Finance has said there will be no more entry of development projects in public investment plans that have no feasibility studies. The move, which seeks to improve p... Read More


USE concedes failure of SME capital mobilising segment, creates new window

Uganda, Nov. 10 -- Uganda Securities Exchange (USE) has conceded that the Growth Enterprise Market Segment (GEM) has failed to takeoff. The segment, which was established in 2012, had sought to creat... Read More


Survey shows renewed growth in employment

Uganda, Nov. 8 -- The momentum in employment picked up in October as companies sought to recruit more staff to meet sustained growth in new orders, according to the Stanbic Bank Purchasing Managers' I... Read More


Debt recovery due to Zambia lifts Cipla's profitability

Uganda, Nov. 8 -- Cipla Quality Chemicals has said the recovery of part of its debt due to Zambian lifted its profit before tax position to Shs22.1b in the first half of the 2022/23 financial year . ... Read More


Understand business before investing in it, says Sejjaaka

Uganda, Nov. 5 -- To safeguard against increasing business failure, Ugandans must take time to learn and understand the type of business they want to invest in instead of doing what they have no idea ... Read More