Bank clients in Uganda have called upon government to set up an independent body to conduct a special audit into the operations of the Central Bank and the commercial banks in the country. The call has been made by the chairperson of the Bank Customers’ Rights Protection Organisation, Nabunya Ntege at a time the central […]
Sugar companies under the their umbrella group the Uganda Sugar Manufacturers Association (USMA) have petitioned Parliament put stringent measures on the sugar bill with a tough clause barring sugar factories away from unrecomended areas. The sugar companies members were appearing before the Parliamentary Committee on Trade, Tourism and Industry chaired by the MP for Fort […]
The Uganda Revenue Authority (URA) has described this financial years revenue collection target is stretching and ambitious. In the 2017-2018 budgets the URA is expected to collect 15 trillion on assumptions over 6% GDP growth, stable inflation rate, increasing private sector credit growth above the current 4.4% and others. Speaking to media today, Doris Akol, […]
Standard Chartered Bank has re-launched some of its services to enable its clients access financial solutions with ease. Some of the services re-launched include visa infinite debit card usage and advising the customers on their wealth and property management. The Head of Retail Banking, Israel Arinaitwe, says that the visa infinite debit card offers complementary access to over […]
PARKYARD traders under their umbrella association, New Agenda Traders Development Association Parkyard have petitioned Parliament seeking assistance to help them acquire the two billion shillings that was promised to them by President Museveni when their market caught fire. The traders led by their Chairperson, Kassim Sebadduka and Secretary General Muhammed Musisi while presenting their petition […]
By Eric Mukhwana Bugisu Cooperative Union (BCU) is Uganda’s only surviving cooperative society. It’s an establishment that has existed during and after colonial times. Arabica coffee was introduced in Bugisu in 1912 and it has remained the central economic activity of the Bagisu – yesterday, today and tomorrow. The thought to form a cooperative union […]
Speaker of Parliament, Rebecca Kadaga, has tasked government to explaining the continuous delay in tabling a proposed bill that seeks to regulate landlords and tenants in the country. The move follows a petition from Kampala City Traders Association (KACITA) demanding that Parliament enacts a law to regulate landlords and tenants to save the frequent confrontations […]
Proprietors of SACCOs across the country have urged government to scrap taxes against them to enable their members prosper at a higher rate through their various activities that they set up. The board chairperson on one of the SACCOs under the names of Shuuku SACCO ltd, Stephen Bongonzya, while appearing before Parliament’s committee on finance […]
Bank of Uganda has reported drastic raise in annual crop inflation in the last three months. This comes at the time when many parts of the country is experiencing drought which is likely to last until the end of this year, according to weather experts. While releasing the monitory policy statement for October 2016, the […]
The State Minister for Micro Finance, Haruna Kasolo Kyeyune has launched an operation in Kampala and Wakiso districts to search for all those managers who keep on disappearing with the savings of the members of Savings and Credit Cooperative Societies (SACCOS) groups. While meeting members of Nakasero eyeterekera cyclists and vendors SACCO at Nakasero market […]