The Minister of Finance, Matia Kasaija has noted that the country’s economic growth projections in FY2019/2020 has been revised downwards from 6.0 percent to between 5.2 5.7 percent depending on the severity of the COVID-19 impact on Uganda. While addressing Parliament on Thursday, the Minister noted that the country’s revenue collections will register an additional shortfall of about Shs82.4 billion…
Read More
By: Alexander Kyokwijuka Starting out in business can be such an exciting experience for any entrepreneur because they are following their passion to realize their numerous dreams. That said, it can also be such a hustle especially if you are operating in an environment like ours (here in Uganda) where the cost of doing business is fairly harsh for…
Read More
Leaders in Serere District have asked the government to carry out an audit of Kagwara Fish Handling Facility. The facility located in Kadungulu Sub County was constructed between 2009 and 2013 at 2.7 billion shillings. However, it has not been in use after the district declined to receive it from the contractor citing shoddy works. ` Joseph Opit Okojo, the…
Read More
Three years ago, we interviewed four University graduates for a certain job at Hostalite. I honestly wasn’t impressed because three of them failed the practical/ hands on tests. My mind went racing and quickly got an idea to start a training center that would equip such graduates and many more with practical I.T and business skills. I quickly ordered for…
Read More
The Central Bank of Kenya (CBK) has announced a raft of measures to facilitate increased use of mobile money transactions instead of cash. This follows President Uhuru Kenyatta’s appeal to Kenyans on Sunday to use mobile money and card payments instead of hard currency to guard against the spread of coronavirus. To facilitate this, the apex bank announced the following measures: There will…
Read More
Every business owner’s goal is to grow their business. However, due to different factors, these aspirations some times are not achieved according to plan. The gap between desired and actual results indicates a need to perform a gap analysis on the business. The process of gap analysis is straight forward, depending on what part of the business one is seeking…
Read More
In a bid to leverage ICT to promote efficiency in public procurement and uphold government’s promise to the public on efficient and accountable governance, the Ugandan government, through its Procurement regulatory body, the Public Procurement and Disposal of Public Assets Authority (PPDA), has acquired an electronic Government Procurement (e-GP) System that is meant to replace the manual processes of procurement.…
Read More
The Finance Ministry has tabled a loan request of Shillings 1.2 trillion for the Kampala-Jinja Expressway project. The project comprising the 77KM Kampala-Jinja Expressway and 18KM Kampala Southern Bypass aims at reducing traffic congestion in and around Kampala City, and provide rapid transport to/from the main economic hubs. The two roads were among the expressways designated in the Second National…
Read More
Aishaman boys in Ghana could not hide their anger after a young Entrepreneur who is also a motivational speaker was slapped and whipped for declaring his methodology for setting up his business. It is reported that most successful people do not reveal their plans in making money but rather, stories which looks like myth. According to the guys who whipped…
Read More
The Ministry of Energy and Mineral Development, has accused Mubende artisan Miners for falsely accusing government of allocating them barren land free from gold deposits. The Minister of State for Mineral Development made the argument while appearing before Parliament’s Natural Resource Committee that is investigating pleas in a petition by miners in Buhweju, Mubende and Busia district over the mistreatment…
Read More