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Top sustainability strategies for small businesses

Top sustainability strategies for small businesses

The growth of small and medium enterprises (SMEs) in Uganda has reached an all-time high, with an estimated 1.1 million SMEs operating across various sectors, according to a World Bank report. Despite this growth, one-third of Ugandan SMEs, especially small businesses, fail to survive their

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VIDEO: Questions linger over Shs10 trillion SGR cost

VIDEO: Questions linger over Shs10 trillion SGR cost

In early March 2017, panic-stricken officials from Uganda’s ministries of Works and Finance, dashed to Dar es Salaam to “compare notes” with their Tanzanian counterparts on among others, variations in prices of their disassociated Standard Gauge Railway (SGR) projects. President Mu

Ultimate Uganda

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical Industries, formerly Cipla Quality Chemical, is in negotiations to open a new manufacturing plant to produce new medications. The plant, if realised, will produce medications for infectious and non-communicable diseases, to add to its HIV and anti-malarial drugs. Mr

Ultimate Uganda

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical to set up $50m TB, cancer drugs plant

Quality Chemical Industries, formerly Cipla Quality Chemical, is in negotiations to open a new manufacturing plant to produce new medications. The plant, if realised, will produce medications for infectious and non-communicable diseases, to add to its HIV and anti-malarial drugs. Mr

Ultimate Uganda

50 per cent of Fort Portal wetlands drown in destruction - study

50 per cent of Fort Portal wetlands drown in destruction - study

About 50.9 percent of Fort Portal City's total wetland area has been degraded due to human activities, a new study has revealed. According to the study by Aid Environment, commissioned by Join for Water in collaboration with Fort Portal City, wetland cover reduced from 537.4 hectares to

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74 financial institutions now access NIRA database, says BoU

74 financial institutions now access NIRA database, says BoU

Bank of Uganda (BoU) has indicated that at least 74 supervised financial institutions now have access to the National Identification and Registration Authority (NIRA) database. The access, which is part of the plan to enhance the Know Your Customer (KYC) strategy as mitigation against fr

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Foreign reserves fall to all time low

Foreign reserves fall to all time low

High public service costs continued to weigh heavily on Uganda’s foreign reserves, resulting in a drawdown of $144.1m (Shs528.7b) in the three months to July. In details contained in the September State of the Economy Report, Bank of Uganda noted that developments in the [balance of pa

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Some EFC, Mercantile depositors yet to pick their money, says DPF 

Some EFC, Mercantile depositors yet to pick their money, says DPF 

The Deposit Protection Fund of Uganda (DPF) has asked depositors of the closed EFC Uganda and Mercantile Credit Bank who have not picked their money to make necessary arrangements to enable the Fund to pay their protected deposit up to the limit of Shs10m.   Speaking during the Makere

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Convenience and Safety Through Cashless Payments Uganda’s digital economy transition is accelerated by MTN MoMo’s innovative approach. By collaborating with platforms like School Pay, MTN MoMo has created a seamless payments marketplace where parents can pay school fees from ho

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Who holds the largest share of govt's domestic debt

Who holds the largest share of govt's domestic debt

Commercial banks hold the largest share of government’s domestic debt, according to the Debt Statistical Bulletin and Public Debt Portfolio Analysis by the Ministry of Finance. The analysis, which seeks to provide accurate and timely debt statistics, crucial for assessing the country

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