Business

Private sector credit stock jumps 0.9 percent in August as trade sector absorbs most bank loans

The outstanding stock of private sector credit (PSC) in Uganda increased by 0.9 percent in August 2019 to Shs15,357.38 billion, up from Shs15,226.26 billion...

Commonwealth finance ministers urge progress on taxing digital commerce to tackle debt

Commonwealth finance ministers have recognised the potential of technology to improve debt transparency while urging closer collaboration to resolve tax challenges arising from growing...

UDB’s Communication and Stakeholder Engagement Strategy

Uganda Development Bank (UDB) launched a mid-term Communication and Stakeholder Engagement strategy. The event was held at the UDB Offices at Rwenzori Towers.  The goal...

What next for local subcontractors after collapse of farm-down talks between gov’t and oil companies?

On August 29, 2019, Tullow announced that its attempt to sell to Total and CNOOC, 22 percent of its stake in the Uganda’s oil...

Buhweju artisanal miners demand licenses from government as scramble for minerals hits up

Artisanal miners from Buhweju district in western Uganda are seeking licenses to explore gold, following their eviction from the fields by the Mineral Protection...

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