Business

Between April 2022 and May 20th, 2022, the shilling has depreciated against the dollar by 3% according to Bank of Uganda. This has happened for the first time in over two years, the shilling losing ground against the dollar. Earlier this week, Dr Adam Mugume, the Bank of Uganda director of research had an interview. During the interview, he said ...

During its last trading session last week, the Ugandan shilling remained on the back foot, touching the technical levels of 3605/3615. The shilling received pressure from substantial demand for dollars from commercial banks, the energy and manufacturing sectors. There seemed to be a similarity between the local unit trend and its peers in the region. The Kenyan and Tanzanian currencies ...

As the country moves closer to the end of this financial year, the Uganda Revenue Authority (URA) is still optimistic about meeting its annual revenue collection target of Shs 22.4 trillion. However, their hopes have been blurred after registering a shortfall of Shs 1 trillion in the last three months. Uganda Revenue Authority Commissioner General, John Musinguzi, addressed media at ...

Financial discipline is one of the topics I usually talk about, I found out that it is where most of us get it wrong and end up bankrupt. It is very sad to see one doing well in business or life in general, then all of a sudden you see him /her collapsing financially due to miss management. I said ...

State Minister for Environment and the Woman Member of Parliament for Manafwa District has lauded Stanbic Bank Uganda for its financial and non-financial services package. These have been aimed at supporting women-led enterprises to sharpen their competitiveness in the marketplace. The Minister was Chief Guest at financial literacy and access to finance training, attended by women in business at the ...