Finance ministry outlines budget strategy for 2019/2020
Development partners, however, specifically cautioned government on debt and urged it to “scrutinise” its new borrowing initiatives “very carefully”
Uganda Business News
Quality of Uganda’s institutions and policies unchanged in 2017 – World Bank
The quality of Ugandan government policies and institutions remained unchanged in 2017, according to the World Bank’s annual sub-Saharan country policy and institutional assessment report
Government considers taxing PayWay, Ezeemoney and similar platforms
The government is mooting imposing taxes on “alternative” payment platforms like PayWay, Ezeemoney, and agent banking because the recently introduced mobile money tax does not apply to them, according to the state minister for finance
UNRA and other agencies to be merged, scrapped as gov’t seeks cost cuts
In a move officials say will save more than Shs1 trillion in public administration costs, a cabinet sitting resolved on Monday to merge more than a dozen government agencies and departments with their parent ministries, or scrap them altogether
Communication taxes and old car ban push up August inflation
The Uganda Bureau of Statistics said Friday that the consumer prices index 12-month rate rose for the third straight month in August, mainly because of rising prices for services, particularly communication and transport.
Dfcu Group’s first-half profits “normalise” after Crane Bank integration
Dfcu Group, the parent company of Dfcu Bank, posted a decline in half-year income and profits, which an accompanying statement said had “normalised following the integration of the acquired net assets of Crane Bank Limited”.
Data and mobile money drive Airtel Uganda’s strong growth in 2017
Airtel Uganda Limited, Uganda’s second largest telecom, reported solid income growth during the 2017 calendar year as revenue improved while expenses dropped
Uganda’s largest mining venture in 30 years to open in October
At least $620m (Shs2.2trillion) is expected to be invested in the Osukuru Industrial Project, making it Uganda’s biggest mining venture since the Kilembe copper and cobalt mines in Kasese district.
Stanbic Bank Uganda profits rebound on fees and trading income in first half of 2018
Profit growth at Stanbic Bank – Uganda’s largest bank by assets – picked up a little pace in the first half of 2018 following a decline last year. Still, the bank’s primary source of income continued declining due to central bank rate cuts.
MTN Uganda half year revenue lifted by digital growth – and constant currency reporting
Uganda’s largest telecom MTN Uganda benefitted from a reduction in commissions paid to its mobile money agents in the first six months of this year, with an acceleration in income from digital streams driving revenue growth.