economy

economy

MTN targets to lend Shs1 trillion in mobile money users with business loans

MTN targets to lend Shs1 trillion in mobile money users with business loans

Africa-Press - Uganda. Telecom giant, MTN, has said it will this year double down its mobile money lending with the view of advancing subscribers...
Five companies generating 60% of insurance business, says IRA

Five companies generating 60% of insurance business, says IRA

Africa-Press - Uganda. Insurance Regulatory Authority (IRA) has said that more than 60 percent of insurance business is generated by just five companies.Speaking during...
Museveni unveils plan to propel tourism sector

Museveni unveils plan to propel tourism sector

Africa-Press - Uganda. President Museveni has affirmed the government's commitment to supporting the Ministry of Tourism and Antiquities, articulating ten key areas of investment...
BoU projected to hold policy rate at 9.50%

BoU projected to hold policy rate at 9.50%

Africa-Press - Uganda. Bank of Uganda (BoU) will hold its policy rate at 9.50 percent at its next meeting in April, Fitch Solutions has...
Only 3.1 million Ugandans formally save for retirement

Only 3.1 million Ugandans formally save for retirement

Africa-Press - Uganda. State Minister for Finance and Planning Amos Lugolobi has said ‘saving for retirement is a patriotic deed’, given its importance in...
UWEC reports increasing number of tourists

UWEC reports increasing number of tourists

Africa-Press - Uganda. The management of Uganda Wildlife Education Centre (UWEC) has reported increasing number of tourists in recent years.Mr Eric Ntalumbwa, UWEC Public...
Rise in education service fees pushes up inflation

Rise in education service fees pushes up inflation

Africa-Press - Uganda. The increase in education service charges ranging from tuition, and scholastic material and uniforms pushed up inflation, which means that most...
Govt in negotiations to sell a stake in revamped UTL

Govt in negotiations to sell a stake in revamped UTL

Africa-Press - Uganda. Government is negotiating with investors to secure investment capital for the recently revamped Uganda Telecommunications Corporation Limited (UTCL).UTL, in August last...
Coffee dealers, farmers petition govt on merging UCDA

Coffee dealers, farmers petition govt on merging UCDA

Africa-Press - Uganda. Coffee farmers and dealers in Masaka Sub Region have asked the government to reconsider its plan to merge the Uganda Coffee...
Coffee from deforested areas will not enter Europe, says UCDA

Coffee from deforested areas will not enter Europe, says UCDA

Africa-Press - Uganda. The European Union (EU) will deny entry of coffee planted and harvested in deforested areas into Europe. The move adds to...