News Uganda Financial: Aid shortage leaves refugees in Uganda reliant on kitchen gardens
By Justin Dralaze BIDI BIDI, Uganda (Reuters) -Watering the neat lines of green salad leaves outside her thatched home, Susan Konga, a South Sudanese woman living in a refugee camp in northern Uganda, is preparing her kitchen garden for the next harvest. This year the success of her tireless cultivation will be put to the test - complete self-sufficiency. Global crises like the war in Ukraine,
News Uganda Financial: Inside Uganda’s new drug crisis
The face of opioid-related overdoses in Uganda wears a white lab coat and has a stethoscope hugging their neck, an investigation by Monitor can reveal.Five of 15 people who, on average, check into Butabika National Referral Mental Hospital’s alcohol and drug unit each month, grapple with some form of opioid addiction.An opioid is a compound whose addictive properties or physiological effects resemble those of opium.Opioids—medically called...
News Uganda Financial: Postbank Uganda Records 19 Percent Net Profits Growth
PostBank on Tuesday announced its financial results with a 19% increase in net profit for the year 2022.The state-owned bank reported a net profit of Shs 15.1 billion, a solid year-over-year growth of 19.3% up from the Shs 12.2 billion net profit posted in 2021.Post Bank's total assets grew significantly by 21.3% from Shs 745 billion in 2021 to Shs 946. 6 billion in 2022, which is almost 1 trillion.The bank's total income also increased from Shs...
News Uganda Financial: Strengthening Uganda’s economic muscle
Inefficiencies and market fragmentation could be addressed by connecting small-scale farmers to private agribusinesses ...
News Uganda Financial: Uganda central bank holds key lending rate
KAMPALA (Reuters) - Uganda's central bank on Thursday held its key lending rate at 10.0%, saying the near-term risks to the inflation outlook remained elevated. The decision, announced by deputy governor Michael Atingi-Ego at a news conference, is the third time in a row the bank has kept its main policy rate unchanged. Inflation fell to 9.0% year-on-year in March from 9.2% a month earlier. (
News Uganda Financial: Financial hardships lock learners out of school
Even as the first term comes to a close next month, there are students who are still stuck at home due to lack of fees.Schools reopened for the first term on February 6, and are expected to close for holidays on May 5. However, many schools have registered low enrolment.The development has attracted a number of contingency measures from some schools, including Buwenge Blue Day and Boarding Primary School, Buwenge Town Council in Jinja District,...
News Uganda Financial: How the Pirates signed David Matoma, a 16-year-old pitching prospect from Uganda
Tom Gillespie, a scout who's based in Germany, first heard about Matoma more than a year ago, but it took a while for them to connect.
News Uganda Financial: Uganda needs policy review on disposal of public assets
By Julius Peter OchenDiscussions are ongoing before the Parliament of Uganda on budget frameworks for FY 2023/2024, with this year's budget expected to be revised down to sh40 trillion due to other constraints. With more than 25% of our annual budget normally spent through procurement of goods, works and services, efficiency in resource utilisation amidst current financial constrain is no longer a matter of dialogue especially when the...
News Uganda Financial: IMF executive board approves Shs870b disbursement to Uganda
The International Monetary Fund (IMF) executive board has approved two reviews of a financing agreement with Uganda that allow for the immediate release of about $240 million (about Shs870b) to the East African country.According to the IMF deputy managing director, Bo Li, Ugandan authorities remain committed to their economic programme amidst a challenging environment.“Most quantitative targets were met in 2022. Six of the twelve structural...
News Uganda Financial: Uganda cancels $US 2.3bn SGR deal with China and turns to Turkish firm
Uganda has cancelled its $US 2.3bn deal signed with China to build a 273km standard-gauge route from Kampala to Malaba.
News Uganda Financial: Uganda: State House Asks for Shs 402 Bn to Look After Museveni Next Financial Year
State House has requested for Shs 402 billion as total funding for President Museveni's activities next financial year.
