Business Focus

15/06/2024

Finance Ministry PS Ggoobi Tips Private Sector On Available Opportunities In FY 2024/25

Absa Bank MD, Mumba Kalifungwa (R) chats with Finance Ministry PS Ggoobi during Post Budget Dialogue The Finance Ministry Permanent Secretary/ Secretary to Treasury Ramathan Ggoobi has outlined budget opportunities in the UGX 72Trillion Budget for the Financial Year 2024/25, urging private sector pl...

14/06/2024

Kasaija’s ‘Beer Tax’ To Bite Alcohol Industry

https://businessfocus.co.ug/kasaijas-beer-tax-to-bite-alcohol-industry/

13/06/2024

A Closer Look At Uganda’s Budget That Starts 15-Year Journey To Half A Trillion Dollar Economy

Finance Minister, Matia Kasaija arriving to read the 2024/25 budget The Minister of Finance, Planning and Economic Development has presented to the nation the National Budget that is the first of the fifteen aimed at multiplying the Ugandan economy 10 times. The 72 trillion-shilling 2024/2025 budget...

13/06/2024

A Simple Breakdown Of Uganda’s Shs72.13 Trillion Budget For FY 2024/25

Finance Minister, Matia Kasaija (Centre) with his junior Ministers before he left Ministry of Finance headquarters for Kololo independence grounds to read the budget for FY 2024/25 on behalf of the President/ Ministry of Finance Photo Uganda’s total resource envelope for Financial Year 2024/25 amo...

13/06/2024

Uganda’s Economy Growing Rapidly, GDP Now Estimated At Shs202 Trillion – Kasaija

Minister of Finance, Matia Kasaija Government has revealed that the size of the economy is now estimated at Shs202 trillion (USD 53.3 billion) up from Shs 184.3 trillion (USD 48.8 billion) in nominal terms. The revelation was made by Minister of Finance, Matia Kasaija while reading the Shs72.136 tri...

13/06/2024

Museveni Meets Buganda Clan Leaders, Donates Shs200M To Their SACCO

President Museveni meets the Bataka of Buganda led by ICT Minister Joyce Ssebugwawo President Yoweri Museveni Kaguta has again met with Buganda Class leaders at State House Entebbe. The meeting comes despite the contestations from the Katikkiro Charles Peter Mayiga after the first meeting last year....

13/06/2024

Jinja Residents Protest Relocation of Agricultural Shows to Luwero’s Bukalasa College

The Jinja city woman MP, Manjeri Kyebakutika holds a sheet containing some of the signatures. Jinja residents have held a peaceful protest against the move by Uganda National Farmers’ Federation-UNFFE, to relocation the national students’ agricultural exhibition to Bukalasa agricultural college ...

13/06/2024

Basajjabalaba To Women: Stop Staying At Home, Join Business To Gain Financial Independence

City businessman Hassan Basajjabalaba has called for more women to join the business to become financially emancipated. Basajjabalaba, who was speaking at a fundraising gala in Kansanga central market (Kampala) recently highlighted the need to involve women in business roles saying, “Women should ...

13/06/2024

Nawangwe Tasked To Justify Suspension Of Deans’ Forum

Tasked: VC Barnabas Nawangwe Makerere University Deans’ have asked Vice Chancellor Barnabas Nawangwe to avail complaints that he allegedly received regarding the illegality of the Dean’s forum. The Makerere University Deans’ Forum (MUDF) was an umbrella for Deans of schools and directors of te...

13/06/2024

Activists Call For Recognition Of Unpaid Care, Domestic Work

Gender activists are advocating for the recognition of unpaid caregiving and domestic work. Unpaid care and domestic work, which includes tasks such as child, elder care, cooking, and cleaning, fetching firewood and water among others is predominantly performed by women and girls. Despite its critic...

13/06/2024

How Client, Thug Orchestrated Bwebajja Mobile Money Robbery

After spending nearly a week in cells, Edrine Bugaya has confessed knowing Bahati Kisekka who orchestrated an armed mobile money robbery at Bwebajja cell, Kajjansi town council, on Entebbe Road, in Wakiso District. Kisekka, last week attacked Maria Mbadiremu, a 28 year old mobile money operator at a...

12/06/2024

3 MPs Charged, Remanded Over Corruption

https://businessfocus.co.ug/3-mps-charged-remanded-over-corruption/

11/06/2024

“Africa Will Be The Pivotal Continent In The World, Given Its Economic Prospects”—African Development Bank Group President

Dr Akinwumi Adesina delivered an inspiring address to a diverse audience of diplomats, investors, academics, politicians, and media, emphasizing Africa’s untapped potential and abundant opportunities Financing is key to unlocking Africa’s development opportunities; Dr Adesina tells Chatham House...

11/06/2024

Locally Produced Sustainable Aviation Fuel will Boost Emission Reductions and Fuel Security in Africa

By Omar Ali Adib African airlines play a vital role in unlocking trade, providing employment, increasing GDP, and demonstrating national and continental pride. However, they face formidable challenges, foremost among them being the cost of aircraft fuel, which exceeds global averages by up to 30%, w...

11/06/2024

S.5 Student Commits Su***de Over Forced Subject Combination

A senior five student at Wampewo Ntake SS in Wakiso district has committed su***de, allegedly due to pressure from her mother to pursue science subjects. Kampala Metropolitan Deputy Police Spokesperson, Luke Owoyesigyire, identified the deceased as 17-year-old Hawa Nantongo, who ended her life over....

11/06/2024

URA Boss: EFRIS Will Save Uganda From Losing Shs4 Trillion In Uncollected Tax Annually

The Uganda Revenue Authority (URA ) Commissioner General, John Musinguzi (pictured), has said Uganda is losing around Shs4Trn annually in uncollected tax , noting that the Electronic Fiscal Receipting and Invoicing System (EFRIS) will ensure that all VAT taxpayers pay their fair share of tax. Musing...

10/06/2024

Report: Private Sector Records Improvement In Business Operations, Performance In May

https://businessfocus.co.ug/report-private-sector-records-improvement-in-business-operations-performance-in-may/

10/06/2024

S.5 Student Commits Su***de Over Forced Subject Combination

https://businessfocus.co.ug/s-5-student-commits-su***de-over-forced-subject-combination/

10/06/2024

Kampala Businessman Petitions Court Over Shs 900 Million Range Rover Purchase Dispute

https://businessfocus.co.ug/kampala-businessman-petitions-court-over-shs-900-million-range-rover-purchase-dispute/

10/06/2024

Hardware World: How Simon Ssekankya Built East Africa’s First Hardware Supermarket Empire

There can’t be too many bankers who choose to leave the hallowed halls of banking for the dusty and gritty world of concrete factories and stone quarries but that’s exactly what Simon Ssekankya, founder of Hardware World, did in 2001! The Rise of Hardware World: A Landmark in East African Retail...

10/06/2024

ITHUBA Uganda Announces More Winners Of The Daily Lotto Draw

ITHUBA Uganda, the official operator of the Uganda National Lottery, regulated by the National Lotteries and Gaming Regulatory Board (NLGRB), is thrilled to announce the results of the DAILY LOTTO DRAW 09, conducted on Sunday June 9, 2024. The Uganda National Lottery continues to create more winners...

10/06/2024

Huawei Uganda Unveils Solar Solutions

Group Photo at the Uganda partner summit Huawei Digital Power held a FusionSolar Partner Summit in Kampala, Uganda for the first time, which was themed, ‘Lighting Up a Greener Africa’, and was aimed at bringing together Huawei Digital Power channel partners to release its latest sustainable ener...

08/06/2024

ICEA LION Group Celebrates 25 Years In Uganda: Growth, Innovation & Sustainability

Emmanuel Mwaka, CEO, ICEA LION Life Assurance, underscored innovation, talent development, and environmental stewardship as pillars for the company’s future trajectory. In a grand celebration at Mestil Hotel Kampala, ICEA LION Group commemorated its 25th anniversary in Uganda. Industry leaders, em...

08/06/2024

Vivo Energy Uganda Customers Win Big In The “Kigwera ku Shell” Back To School Promotion

Vivo Energy Uganda, the company that distributes and markets Shell-branded fuels and lubricants in Uganda, has today rewarded twenty lucky customers with school fees for their children as part of the ‘Kigwera Ku Shell’ back-to-school promotion for the second school term of the year. The promotio...

08/06/2024

dfcu Partners With Visa, Qatar Airways To Offer Exclusive Discounts To Bank Customers

Faridah Nalubega, Manager – Cards & Money Transfers at dfcu Bank dfcu Bank, a leading financial institution in Uganda, has announced its collaboration with Visa, a global leader in digital payments, and Qatar Airways to introduce an exciting discount offer. With discounts of up to 12%*, this campa...

07/06/2024

'Gov’t Determined To Enhance Passenger Experience At Entebbe International Airport'

Members of the Air Transport National Facilitation Committee (NFALC) on a guided tour of the facilities at Entebbe airport The Commissioner Transport Regulation and Safety at the Ministry of Works and Transport, Winstone Katushabe, has said Government is determined to improve the facilitation of pas...

07/06/2024

Kiira Motors Unveils The 2024 8-Meter Kayoola EVS Model

A batch of eight (8) 8-Meter Kayoola EVS buses produced at Luweero Industries Limited Kiira Motors Corporation today delivered a batch of eight (8) 8-Meter Kayoola EVS buses produced at Luweero Industries Limited in Nakasongola to the Kiira Vehicle Plant in Jinja, bringing the total stock of Electri...

06/06/2024

SONA2024: President Museveni To ‘Crush’ Corrupt Political Leaders & Civil Servants, Calls For Full Free Trade In EAC

Museveni arriving at Kololo Ceremonial Grounds President Yoweri Kaguta Museveni on 6th June, 2024 delivered the State Of The Nation Address at Kololo Ceremonial Grounds in which he vowed to crush the corrupt politicians and civil servants. Below is the President’s full speech; In fulfillment of th...

06/06/2024

Museveni: I Have Directed Finance Ministry To Cap Interest Rates Charged By Money Lenders

President Museveni delivering the State of the Nation Address at Kololo Independence Grounds/ Parliament photo President Yoweri Museveni has decried the high interest rates charged by financial institutions, noting that he has directed the Ministry of Finance to cap interest rates charged by money l...