Tag Archives: ECONOMY

Viewers: 90,000 By Spy Uganda What is billed as a shield for Uganda’s sovereignty may instead rattle its economic foundations, Bank of Uganda Governor Michael Atingi-Ego and Deputy Governor Augustus Niwagaba warned, citing risks of capital flight, reserve depletion, and rising debt costs. The bill, tabled on April 15 by State Minister for Internal Affairs Gen. David Muhoozi, seeks …

By Amiri Wabusimba. On a modest veranda in Mubende District, a row of glass jars sits quietly beneath pieces of cotton cloth. Inside them, tea, sugar and a living culture are transforming into kombucha, a fermented drink that has travelled from ancient Asian traditions to modern global wellness markets. At first glance, the jars appear to represent a small entrepreneurial experiment, …

By Benoni Okwenje Uganda’s economic transformation over the last three decades has not been accidental. It has been driven by deliberate policy choices: market liberalization, exchange rate flexibility, and openness to capital flows. As Uganda advances toward middle-income status supported by oil production, regional integration, and financial sector deepening, the case for maintaining and strengthening these pillars is compelling. The …

President Yoweri Kaguta Museveni has said Uganda’s economy has grown twentyfold since the National Resistance Movement (NRM) took power, projecting that the country’s total economic output will reach USD 66 billion by June next year, up from USD 3.9 billion in 1986. Speaking in Mbale on Sunday afternoon while addressing NRM leaders from the Bugisu sub-region, Museveni said the transformation …

By Wabusimba Amiri, A journey from Kampala to Mbale spans approximately 240 kilometres and takes about five hours. A passenger is expected to part with between UGX 25,000= and UGX 35,000=. Covering 273 kilometres to Mbarara costs slightly more around UGX 30,000 to UGX 35,000 over a journey lasting close to six hours. Yet a trip to Gulu, just an …