Based on the data released by Uganda Bureau of Statistics (UBOS), economic growth is projected to average about 6.3 percent over the next five years. This growth is mostly being attributed to a rise in public investments, increasing growth in consumption, and improved agricultural productivity, which is largely tied to favorable and consistent weather conditions.… Continue reading A peek into the future of Uganda’s economy
Private Sector Foundation Uganda (PSFU), on behalf of Ministry of Finance is implementing a skills development facility (SDF) project to boost internship programs in vocational training institutions. The project will provide grants to companies that are active in agribusiness, construction, and manufacturing such that they are able to take on more students for internship programs.… Continue reading PSFU to boost internship programs in Uganda
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In today's article, I put into perspective the recent move by the Central Bank of Uganda of reducing the CBR in order to jumpstart the economy. Enjoy the read... In the past months, Uganda's economy has experienced a massive slowdown in its growth. A number of events have played a significant role in this economic… Continue reading Will a reduction in the CBR jumpstart Uganda’s economy?
Inadequate agricultural mechanization is one of the biggest hindrances to transforming Uganda's agriculture from subsistence to commercial agriculture. The director of National Crops Resources Research Institute (NaCRRI), Dr. Godfrey Asea, recently said that 99.4% of small scale farmers in Uganda use rudimentary and obsolete technologies in agriculture, having tools like hand hoes, hand held axes,… Continue reading Mechanization: A kick-start to agricultural prosperity.
Agriculture has been the back bone of Uganda's economy for ages. Recent statistics show that over 80% of Uganda's population is employed at some stage in the agricultural sector. However, the benefits and direct contribution to the economy are yet to be fully derived and enjoyed by the populous involved in this trade. While doing… Continue reading Hindrances to the prosperity of the agricultural sector in Uganda.
Today, I was priviledged to attend a conference with the theme Power, Sex, and Money, the emphasis being on Money. Majority, if not all of the people in attendance were quite youthful, with some of them being university students and others recently starting out in their careers. The discussion of the day was quite interesting… Continue reading Living within your means for a better tomorrow.
The theory behind Crane Bank's takeover by DFCU Bank.