Business

Sugar manufacturers cry out to parliament over “unfair”competition

Sugar manufacturers cry out to parliament over “unfair”competition

By Samuel Ssebuliba Sugar companies under the Uganda Sugar Manufacturers Association have urged parliament to review the Sugar Act to bar embellishment of more than one factory in one location. Currently the trade committee is working on the sugar bill that seeks to among ...

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August 3rd, 2017

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BOU governor warns against capping interest rates

BOU governor warns against capping interest rates

By Samuel Ssebuliba The governor Bank of Uganda Prof Emanuel Tumusiime Mutebile has cautioned commercial banks against capping of interest rates, rather advising that they embrace various strategies of reducing their operation costs. Currently the annual operation costs of ...

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July 19th, 2017

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Farmers flock MBAZARDI for Daily Monitor Farm Clinic

Farmers flock MBAZARDI for Daily Monitor Farm Clinic

By Alfred Tumushabe Over 600 farmers from South-Western Uganda have flocked Mbarara Zonal Agriculture and Research Development Institute for Daily Monitor’s sixth Farm Clinic. The farm clinic was intended to help farmers get knowledge on growing and marketing bananas, chili,

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May 27th, 2017

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Uganda’s debt is manageable, says government

Uganda’s debt is manageable, says government

By Samuel Ssebuliba Despite admitting that the economy is in distress, government has boasted of maintaining the debt to GDP ratio below East Africa’s threshold of 50%. Currently Uganda’s external debt is estimated at about Shs17 trillion, while the domestic debt stood at ...

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May 16th, 2017

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Cooperatives join NFA in drive to restore Uganda’s forest cover

Cooperatives join NFA in drive to restore Uganda’s forest cover

By Benjamin Jumbe The unprecedented loss of Uganda’s forest cover has prompted cooperatives to join the National Forestry Authority (NFA) drive to increase Uganda’s Forest Cover. According to the forestry authority, Uganda has lost over 1.3 million hectares of forest cover ...

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May 13th, 2017

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