Business

Former Crane Bank employees to sue dfcu bank

Former Crane Bank employees to sue dfcu bank

By Anthony Wesaka At least 10 former employees of Crane Bank, now under receivership, have run to the High Court in Kampala seeking permission to sue dfcu Bank on behalf of about 400 other sacked colleagues. The ex-employees accuse the bank of breach of their employment ...

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August 23rd, 2017

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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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