Of fuel crisis in UK, Kenya and the land question at home

There is an alarm in the global energy market. The Wall Street Journal on Monday reported that prices were now at a 13-year high in some markets. Oil prices are mostly measured by (crude oil, natural gas and refined products). British motorists have been affected by supply bottlenecks that left…

Fuel-efficient driving can check your fuel price woes

While several newer cars are quite efficient and as one would say simply sip fuel, they still account for a very small percentage of cars in Uganda. For many people who are driving fuel guzzlers including SUVs, premium high-end cars or old inefficient cars especially, times are sometimes tough at…

Kenyan firm to earn hefty fees in MTN Uganda IPO

MTN Uganda has picked Kenyan investment bank, Dyer and Blair, to assist with its initial public offering (IPO) guaranteeing the firm, owned by billionaire businessman Jimnah Mbaru hefty fees. The $250 million (Ush895.56 billion) IPO opened on Monday. Investors can apply for shares through SBG Securities, a subsidiary of South…

Industrial training key in fighting joblessness

Since 1960, Uganda’s education sector has undergone several reforms geared towards making the system better. Like any other sector, education was seriously affected by the political turbulences between 1971 and 1986. In 1989, government set up an Education Policy Review Commission to diagnose the state of the education service delivery…

Talks on teachers pay rise ill-timed

Govt should find better ways to address teachers concerns. There will be no pay rise for teachers of humanities, according to the President (Daily Monitor, Wednesday, October 13, 2021). The government will prioritise higher remuneration for science teachers because they are the lot who contribute directly to societal advancement and…

Investors with securities accounts grow to 40,000

A report by Uganda Securities Exchange (USE) indicates that 99.8 per cent (40,000) of investors at the stock market have a Securities Central Depository account. The account enables investors to participate in buying and selling of shares. Speaking during the Ring the Bell for Financial Literacy 2021 event in Kampala,…

Shs5 trillion lost in tax exemptions, incentives

More than Shs5 trillion in taxable revenue is foregone due to exemptions and related incentives, according to the government tax expenditure report. The report, the first to be published despite being a mandatory annualised document, indicates that during the 2019/20 financial year, a total of Shs5.03 trillion was foregone due…

Access to power is largest obstacle to business growth, says World Bank

Low access to electricity remains one of the biggest impediment to starting and running a business in Africa, particularly in Uganda, according to the World Bank. In Uganda, according to the 2019/20 National Household Survey, only 19 per cent of the population has access to electricity, which the World Bank…