Finance
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In their paper titled “Advances in Real Time: Challenges and Solutions in Interoperable Payment Systems,” Kosta Peric, Miller Abel, and Matt Bohan discuss the complexity of dealing with cash. I refer to this paper when discussing elements like interoperability, Level One Project (L1P), and Instant Inclusive Payment Systems (IIPS) that are key to designing Digital […]
Following the conclusion of the entries’ submission and verification process, HiPipo; the organizers of the annual Digital Impact Awards Africa have unveiled the nominees of the 2022 Digital Impact Awards Africa. Digital Impact Awards Africa is a platform that promotes Digital Inclusion, Financial Inclusion, and Cyber Security. The Awards recognize and celebrate stakeholders that are […]
Uganda National Bureau of Standards (UNBS) has opened its 2nd Food Safety Laboratory in Mbale City to provide Conformity Assessment and Quality Assurance of products manufactured in Eastern Uganda. According to Mr. David Livingstone Ebiru, the Executive Director of the Uganda National Bureau of Standards (UNBS), this is part of the Bureau’s Strategic Plan to […]
After an intense and knowledge-packed week, the 2022 Women in FinTech Hackathon, culminated in the Women in FinTech Summit on the 16th of September. The Women in FinTech Summit was characterized by colour and pomp as the top six teams were announced and rewarded. Even so, all the 20 Teams got their fair share of […]
PostBank Uganda has today officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. This implies that the bank shall no longer be categorized as a credit institution but as a deposit taking financial institution that gives loans for the purposes of consumption and investment to make profit […]
In a bid to attract and retain the much needed experts, the government has decided to prioritize enhancement of pay for specialists and scientists. This, as revealed by the Public Service Minister, Wilson Muruli Mukasa, follows the fact that most experts flee abroad in search of greener pastures. He further noted that many jobs remain […]
The Ugandan Government, in a move to avail more funds for priority sectors, has initiated budget cuts across it’s Ministries, Departments and Agencies (MDA) for the ongoing financial year(2021/2022FY) The massive cut back summing up to Shs203.4 billion will also affect government universities, parastatals and various commissions of government. It is our understanding that at […]
Industrial Hemp Uganda Ltd has confirmed that it exported 400kgs of medical marijuana were to Germany on 16th October from Uganda. According to www.gmg-compliance.org, a website run by a German-based training institution on good manufacturing practices for health product makers, a kilogram of medical cannabis costs approximately USH18 million. The same source claims that Medical […]
The Uganda Revenue Authority (URA) has launched a tax education mobile office aimed at supporting tax education and outreach programmes in support of the national agenda of Domestic Revenue Mobilisation. This project comes shortly after URA revealed a registration of a growth in revenue and tax to GDP ratio, the highest growth registered in the […]
The Uganda Revenue Authority (URA) has registered a growth in revenue and tax to GDP ratio, the highest growth registered in the last four years according to the revenue performance report. In the FY 2020/21, URA collected net revenue of UGX 19,263.00 billion and posted growth in revenue of 14.99% in comparison to the FY […]