News and opinion on public works procurement
Uganda’s President Yoweri Kaguta Museveni in his address to the nation last night announced a nationwide lockdown for the next two weeks as the country battles the covid19 pandemic. Uganda last week banned public transport and sealed its borders and urged the population to stay home, but stopped short of a full shutdown. Museveni said that […]
The Ugandan government recently reached an agreement with Hussain bin Jassim Al-Nowais, head of Amea Power, an independent power producer (IPP) based in the United Arab Emirates. The IPP wants to build four solar and wind farms in two regions in Uganda. New renewable energy projects will be implemented in Uganda. It is the promise […]
The Central Bank has in less than a fortnight injected about $200m (Shs780b) as it seeks to shield the shilling from depreciation. The shilling has for about two weeks experienced a lot of volatility mainly because of speculation and panic buying resulting from the Covid-19 distress. The unit, which had been largely stable for over […]
Several Kenya and Uganda-bound trucks and fuel tankers are stuck at the Busia-Kenya border after foreigners, especially Ugandan drivers, were stopped from crossing into Kenya. Most of Uganda’s fuel is transported through Kenya; so the closure of the border over coronavirus threatens to hurt exports and fuel supplies. Uganda is a landlocked country and depends […]
Uganda’s currency is on a rapid fall as demand for the dollar rises to unprecedented levels. By close of business yesterday, the Uganda shilling was trading in the regions of 3,900 and threatens to hit the 4,000 mark before the close of the week as Covid-19 takes a toll on economies globally. Explaining the rapid […]
Uganda has lost more than Shs130 billion between February and March because offshore investors, who have been investing in Uganda securities stopped, Bank of Uganda (BoU) has said. Officials from Bank of Uganda say a number of investors exited Uganda’s economy, making investments in government securities decline. They also say the global value chains are […]
Uganda sees economic growth slowing to 5.2% to 5.7% in 2019-20 from an earlier forecast of 6% depending on the severity of the impact coronavirus pandemic, the Finance Ministry said. While Uganda is yet to detect any cases of the virus, expansion in the 12 months through June will be hurt by global travel restrictions […]
The Civil Aviation Authority (CAA) Uganda has suspended travels for passengers coming from 12 countries as the country steps up the prevention measures against coronavirus. In a circular statement issued bearing the name of professor David M. Kakuba director-general Uganda Civil Aviation Authority, UCAA management said, following the outbreak of Coronavirus (COVID-19) and the declaration […]
The government of Uganda is seeking $267 million for the Kampala-Jinja expressway project. The money is to be obtained from the African Development Bank and the French Agency for Development. The loan request was presented by Mr. David Bahati, the State Minister for Planning. Both loans have a grace period of eight years and 25 […]
The European Union (EU) is set to invest some Shs 2.7 trillion (about €646 million) in Uganda in the next five years. This was revealed by the European Union head of delegation to Uganda, Ambassador Attilio Pacific on Tuesday at the first Uganda-Europe Business Forum. Ambassador Pacifici told President Yoweri Museveni that the EU is […]