Rising Public Debt Stifling EA Countries Development Budgets

[Monitor] The East African region has sustained an average growth rate in excess of 6 per cent between 2012 and 2017, which is more than double the global average. Although there are prospects for continued economic growth ascribed to improved investme…

[Monitor] The East African region has sustained an average growth rate in excess of 6 per cent between 2012 and 2017, which is more than double the global average. Although there are prospects for continued economic growth ascribed to improved investments in infrastructure, debt-related increased public expenditure is increasingly stressing budgets of East African economies.

source: AllAfrica News: Uganda

Taxes Choke the Hotel Sector – Association

[Monitor] Multiple taxes have slowed growth in the hotel industry, threatening the survival of a number of facilities, especially in upcountry locations, the chairperson of Uganda Hotel Owners’ Association has said.

[Monitor] Multiple taxes have slowed growth in the hotel industry, threatening the survival of a number of facilities, especially in upcountry locations, the chairperson of Uganda Hotel Owners' Association has said.

source: AllAfrica News: Uganda

Shareholders Approve Name Change to Absa Group Limited

[Monitor] Kampala -Barclays Africa Group Ltd shareholders today approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.

[Monitor] Kampala -Barclays Africa Group Ltd shareholders today approved that the group changes its name to Absa Group Limited in July, setting in motion the start of one of the largest re-brand projects in Africa at this time.

source: AllAfrica News: Uganda

Ochola, Minister Obiga Quizzed Over Killings and Kidnaps

[Monitor] Parliament -The Minister of State for Internal Affairs Mario Obiga Kania and the Inspector General of Police, Martins Okoth-Ochola have failed to provide answers on the recent spate of killings and kidnaps in the country.

[Monitor] Parliament -The Minister of State for Internal Affairs Mario Obiga Kania and the Inspector General of Police, Martins Okoth-Ochola have failed to provide answers on the recent spate of killings and kidnaps in the country.

source: AllAfrica News: Uganda