Tag: charles bwogi
On Thursday, the World Bank approved a $130 million grant to Uganda for road infrastructure in the West Nile sub-region.
As the country prepares to open its skies, Uganda Airlines has developed routes in Africa and is set to join other airlines in the intercontinental market by December this year. Moreover, the country has put in plans to boost border infrastructure for stronger regional trade. Economic Analyst Charles Bwogi spoke with CNBC Africa for more.
Uganda started her new fiscal year last month and it was notable that the country’s finance minister’s budget reading had not taken the economic shortfalls from COVID-19 into account, but having faced lock-downs and economic hits, how is the East African Community member state planning on recovering? Economic Analyst, Charles Bwogi joins CNBC Africa for more.
Since the government came up with the directive forcing all its telecom operators to list a fifth of their shares on the Uganda Securities Exchange to allow locals to benefit from the sector’s profits, the country has now opened a window for East Africans to buy shares in MTN Uganda when the telecom operator sells it 20 per cent equity stake on the local bourse. Moreover, the bourse targets to double the number of investors opening Securities Central Depository Accounts. Analyst Charles Bwogi joins CNBC Africa for more.
In Uganda, the 3rd National Development Plan was tabled before Parliament in January 2020 by the Minister of State for Planning, a move that was supposed to inform the processing and approval of the budgets for the next five years starting with 2020/2021 financial year. Analyst, Charles Bwogi joins CNBC Africa for more.
The Bank of Uganda has reduced its key interest rate by one percentage point to 8 per cent in efforts to mitigate the effects of the COVID-19 pandemic. Analyst Charles Bwogi joins CNBC Africa to discuss movements shaping the Ugandan market.
Uganda Stock Exchange has dropped 60 per cent in February and in other news, MTN has agreed to a $100 million USD in taxation and listing 20 per cent of its shares on the Uganda Stock Exchange. This is part of the discussion for it to be issued a 14 year long-term operation license. Analyst, Charles Bwogi joins CNBC Africa for more on Uganda’s market.
In what appears to be an escalation of trade spats between Kenya and Uganda, Kenya has stopped another Uganda company from exporting milk. Also, Zimbabwe has expressed interest in buying Ugandan maize. Analyst, Charles Bwogi joins CNBC Africa for more.