Before the outbreak two years ago, Uganda’s tourism sector was earning the country 1.2 billion dollars or about 3.7 trillion shillings in 2019, from 1.6 million visitors. Income from foreign tourists accounted for more than 60 percent of these totals.
“We are prioritizing global visibility of our Government securities and therefore primary dealers need to comply with the obligation to post two-way prices at all times during trading hours,” says BOU Deputy Governor Atingi-Ego.
“They are considered to have little or practically no risk attached to them (risk free investment). You will definitely get your principle and interest payments. You’re guaranteed a certain rate of return on your investment,” says Housing Finance Bank.
Sunday Etrima Olishe the Chief Executive Officer of Development Infrastructure, the Developer and Supervisor of the stadium construction, says that the works are now at 93-percent and the project will be ready through phased opening to the public by March 1.
The investments on the list include 60 billion Shillings to capitalize two road construction companies,10 billion Shillings for a Cocoa processing plant in Bundibugyo, another 10 billion for the Masaka fruit factory and, 21.9 billion Shillings for the expansion of buildings as well as procurement of the Orange Line for the Soroti fruit factory.
Before the exit, also known as Brexit, airlines operating flights to the UK and other EU countries would apply for certificates from the European Aviation Safety Agency-EASA. But after Brexit, new Airlines must apply for a Country Operator's Permit from the UK, a process that takes longer compared to the EU timelines.