Daily Monitor
Saturday January 23 2021
Summary
UDB has been at forefront of advancing cheap capital to businesses in which government is seeking to revitalise the economy that has suffered due to Covid-19.
Advertisement
Uganda Development Bank disbursed Shs242b to vital sectors of the economy in 2020 seeking to support economic recovery and long term development.
At least Shs192b was disbursed to support primary agriculture, agro-industrialisation and manufacturing, which, UDB said, is consistent with the need to accelerate socio-economic development through sustainable financial interventions.
Shs162b was disbursed to projects outside Kampala Metropolitan Area, while Shs351b worth of approved projects is yet to be disbursed.
E-commerce firms count losses over Uganda internet shutdown on polls day
Monday January 18 2021
A group of ride-hailing Safe Boda riders in Kampala. E-commerce firms are counting losses over Uganda internet shutdown on polls day. FILE PHOTO | COURTESY
Summary
Companies are saying they are staring at spiraling negative effects following days of no operations.
Players say they expected the government to disable only social media platforms as was the case in 2016, but a total Internet shutdown was not anticipated.
Advertisement
The order left companies that rely on Internet connectivity to do business counting losses.
The government is yet to announce when the shutdown will end, but companies are saying they are staring at spiraling negative effects following days of no operations.