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Huawei launches its 'Non-Stop Banking' initiative that calls for collaboration between the ICT and banking industries to facilitate a digital future. ....
Stakeholder Meeting on Debt Relief, Restructuring and Domestic Resource Mobilisation Details / Hits: 317 The spread of COVID-19 realities have far-reaching implications. In the case of Uganda, Covid 19 infections currently stand at just above 40,000 out of a population of 44 million people – but its economic aftermath will be long-lasting. The country has already projected a revenue shortfall of 3 trillion Ugandan shillings [1]. Most shocking is that 97 per cent of the country’s domestic revenues for the next financial year 2021/22 will be spent on debt servicing. [2] This is according to the budget framework paper that has been approved by the parliament for the next financial year. With public debt projected to increase in the next few years, debt levels and the subsequent costs to service them are becoming worrying. Worth noting is that debt servicing has remained a key challenge amidst the current cris ....