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2 weeks ago | 
monitor.co.ug | Betty Ndagire
Uganda is uniquely positioned to strengthen its local pharmaceutical industry, especially in the realm of natural and herbal medicines, as many of the required plants and products are readily available. However, this potential remains largely untapped due to a range of challenges, including slow government support in stocking hospitals and a prevailing public perception that dismisses locally made products as ineffective.
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3 weeks ago | 
monitor.co.ug | Betty Ndagire
Government has announced several reforms that seek to prevent Uganda from regressing to the grey list. The reforms will focus on strengthening the legal framework and improving the supervision of financial institutions. On February 23, 2024, Uganda was removed from the grey list after fulfilling requirements that address money laundering risks within its banking system.
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1 month ago | 
monitor.co.ug | Betty Ndagire
What you need to know:The low registration rate is largely due to the challenges surrounding the high level of scrutiny required during the examination process for patents. Uganda registered only one patent in 2024, according to Uganda Registration Services Bureau (URSB) out of the 40 patents in total. High impact innovations, if patented, offer a good return on time, effort and money invested in developing the technology.
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1 month ago | 
monitor.co.ug | Betty Ndagire
Workers' representatives have raised concerns regarding gaps in the recently passed Public Pension Services Bill. They are calling for immediate amendments to address issues related to governance and the inclusion of references to non-existent organisations.
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1 month ago | 
monitor.co.ug | Betty Ndagire
Have you ever wondered what works better when deciding whether to hold your money in liquid cash or invest it in assets? Prosper Magazine conducted a mini-survey to understand what motivates people to choose one form over the other. The results reveal key factors influencing financial decisions, including security, growth potential, accessibility, and economic conditions.
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1 month ago | 
monitor.co.ug | Betty Ndagire
What you need to know:The treaty stipulates that no tariff measures should be introduced once a sector has been liberalised. KAMPALA. East African Community (EAC) member states must desist from focusing on national interests and adapt a regional mindset to fix the sticking Non-Tariff Barriers (NTB).
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1 month ago | 
monitor.co.ug | Betty Ndagire
To speed up Uganda’s leap into a knowledge-based economy, the Science, Technology, and Innovation (STI) Secretariat, has launched the Uganda Deep Tech Centre of Excellence in Namanve. This is in collaboration with Future Lab, the Research to Industry Centre of Excellence, the Uganda National Council of Science and Technology, and the National Science, Technology, Engineering, and Innovation Skills Enhancement Project (NSTEI-SEP).
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2 months ago | 
monitor.co.ug | Betty Ndagire
What you need to know:The goal is to create a rating system that better accounts for the realities of African economies. Players in the accounting ecosystem have endorsed the African leaders’ plan to establish a homegrown credit rating agency to help counter bias among existing global rating agencies that have long hindered the continent’s economic growth.
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2 months ago | 
monitor.co.ug | Betty Ndagire
Exports drive modern economies by providing broader markets for goods, making them essential to diplomacy and foreign policy. For Uganda, over 90 percent of exports come from plant and animal products, requiring specific documentation depending on the type of goods. According to Mr Morris Ogwech, manager of cargo and logistics services at Uganda Airlines, an airway bill is mandatory—acting as a cargo passport issued by the airline. Exporters need a packing list and a commercial invoice.
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2 months ago | 
monitor.co.ug | Betty Ndagire
What you need to know:UETCL is responsible for supplying electricity to local areas by creating a mix of power from various sources. This mix includes energy from independent power producers and large hydroelectric dams, so according to Mr Nyamutale UETCL with power from these Mini Hydro Power Dams, will ensure a steady and reliable supply of electricity to these regions. Three sub-counties in Mitooma district—Nyakizinga, Mutaka, and Rurehe—lack electricity, despite being home to mineral sites.
