Martin Luther Oketch

1 day ago | monitor.co.ug | Martin Luther Oketch

What you need to know:President Museveni urges anti-corruption, digital tax reforms to boost revenue. President Museveni on June 5 outlined ten key areas to tackle in the coming financial year aimed at improving Uganda’s political stability, governance, and economic growth. Delivering his State of the Nation address at Kololo Ceremonial Grounds, Museveni reflected on the country’s progress since 1986, when over 90% of Ugandans relied on subsistence farming.

3 days ago | monitor.co.ug | Martin Luther Oketch

Fifty companies dealing in the automotive industry have organised a mega show codenamed the “Auto Show Kampala,” in which they would showcase the latest automotive technology and trends-influencing public perception and shaping the automotive landscape.

4 days ago | monitor.co.ug | Martin Luther Oketch

What you need to know:By early 2025, Uganda’s mobile phone subscriptions stood at 38.6 million, with feature phones leading at 26.7 million, followed by smartphones at 18.2 million, according to Uganda Communications Commission’s annual report 2024. This indicates that feature phones still outstrip smartphones by approximately 8.5 million subscriptions, showing the continued dominance of feature phones in Uganda’s mobile landscape.

1 week ago | monitor.co.ug | Martin Luther Oketch

What you need to know:The Uganda shilling has, in the last two months,  had the slowest rate of depreciation across East Africa Across East Africa, currencies have remained volatile, recording gains and depreciations at different intervals. However, the Uganda shilling remains an island in a sea of unstable regional currencies that have, in the last two months, registered slight growth in volatility.

2 weeks ago | monitor.co.ug | Martin Luther Oketch

What you need to know:QCIL's management is optimistic that this investment will not only increase production capacity for existing products but also enable the company to expand into new therapeutic area Quality Chemical Industries Limited (QCIL) has secured a $36 million debt facility from Stanbic Bank Uganda to construct a second manufacturing facility. This new facility will significantly boost QCIL's production capacity for medicines needed in Uganda and other African countries.