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Parliament, Ministry of Finance clash over budget

It was a confrontational scene in parliament as MPs reacted angrily to officials from Ministry of Finance who refused to incorporate proposals and recommendations made by MPs on the budgeting process. Members of the Budget Committee led by Chairman Amos Lugoloobi lashed out at the officials who included Minister of …

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Kyambadde vouches for Chinese on petty trade

Minister for Trade and Industry Amelia Kyambadde has backed Chinese businessman in the country who are under fire for being involved in petty trade. Kyambadde told MPs there is no provision in the law excluding foreigners from carrying out trade in the country. She told the parliamentary committee on trade …

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‘There is no law barring foreigners from petty business’

Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said cabinet has constituted a sub-committee to look into and address the fact that there is no law that prevents foreigners from engaging in petty trade in Uganda. The sub-committee has finalized its main task which was to come up with a national policy …

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Coca-Cola to cut 1,200 jobs

New York, United States | AFP | Coca-Cola plans to cut 1,200 jobs as it deepens its cost-cutting initiatives in response to sluggish soda sales, the company said Tuesday. The maker of Sprite and Fanta announced the job cuts as it reported lower second-quarter profits due to restructuring costs and flat …

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Coca-Cola profits fall as it adds new non-soda low-sugar beverages

.@MuhtarKent says Q1 “in line with plan”; $KO on track to deliver underlying revenue, profit targets for full year — The Coca-Cola Co. (@CocaColaCo) April 25, 2017 New York, United States | AFP | Coca-Cola reported lower earnings Tuesday on restructuring costs and flat volumes as it touts new …

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