Sunday , September 25 2022
Home / Business (page 470)

Business

Business news

SHs5000: Uganda sets maximum price for sugar

Uganda sets sh5,000 as maximum price for sugar; trade licences of hoarders to be revoked Government has intervened to control the escalating price of sugar in Uganda by setting a ceiling price of sh5,000. Addressing a press conference on Friday, Minister of Trade, Industry and Cooperatives Amelia Kyambadde directed that sugar be …

Read More »

UMEME blames power outages on climate change at AGM

Uganda power distributor Umeme Limited has attributed the constant power outages that leave hundreds of Ugandans in the dark to global warming. During a stakeholders’ Annual General Meeting (AGM) at Sheraton Hotel on Thursday, Chairman Board of Directors Patrick Bitature said the national electricity grid could not handle increasingly stronger …

Read More »

Uganda hosts World Customs Organisation ESA meeting

Representatives from 24 countries of the World Customs Organisation (WCO) of East and Southern Africa are in Uganda to participate in a two-day 22nd governance council meeting that is discussing tax matters. The Ministry of Finance, Planning and Economic Development and the Uganda Revenue Authority are taking the lead in this …

Read More »

Uganda Telecom top managers fired

Top management at Uganda’s oldest telecom company UTL has been sacked to pave way for investigations into the company operations. In an interview with The Independent, Evelyn Anite, the state minister of finance for investment and privatization confirmed Uganda Telecom Ltd (UTL) has been put under provisional administration for one month (from …

Read More »

Italian giants Eni to build oil refinery in Nigeria

Abuja, Nigeria | AFP |  Italian oil group Eni’s Nigerian subsidiary Agip is planning a 150,000-barrel per day refinery as part of efforts to reduce imports, junior oil minister Emmanuel Ibe Kachikwu said. Kachikwu met representatives from Eni and said agreement had been reached to build the facility in the …

Read More »