Tuesday , May 24 2022
Home / Business (page 490)


Business news

Bad fuel on the market

Bad fuel concern: Dealers, UNBS clash over adulterated fuel standards If you are a motorist, chances are high that you’ve ever bought adulterated fuel unwittingly. Fuel adulteration involves the mixing of diesel or petrol with kerosene as dealers seek to take advantage of the lower price of kerosene to increase …

Read More »

Managing a Shs 180bn SACCO

Col. Simon Ocan is the chief executive of Wazalendo, the SACCO for the Uganda People’s Defense Forces (UPDF). He spoke to Flavia Nassaka about their operations and pertinent issues to the cooperative movement in the country. What are the key elements in your management style? In management, there are three …

Read More »

Bwebajja J & M Hotel auction date set

Barclays Bank has instructed Quickway Auctioneers and Court Bailiffs to auction J&M Airport Rd Hotel Apartments and Leisure Centre Ltd to recover a loan amounting to more than Sh 4.7 billion. A notice published on July 4 indicated that the property, sitting on approximately 30.5 acres, would be auctioned to …

Read More »

Elusive electricity

New report shows access to electricity has risen but complaints about poor service delivery persist The proportion of Ugandans who use paraffin for lighting has dropped dramatically from 84% in 2008 to 47% in 2015 while those using electricity have risen from 10% to 26% over the same period, according …

Read More »

Investment deficit in 2015

New report by BOU, UBOS shows decline in foreign direct investments, local sales revenues Uganda saw a decline of $40 million in foreign direct investments (FDI) in 2015, according to a survey conducted by Bank of Uganda in conjunction with the Uganda Bureau of Statistics, Private Sector Foundation Uganda, Uganda …

Read More »

MSMEs to spur middle income status

  Ministry of Trade, Industry and Cooperatives (MTIC) will provide more opportunities for small scale enterprises thru Micro Small Medium Enterprises (MSME) to achieve the 2040 middle income status. During the handover ceremony at Farmers’ House, Minister MTIC, Amelia Kyambadde communicated to Ministry officials that the ministry under the MSME …

Read More »