BOU, ACI move to work with Refinitiv, further cements Uganda’s efforts to attract long-term foreign direct investments Johannesburg, South Africa | THE INDEPENDENT | Refinitiv, the Central Bank of Uganda BOU, and the ACI Financial Markets Association of Uganda have announced that they will be working together to strengthen Uganda’s trade …
Read More »Vivo’s move to end road carnage
Fuel distributor Vivo Energy Uganda is optimistic that road carnage in Uganda can reduce once all players cooperate. Kampala, Uganda | JULIUS BUSINGE | Speaking at the second Road Safety Summit held at Sheraton Hotel in Kampala on July 23, Gilbert Assi, the company’s managing director said that their overall …
Read More »Solving UTL puzzle
Experts say Bemanya should stay but government should focus on recapitalising the telecom firm Kampala, Uganda | JULIUS BUSINGE | Debts, poor corporate governance, fights, politics and ageing infrastructure have taken centre stage in debates surrounding Uganda Telecom Limited. Bemanya Twebaze, a Ugandan lawyer and corporate executive, who has …
Read More »Huawei says revenue surges despite US sanctions
Shenzhen, China | AFP | Huawei’s sales unexpectedly rose in the first half of the year, company figures showed Tuesday, as executives admitted US sanctions would bring further challenges in the coming months. The Chinese tech giant has been under immense pressure this year as Washington has lobbied allies worldwide to …
Read More »We will use our staff to maintain power dams -UEGCL
The Uganda Electricity Generation Company Limited in partnership with government and development partners is working to train all its 100 staff in the Operation and Maintenance Unit to be able to run the power dams. Kampala, Uganda | JULIUS BUSINGE | These dams in question include; the newly commissioned 183MW …
Read More »Controversy over National Coffee Bill
Proposed law alone is not a solution to the challenges facing the coffee industry Kampala, Uganda | PATRICIA AKANKWATSA | One of Uganda’s favourite crop, coffee, could soon be heavily regulated as the government takes a step to amend the existing law. The proposed law, National Coffee Bill, 2018, seeks …
Read More »Uganda Airlines ready to take to the sky
Promotional RETURN fares to run for 2 months from August 28: ✳Nairobi Return $278 ✳Juba $225 ✳Mogadishu $590 ✳Dar $ 286 ✳Bujumbura $292 ✳Mombasa $325 ✳Kilimanjaro $311 💠All inclusive of taxes Kampala, Uganda | THE INDEPENDENT | The Uganda Airlines board today received their Air Operator’s Certificate (AOC) secured last …
Read More »De-risking investment in the agriculture sector
Insurance could unlock finance in agribusiness; boost farmer’s productivity and incomes Kampala, Uganda | ISAAC KHISA | Christopher Elema, 40, a maize farmer in Kiryandongo District, located 225kms, north-west of Kampala, was in February this year paid Shs6.5million as compensation for his failed crop yields. He had planted 40 acres …
Read More »COMESA to hold climate change meeting in Zimbabwe
Kampala, Uganda | JULIUS BUSINGE | The Common Market for Eastern and Southern Africa secretariat will hold a two-day training workshop to build capacity for member states in what it is calling ‘target indicator tracking and implementation’ of the Transparency Clause of the 2015 Paris Agreement on Climate Change, …
Read More »Uganda softens stance on investing in National Parks
New investors commit Shs228bn to build lodges in the country’s conservancies Kampala, Uganda | RONALD MUSOKE | The Ugandan government is expected to sign several concession agreements with new investors next month seeking to build top of the range lodging facilities in five national parks. The new development is a …
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