Tag Archives: Business

Currently, Africa has about six agribusiness incubators, two of which are in Uganda At just 27, Sam Turyatunga is the proprietor of Tursam Investments Ltd, the producers of Uhuru branded juices. In 2015, he was producing 15,000 litres of juice and had a turnover of $5,000 (Shs 17 million) per …

Pepsi cuts retail prices on plastic bottle by Shs 200 but rivals still reluctant to play ball On May 04, 2016 Crown Beverages, the bottlers of Pepsi Cola products, announced a reduction on their retail price for Mirinda, Mountain Dew, Pepsi Cola, and Evervess Tonic brands. The price reduction of …

Uganda and South Korea have signed a Memorandum of Understating in 10 areas of interest to the two nations. This was after President Yoweri Museveni officially welcomed the President of South Korea Park Geun-hye for her first state visit to Uganda. The ten areas of cooperation are; policy consultation (foreign …

Top bosses warn government on illicit tobacco, which accounts for 20% of market By Patrick Kagenda In recent years, shareholders of British American Tobacco Uganda (BATU) have come to always look forward to the first two weeks of May, the period when the company has traditionally held its annual general …

Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by the Uganda Revenue Authority (URA), was expected to pit the business …

80% of economy is informal, only 20% of businesses pay taxes Unlike the others that came before it, this year’s Open Minds Forum was a heated and impassioned event. Held under the theme: “Informal sector; an invisible force with visible impact,” the May 05 public forum in Kampala, organised by …

Last year, the government revised the current budget from Shs 18.3 trillion to Shs 23.9 trillion citing the upcoming general elections, which it was claimed required more funding.  The national budget that will be presented next month will be worth a record Shs 26.3 trillion, an increase of 9%. What …

The long awaited 5th African Airlines Association Stakeholders Convention was launched Saturday night at the Kigali Serena Hotel  and Conference Centre with an informal get together cocktail party, allowing old friends from across the continent’s aviation and related businesses to meet and share updates from their lives and from their …

Jinja project starts as Fund gets set to invest Shs 578 bn in 2016 On April 20, the National Social Security Fund (NSSF) held a groundbreaking ceremony for the construction of an ultra-modern commercial building in Jinja town, an event that officially kick starts the Fund’s ambitious agenda to invest …

COMMENT: By Andrew Rugasira The Chamber can begin my providing reliable empirical data that can better inform government policy and execution U.S. President Harry Truman famously asked to be sent a “one-armed economist” when exasperated by economists constantly proclaiming “on the one hand” and “on the other hand”. Fortunately, such …