Tag Archives: Business

Inside the Shs1 trillion rescue plan for loan stressed companies On July 9, President Yoweri Museveni summoned top officials from the Ministry of Finance, the Central Bank and Uganda Revenue Authority (URA) for a meeting at State House, Entebbe. Amongst those who attended what has been described as a high …

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 …

Fatma Abubakar is the DHL Uganda country manager. She spoke to Flavia Nassaka about the performance of the logistics and shipping industry. What are the key elements in your management style as a manager? I don’t lock my door; I believe in an open-door management style. I believe in people …

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 …

Maputo, Mozambique | AFP | Indian Prime Minister Narendra Modi on Thursday kicked off a four-nation tour of Africa, vowing to be “a trusted friend” of Mozambique after talks with President Filipe Nyusi in Maputo. Modi set the tone for his continental visit by announcing a raft of cooperation agreements …

The UK is the 9th largest export economy in the world. In 2014, it exported $472 billion and imported $663 billion. The top exports of the UK are cars, gold, crude petroleum, refined petroleum and packaged medicaments. Uganda is not among the UK’s to export destinations which are the United …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …

Uganda must comply with new stringent quality standards set by Sudan, the country’s second largest importer of coffee, or else risk having her coffee blocked from the lucrative market. A high profile delegation comprising Trade ministry, UCDA and UNBS officials was in the Sudanese capital Khartoum recently on the invitation …

Government, analysts search for elusive answers over declining exports, rising imports About 700 trucks enter Uganda daily from Mombasa Port in Kenya, loaded with all types of goods. However, most of them go back empty for lack of exports, a situation that makes transport costs rather prohibitive for Ugandan importers. …

Gloria Wavamunno is a fashion designer and brain behind Kampala Fashion Week. She spoke to Agnes E Nantaba about her evolved business mind in the fashion industry. As a young girl, Gloria Wavamunno was very shy and that drew her closer to her mother. It partly explains why she also …