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Tag Archives: investments

UNCTAD calls for clean energy investments in LDCS

Kampala, Uganda | THE IDEPENDENT | The United Nations Conference on Trade and Development (UNCTAD) says developing countries need urgent support to enable them to attract more investment for their transition to clean energy. UNCTAD’s World Investment Report 2023 published this week shows that much of the growth in international investment …

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DPF’s assets increase by 15% to Shs1.15trillion

Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …

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Museveni calls for more European investments in the country

Kampala, Uganda | THE INDEPENDENT | The European Union has asked Uganda to speed up her preparations for a free trade deal saying that they are ready to open up the market on their side. Currently, Uganda exports goods to Europe under the Everything But Arms-EBA arrangement which is a duty-free …

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Karamoja leaders demand for investment in the region

Kampala, Uganda | THE INDEPENDENT | Leaders from the Karamoja region are mobilizing for increased investments in the area, as a way of solving the persistent problems experienced by local communities. In a meeting held in Kampala on Saturday under the theme; “the Karamoja Spotlight,” aimed at creating more awareness about …

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Budget committee queries UDC’s capitalization of private companies

Kampala, Uganda | THE INDEPENDENT | Members of the Budget Committee have asked the Committee of Tourism, Trade and Industry to examine the viability of investing Shs269 billion in several private enterprises through the Uganda Development Corporation (UDC). The trade committee chairperson, Mwine Mpaka, on Thursday 20 January 2022 presented his committee …

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Halt new Umeme investments: Energy Ministry

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has recommended the halting of new investments by energy distributor, Umeme ahead of the expiry of its 25year concession in 2025. The Minister of State for Energy, Sidronius Okaasai Opolot said this during a meeting with members of the …

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Oil and gas investments to total UGX 11 Trillion in 2022 – PAU

Kampala, Uganda | THE INDEPENDENT | Uganda is expected to attract investments worth 3 billion dollars (10.6 trillion shillings) this year in the oil and gas sector alone as developments towards production in 2025 proceed. According to the Petroleum Authority of Uganda, PAU, investments in the sector were worth 500 million …

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