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Tag Archives: investments

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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NSSF confident of performance of its investments

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has no plans to review its investment structure even when there are some companies whose shares are not doing well on the stock market. Some stocks across East Africa’s stock market have lost value since their initial public offer and …

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Why desired economic growth will be hard to achieve

Kampala, Uganda | THE INDEPENDENT | The recovery of the Ugandan economy to the desired levels will depend on many factors, most of them beyond the country’s control according to experts and the private sector. These factors include the rebound in the export sector, the developments in oil sector, the universal …

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Transparency in government projects is taking root – new report

Kampala, Uganda | Julius Businge | As the government continues to put much emphasis on investing in big infrastructure ventures, some members of the public have raised concerns about transparency right from procurement up to completion of projects. But a new report, the 4th of this nature, published on Feb.12 by …

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