By Haggai Matsiko Making resource rich regions become food poor Deep in Bukuya Sub County in Mubende district, a gold-mining company, AUC Mining Ltd owned by the British and some influential Ugandans, evicted about 400 peasants. At the gate to the mining company, one finds not ordinary security guards but …
Read More »Uganda signs agreement with water investors
By Sarah Namulondo Uganda has selected IBM and Water fund to bench mark infrastructural development in the water sector in an agreement signed between the ministry of water and environment and Waterfund and IBM on May 23. This agreement makes Uganda the first African country to become a member of …
Read More »Minister urges investors to support entrepreneurs
By Julius Businge The State minister for State Minister for Finance (Investments) Aston Kajara has asked investors in Uganda to support young entrepreneurs in boosting their businesses so as to improve on their welfare. Kajara was speaking at a graduation ceremony of over 500 entrepreneurs trained by Warid telecom in …
Read More »Uganda attracts more Indian investors
By Julius Businge The Uganda government has promised tangible support to the Indian community eying Uganda as their immediate investment destination, Amelia Kyambadde the Trade and industry minister said. Speaking to the Confederation of Indian Industry and the members of the visiting Indian delegation in Kampala on Oct. 16, the …
Read More »Museveni, investors fight over refinery
By Haggai Matsiko Oil firms fear bankruptcy as President goes for biggest refinery in the region In October 2011, President Yoweri Museveni urged members of his ruling party to resist ferociously those “parasites who want to give away this resource (oil) for a morsel of food”. He was making a …
Read More »Indian and Chinese investors making a play for Africa
By Matthew Reed As the great and good of the mobile industry browsed the exhibits at the Mobile World Congress trade show in Barcelona this week, they may have overlooked a couple of watershed moments in emerging-market telecoms. In the past week, Indian and Chinese investors have unveiled plans for …
Read More »Are investors missing out on sub-Sahara Africa?
By Alonzo Fulgham Africa’s improvements have created thriving markets. US firms should enter this last great investment frontier. Normally, by the time an investment tip makes its way into a newspaper, conventional wisdom says the money is already off the table. Not so in the case of sub-Saharan Africa. American …
Read More »Foreign investors good but domestic financiers better
By Joseph Were Uganda, according to a United Nations report launched in Kampala last week, has grown the highest foreign direct investments in the East African region between 2006 and 2008. According to the World Investment Report (WIR) 2009 compiled by the United Nations Conference on Trade and Developed (UNCTD), …
Read More »We need a policy on fake investors
By Patrick Kagenda You have been accused of running down the chamber. What is happening? That is not true. If anything I have done a lot to make the chamber an established institution. I found the chamber being run without functional structures, affiliated to the National Enterprises Corporation (NEC) and …
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