BoU’s Mutebile leads call for export driven policy instead Amelia Kyambadde, the Minister for Trade, Industry and Cooperatives, has had a tough time selling her flagship policy plank, the `Buy Uganda Build Uganda’ (BUBU). But the latest criticism against the policy came from the most unexpected voice; that of the …
Read More »World Bank boss visits Rwanda
US$57 billion financing for sub-Saharan Africa promises to boost business Doing business in Rwanda is expected to improve with the visit of World Bank’s President Jim Yong Kim. Kim arrived in Kigali on March 21 for a two-day visit and held discussions with President Paul Kagame and the private sector …
Read More »How to get more Ugandans buy insurance
Insurance regulator, experts share views at high profile meeting in Kampala How do you convince more Ugandans to buy insurance? That was the main issue discussed during a breakfast meeting for the country’s insurance firms held at Kampala Serena Hotel on Feb.23. The Chief Executive Officer of the Insurance Regulatory …
Read More »Kampala hotels most expensive in East Africa
Expensive hotels: Top operators offer solutions to trend threatening tourism sector Build more high-end hotels and attract more international hotel chains to create competition and lower rates. Those are some of the views of experts in Uganda’s hotel sector about the high costs of hotel accommodation in Uganda which they …
Read More »Fight looms over takeover of UTL
Libyans vow to take on Uganda after `quitting’ It is not clear what the Uganda government’s plan is since it announced that the Libyan owners of Uganda Telecom Ltd (UTL) have quit, but the move might get dirty if the Libyans instead implement a fight for the company. The government …
Read More »High expectations in coffee sector
Good prices, increasing production excite UCDA A coffee replanting initiative, which started nearly five years ago, is expected to boost the country’s crop volumes starting this year. “We are seeing an increase in the coffee export volumes this year as the crops we started planting more than three years ago …
Read More »UTL needs Shs 170.8bn in new turnaround strategy
Faisel Gergab, is chairman of the Libyan Post, Telecommunication and Information Technology Holding Company (LPTIC) that owns 69% stake in UTL. He spoke to The Independent’s Isaac Khisa on the issues surrounding the company’s poor performance and its future outlook, just before government took over its management. How do you …
Read More »Nakumatt gets Shs280bn cash injection
Retail chain finalises plans to pay suppliers debts, revamp outlets Finally, there is good news at the outlets of Nakumatt Holdings in Uganda following an announcement by Atul Shah, the group managing director, that it was getting a US$75 million (Approx. Shs282.4 billion) capital injection. Shah said in a …
Read More »Trade ministry, local governments fight over alcohol law
Proponents of the law say it will ensure a healthy and productive population Uganda’s trader ministry and the Gulu District Local Government are at loggerheads over the latter’s decision to pass an ordinance restricting the sale and consumption of alcohol. Gulu District Councilors enforced an Alcohol Control Ordinance starting last …
Read More »Madhvani Group acquires Kigali’s Umubano Hotel
The new investor will renovate the facility to tap into growing country’s tourism sector Rwanda’s hospitality industry has received a major boost after Uganda’s Madhvani Group acquired Umubano Hotel, ending a long-running delay that was hurting the credibility of this facility as well as tourism prospects. The 4- star facility …
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