Jinja, Uganda | THE INDEPENDENT | Zoning for sugar mills has outlived its importance to the economy due to the surplus cane, according to President, Yoweri Museveni. He said this while addressing cane farmers at Bugembe stadium in Jinja district on Wednesday. Under the old sugar policy, no sugar factory would …
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Kampala, Uganda | THE INDEPENDENT | The government has finalized with plans to buy shares worth 23 billion Shillings in Mabale tea factory in Kyenjojo district, according to Finance Minister Matia Kasaija. Mabale growers tea factory started in 1969, as a government-owned business, but collapsed during the Idi Amin regime. …
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Will government enterprises that failed under the 1990s inefficiency fare any better with current corruption? Kampala, Uganda | RONALD MUSOKE | When Uganda’s newly acquired two Bombardier CRJ900 aircraft arrived in the country on April 23, there was excitement. ‘Historic occasion,’ proclaimed the newspapers. Amidst the excitement, however, was some …
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Kampala, Uganda | THE INDEPENDENT | Parliament’s Budget Committee has recommended that the ownership of Uganda National Airlines Company Limited be transferred to Uganda Development Corporation-UDC. According to the Uganda Development Corporation Act 2016, UDC is the business arm of Government. The new recommendation is carried in a report to …
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UDB launches ambitious hunt for investor Kampala, Uganda | PATRICIA AKANKWATSA | A cool breeze and a pungent smell like rotten eggs is what welcome you to the shores of Lake Katwe. That is the hydrogen sulfide; a poisonous and corrosive gas that occurs naturally in the salt caves of …
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Soroti, Uganda | THE INDEPENDENT | Uganda Development Corporation (UDC) officials have been summoned to parliament to explain why the sh48billion Soroti fruit factory is yet to start operations, three years after it was built. During the plenary sitting of Parliament on 21 February 2019, Kumi County MP Charles Ilukor …
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Kampala, Uganda | GODFREY SSALI | The Uganda Development Corporation (UDC), the investment arm of government mandated to promote and facilitate industrial and economic development of the country, has finally got a first Board of Directors since its revival in 2008. The new board which will be chaired by Hamu Mugenyi, …
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20% decline in supply at Mombasa auction in first 10 weeks of 2017 pushes prices up Prices of tea at the Mombasa Auction, the world’s second largest selling centre have been high this selling season – at US$3 per kg in the first 10 weeks of 2017 compared to US$2 …
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COMMENT: By Michael Mugabira Problem is the group advocating protectionist zoning in production but free market pricing Currently, the local media is awash with stories depicting a sugar crisis in this country. Possible solutions being fronted by Ministry of Trade, Industry & Cooperatives (MTIC) in the forth-coming meeting is possibly …
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The Independent Uganda: You get the Truth we Pay the Price