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Tag Archives: Uganda

Fine Spinners take over struggling Phoenix Logistics

Fine Spinners (Uganda) Limited has taken over management and assets of Phoenix Logistics in a move government says will revamp the operations of the factory. The State Minister for Micro Finance Haruna Kyeyune Kasolo  said garments company Phoenix Logistics has been running at a sub optimal level and needs to improve …

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ARTS: Different But One 21

Innovation through collaboration  By Dominic Muwanguzi An exhibition by Makerere Art lecturers is bound to evoke excitement – after all these are the elite of the modern and contemporary art scene in Uganda.  However, the excitement goes a notch higher when it is the annual `Different But One’ exhibition now …

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BUSINESS: Declining interest rates

Bank managers explain recent cuts to 20% average   Effective this month most commercial banks started charging lower interest rates on flexible existing and new loans with analysis indicating about 20% is the new average industry rate compared to around 23% a period before. The move is expected to boost uptake …

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VIDEO: NRM caucus retreat called off because of budget

VIDEO: The NRM Parliamentary caucus meeting that was due this week at Kyankwanzi has been called off on the request of Speaker Rebecca Kadaga. NRM caucus vice Chairperson in Parliament Solomon Silwany confirms that the speaker cited the pending business in The House that needs the presence of all legislators. The …

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VIDEO: A section of DP wants Mao out

VIDEO: A section of Democratic Party leaders are calling for the resignation of Party President General Norbert Mao. The leaders accuse Mao of failing the Party and using it for his personal gain. This comes days after the party summoned party members who split away and either formed their own political parties …

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