Business

Kampala, Uganda  | THE INDEPENDENT |  A Chinese company Power China International Group Limited has submitted an application to construct the 840 Mega Watts Ayago hydropower plant on River Nile.   According to the Uganda Gazette this week, the company seeks a license for generation and sale of electricity from Ayago dam …

Soroti, Uganda  | THE INDEPENDENT |  Construction of a processing and storage facility has started in Soroti Municipality.  The Shillings 18 billion project comes just months to the completion of Soroti Central Market under the Market and Agricultural Trade Improvement Program Project-2 MATIP-2. The new project is co-funded by the African …

Abuja, Nigeria | AFP |  South African mobile giant MTN has said it will make investments worth $1.6 billion (1.45 billion euros) in Nigeria as it seeks to put a series of legal wrangles to bed. The telecommunications firm said late Wednesday that its top executives made the announcement during …

  Gulu, Uganda | THE INDEPENDENT | The sale of  10,000 acres of land in Amuru district for the establishment of Madhvani sugar factory is at the centre of a fight between Kilak North MP Anthony Akol and Aruu MP Odonga Otto. MPs Otto and Akol fought physically in the …

Key development strategies of NDPlll ▪Agro-industrialization ▪Fasttrack Oil, Gas, Mineral based industrialisation ▪Export promotion ▪Promotion of local manufacturing ▪Harness tourism potential ▪Increase local content participation ▪Increase access to Energy ▪Enhance skills and vocational development ▪Increase access to social protection ▪Promote development-oriented mindset ▪Increase resource mobilization ▪Re-engineer public service to promote …

The company plans to rely on innovation to come up with new products Kampala, Uganda | JULIUS BUSINGE | Uganda Clays Limited, a clay building materials manufacturer located at Kajjansi, approximately 20kilometres from Kampala City Centre, along Entebbe Road, celebrated its 20 years of trading at the Nakawa based bourse …

This development will stir competition in the country’s retail business Kampala, Uganda | ISAAC KHISA | Carrefour franchisee in the Middle East, Asia and Africa, Majid Al-Futtaim, has opened a store in Kampala, stepping up competition for shoppers in the country’s lucrative and less developed retail chain industry. Majid Al-Futtaim, …

Contractor, Ministry of Energy say it will be ready in November 2020 Kampala, Uganda | JULIUS BUSINGE | The commissioning of the 600MW Karuma Hydropower Dam has again been extended to November 2020 to allow the contractor deliver a fit for purpose project. This is the third time that Karuma …

Luweero, Uganda  | THE INDEPENDENT |  Farmers and local leaders in Luweero district have asked Uganda Coffee Development Authority to distributing coffee seedlings and prioritise other farm inputs so as to boost production. This follows a value for money audit report on production and productivity of the coffee sub sector for …

Kampala, Uganda | THE INDEPENDENT  |  The Central Bank Governor, Prof.  Emmanuel Tumusiime Mutebile is expected to appear before the Budget Committee of parliament today to explain their persistent requests for recapitalisation. The central bank has been pushing for recapitalisation for the past three financial years.  According to the 202/2021 financial year …