Business

Jinja, Uganda  | THE INDEPENDENT |  Kakira Sugar Works is underfire from sugarcane farmers from Busoga Sub region for allegedly issuing supplier permits to politicians at their expense. According to the farmers, the factory reduced their supplier permits from 1000 in January 2019 to 400 by December last year. The farmers …

Beer maker, Uganda Breweries Limited has promised to partner with several private sector companies to plant trees as an avenue to mitigate the negative effects of climate change. Kampala, Uganda | JULIUS BUSINGE | Speaking during the 330-km long awareness relay Marathon from Kampala to Gulu, in a tree campaign …

A big opportunity for Uganda, African economies Kampala, Uganda | JULIUS BUSINGE | Tourism players from across Africa gathered at Speke Resort Munyonyo located approximately 20 kilometers southeast of Kampala City starting Feb.4-6 to discuss the industry’s future prospects. This was the 5th Pearl of Africa Tourism Expo (POATE) organized …

Statistics from UTB shows that tourism number have grown from 1.27 million to 1.5 million over the last five years Kampala, Uganda | PATRICIA AKANKWATSA | Uganda Airlines and Uganda Tourism Board signed a memorandum of understanding to combine their efforts to promote the tourism potential of Brand Destination Uganda …

Uganda discovered oil in 2006 but disagreements between the government and oil companies have stalled its development Kampala, Uganda | ISAAC KHISA | Uganda National Oil Company (UNOC) plans to invest $840million in joint infrastructure projects in the country’s oil and gas sector, said its Chief Executive Officer, Proscovia Nabbanja. …

  Kampala, Uganda | THE INDEPENDENT | The government has started mobilizing farmers and companies to supply maize grain to Zimbabwe, in response to a request by Zimbabwean President Emmerson Mnangagwa. The move is aimed at averting hunger due to drought and economic challenges in Zimbabwe, once a breadbasket for …

  Kampala, Uganda | JULIUS BUSINGE | Standard Chartered Bank Uganda has today (Feb.18) organized a Manufacturers’ Business Forum for over 150 manufacturers and various stakeholders at Hotel Mestil in Kampala. The aim was to provide a platform for market players to network, share forward-looking insights and best practices, according …

Kampala, Uganda | JULIUS BUSINGE | Stanbic Bank Uganda has launched a campaign dubbed ‘unbeatable loans’ aimed at creating awareness about the various financing solutions currently available. The campaign launched a few days ago will run until the end of May 2020, showcasing the bank’s unbeatable range of products that …

Taxman to capitalize on new revenue collection initiatives to achieve better results going ahead Kampala, Uganda | JULIUS BUSINGE | Doris Akol, the Commissioner General at the Uganda Revenue Authority and her team have recently been in the news over failure to hit the revenue target. This is happening amidst …

Tokyo, Japan | AFP | Japan has suffered its worst quarterly GDP contraction in more than five years, with a tax hike and a deadly typhoon taking a toll on the world’s third-largest economy. The nation’s gross domestic product in the three months to December shrank 1.6 percent from the …