Business

Toshiba, Uganda sign geothermal power agreement as Japan announces plan to spend $30b on African energy When President Yoweri Museveni met a Japanese delegation led by Prime Minister Shinzo Abe in Nairobi August 28, he knew exactly what Uganda needed from Japan. At a brief meeting at the sixth Tokyo International …

Second-hand ban strategy: A peep into alternatives to banning importation of second-hand clothing Trade in second-hand clothing is big in Uganda. In markets and shops in most towns and villages, trade in second-hand clothes improves people’s access to clothing, supports livelihoods, and contributes to national and local government tax revenue. Now, …

  Ugandan clay products manufacturer to partner Rwandan market leader in bid to be real regional player Kajjansi-based Uganda Clays Limited is in plans to enter the Rwanda clay products markets in a bid to position itself as a leading regional clay products manufacturer. The company, which from July 27-August …

VIDEO: President Yoweri Museveni says he is investigating ministers who are said to be taking bribes from investors. Museveni who was closing a two day cabinet retreat at Serena Hotel, Kigo said he had received information to that effect but was still looking for evidence.   Share on: WhatsApp

A partnership between four Uganda government institutions to widen the tax base through improved collaboration is already bearing fruits as it helped realize an extra sh47.6.bn shillings in revenue in 2015/16. The Uganda Registration Services Bureau (URSB), Ministry of Local Government, Uganda Revenue Authority (URA) and Kampala Capital City Authority (KCCA) on Thursday …

INTERVIEW: Gerald Begumisa, the managing director of Yo Uganda Ltd, spoke to Flavia Nassaka about operating an ICT business in an economy where ICTs are still under developed. What are the key elements in your management style? My focus is value for shareholders. How this value is created is through …

The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has launched the Leather and Leather Products Policy that aims to improve quality of exports and processing of hides and skins in the country. The policy passed by Uganda’s cabinet recently, aims to maximize value addition in the leather sector and application of cleaner technologies. The …

Unexpected outcomes from Burundi’s trade ban on Rwanda Burundi’s July decision to ban exports to its northern neighbor, Rwanda, is brewing trouble for both economies; the question is whether the embattled leadership in Bujumbura can afford to pay that price. The export restrictions on Rwanda were imposed in July by Burundian …

AGOA’s agony: Why 10-year extension of duty-free access to the US market could be another lost opportunity for Uganda When the US passed the African Growth and Opportunity Act (AGOA) 15 years ago, there was a lot of promise.  Many African countries, especially the oil exporters, have registered substantial progress under …

When the Central bank reduced its key bank rate to 14% from 15% early this month, it was expected that commercial banks would respond by cutting their lending rates. This was the third time in a row the Central bank was reducing the CBR by 100 basis points the others …