Tag Archives: investment

President Yoweri Museveni has challenged his new cabinet to look for investments, end corruption and move to total commercialization of agriculture in order to move the country to middle-income status. He will outline his complete plan for this to be achieved when his new cabinet meets for the first time …

President Yoweri Museveni has told German investors at the Hamburg Chamber of Commerce that today’s Uganda offers them a ready market with high profitability ratios un-paralleled anywhere in the world. He described Uganda as a land of abundant opportunities but which is still lacking in capital and the spectrum of …

Museveni’s latest politicking joke or a realistic national target? When President Yoweri Museveni takes the oath of president for the sixth time on May 12 at Kololo Ceremonial Grounds in Kampala, it appears he will have one goal clearly on his mind: delivering Uganda to the middle income bracket by …

Uganda’s insurance industry premiums are expected to grew 20% to Shs733 billion this year on the back of sustainable economic expansion and demographic shifts and new opportunities. Five years ago, the insurance industry in Uganda could barely raise Shs 500 billion in total premiums. Across the border in Kenya, total …

Chairman Uganda Chamber of Mines & Petroleum Elly Karuhanga has warned that the level of preparedness in the local oil sector is below par. “The level of preparedness is still low since only 25 firms were found eligible to supply the industry. Local suppliers aren’t equal to the task to …

By Ronald Musoke Investing wisely Uganda’s oil revenues in productive sectors of the economy will ensure future generations benefit from the country’s promising petroleum industry, a new paper released on Dec.10 by the Economic Policy Research Centre (EPRC) and the Africa Growth Initiative at the Brookings Institution says. The researchers …

By Aloysious Kasoma President Yoweri Museveni has invited the Chinese people to invest in the different opportunities available in Uganda. The president said this during an opening ceremony at the ground breaking of the new Entebbe highway which officially started at Kyengera – Kabojja yesterday. “I would like to take …

By Joan Akello Labour unions have observed that precarious work is taking over permanent employment especially in the private sector. Uganda Investment Authority has focused on generating new investments and creating employment through foreign, joint venture and local projects.   351,194  jobs were created from a total of  2, 226 licensed …

By Independent Team The money will be used to strengthen its balance sheet and fund investment in its oil discoveries and prospects in Ghana and Uganda. January is turning out to be Tullow Oil’s best month. In a space of two weeks it has struck the biggest oil well in …