How a Museveni-endorsed Onion project turned into a Shs500 million scandal in Rukungiri Rukungiri, Uganda | JULIUS BUSINGE | In a heartbreaking twist, the residents of Rukungiri District have watched their dreams of a better life vanish, as an onion project endorsed by President Museveni turned into a devastating loss of …
Read More »
Kampala, Uganda | JULIUS BUSINGE | Africa Risk Management and Compliance Partners (ARMC) has unveiled the E-Learning Hub Tool, an innovative platform designed to enhance training on combating money laundering, terrorism financing, and proliferation financing. The tool, launched during a workshop in Kampala on November 15, allows organizations to deliver flexible, …
Read More »
As experts call for a special fund and tailored banking products to boost investment in artisanal mining space Kampala, Uganda | JULIUS BUSINGE | Uganda government has completed the drafting of the Building Substances Bill, which will soon be submitted to the Cabinet for approval, according to Irene Bateebe, the Permanent …
Read More »
OPINION | Julius Businge | In Uganda’s rapidly growing retail landscape, supermarkets like Carrefour, Quality Supermarket, Capital Shoppers, Fraine, and Mega Standard play a key role in promoting local businesses. Nakumatt, Uchumi, Tuskys (all Kenya-based), Game Stores, and Shoprite (South Africa-based) have in recent years quit the Ugandan market citing an unprofitable working …
Read More »
The conference concluded with a strong emphasis on national content development, recommending that mining regulations incorporate strategies to boost Ugandan participation Kampala, Uganda | JULIUS BUSINGE | The urgent need for increased funding in Uganda’s mineral sector took center stage at the 13th Mineral Wealth Conference, held in Kampala from Oct.1-2. …
Read More »
However, progress on the $4.5 billion refinery remains limited Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil sector is advancing significantly with 72 out of 457 wells drilled at the Tilenga and Kingfisher oil projects as TotalEnergies and CNOOC Uganda Limited push towards commercial production slated for 2025. Energy and Mineral …
Read More »
INTERVIEW | JULIUS BUSINGE & DAVID BASIL | David Basil is a Ghanaian-based entrepreneur running a premium flooring company called Modern Floors. He spoke to Julius Businge during his recent visit to Kampala during the Uganda Buildcon International Exhibition. Who is Basil David Anthony, and what does Modern Floors do? …
Read More »
The lender has expressed interest in financing additional projects, including the SGR and the UMEME buyout, totaling USD 4 billion Kampala, Uganda | JULIUS BUSINGE | On July 25, President Yoweri Museveni met with a team from Standard Chartered Bank’s Export Finance division at State House, Entebbe, to explore potential funding …
Read More »
Illicit cigarettes remains a big headache the tobacco distributor in Uganda Kampala Uganda | JULIUS BUSINGE | Shareholders of British American Tobacco Uganda Limited will receive Shs 8.9 billion as dividend, equivalent to Shs 181 per ordinary share, following approval at the 24th Annual General Meeting held at Sheraton Kampala Hotel. …
Read More »
However, delays in project execution, limited resources, red tape in contract approvals remains big concerns Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector has welcomed the government’s decision to significantly increase the budget allocation for the mineral development and oil and gas sub-sectors but has voiced concerns over implementation. In …
Read More »
The Independent Uganda: You get the Truth we Pay the Price