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Tag Archives: Julius Businge

Extractive industry sees strong growth, pivots toward sustainability

However, infrastructure gaps in remote mining areas continue to hinder resource accessibility and operational efficiency Kampala, Uganda | JULIUS BUSINGE | Uganda’s extractive industry marked a year of significant strides in 2024, with advancements in mining and oil and gas shaping the sector’s outlook. Bolstered by government initiatives, increased investment, and …

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Uganda’s economy exhibited resilience amidst global challenges in 2024

Strategic efforts in inflation management, interest rate stabilization, and infrastructure investment formed the backbone of the country’s economic resilience Kampala, Uganda | JULIUS BUSINGE | Uganda’s economic performance in 2024 highlighted its ability to navigate global and domestic challenges while leveraging opportunities to bolster growth. Strategic efforts in inflation management, interest …

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Uganda’s oil and gas sector fuels economic growth

However, stakeholders emphasize the need to tackle challenges in taxation, technology, and skills development to unlock the sector’s full potential Kampala, Uganda | JULIUS BUSINGE | Uganda’s oil and gas industry is reshaping the nation’s economy, presenting unparalleled opportunities for local businesses and individuals. However, stakeholders emphasize the need to tackle …

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Broken promises

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 …

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New online tool to combat money laundering in Uganda

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, …

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New law to regulate construction minerals in offing

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 …

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Opinion: Uganda’s homegrown brands dominate supermarket shelves

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 …

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Increased funding and strategic recommendations dominates 13th Mineral Wealth Conference

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. …

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