Category: Business

Business
Make a condusive environment that encourages local investment, Kadaga calls upon government

While at the Buy Uganda Build Uganda (BUBU) Expo in Kololo, earlier today, the speaker urged Government to make condusive environment that encourages local investment. The speaker added that Uganda has the required raw materials for the manufacture of different products but costs are at times discouraging. “I met a girl in the last two […]

4,321 total views, 1 views today

Business
Soroti fruit factory to be launched this year, Capt Mukula calls for more industries

The NRM Vice chairman Eastern region Hon. Captain Mike Mukula is satisfied with the progress of works at Soroti fruit factory that is currently undergoing a pre-commissioning exercise test where the machines are being run to see to it whether the machines can run according to the promised capacity. The chairman called upon the government […]

4,052 total views, 3 views today

Africa
Traders at risk of counting losses as Rwanda closes border with Uganda

People and their goods are stranded at the Uganda-Rwanda border after they were denied entry into Rwanda. If the situation continues, traders may make a lot of losses since they cannot deliver products as expected. Drivers say they were forced to park their trucks at around 5:00pm on Wednesday after their colleagues who had earlier […]

9,641 total views, 4 views today

Business
Jinja taxi drivers cry foul over reduced passengers

By Leonard Nakhosi. The Transport sector is believed to be one of the sectors that reap a lot of money during the festive season since transport fare is hiked to different destinations across the country hence making transport operators like drivers earn more. Like they always say every day is not Christmas day, Tax drivers […]

6,401 total views, 2 views today

Business
Uganda lacks an effective fiscal anchor – IMF

The International Monetary Fund -IMF in a statement said, that the Pearl of Africa’S  projected debt path in successive budgets has been revised upwards since the beginning of the infrastructure scaling up drive. In 2013, debt was targeted to peak at 31 percent of GDP, in 2016 at 44 percent of GDP, and currently debt is […]

5,807 total views, no views today

Business
Uganda’s growth forecast to rise – IMF

IMF confirms in a statement that Uganda’s economic growth to gain momentum in a recent forecast, while the progress on social indicators is still mixed and poverty reduction has stalled. The economy expanded by 6.1 percent in FY17/18, supported by improvements in the services sector and a pick-up in the agriculture sector. The supportive monetary […]

6,618 total views, 6 views today

Business
Cryptomining.Farm the alleged bitcoin scam site

CFPAY a cryptocurrency wallet application based in Chaing Rai Thailand is facing various accusations from its clients over fraud. Victims of an alleged cryptocurrency mining scam have filed claims against the suspected perpetrator with the Technology Crime Suppression Division in Thailand, the Bangkok Post reported on Feb. 18. Cryptomining.farm as a new virtual mining company and investment opportunity which […]

5,273 total views, 5 views today

Business
Kyambogo University sets dates for 2018/2019 private admissions
Kyambogo University calls for eligible bidders

Kyambogo University has allocated funds to be used for the Procurement of the following; Motor Vehicles: Lot 1- 3Station Wagons for DVC-AA, DVC-FA & US Lot 2- 2Motor cycles Road works Kiln (muffle furnace) Bidding will be conducted in accordance with the Open bidding procedures contained in the Public Procurement and Disposal of Public Assets Act, 2003 (as […]

9,739 total views, 4 views today

Business
How power struggle, Katamba firing led to deportation on MTN CEO Vanhelleputte

MTN CEO Wim Vanhelleputte was Thursday night deported; weeks after three of the company’s expatriate staff were expelled. His deportation documents were signed by Internal Affairs Minister Gen. Jeje Odongo, hours after he had been held and grilled by security. He was briefly detained at Entebbe International Airport before he was taken for an SN […]

9,278 total views, 2 views today

Business
MTN CEO deported over company’s dealings that are considered “prejudicial to national security”.

MTN Uganda’s Chief Executive Officer – CEO, Win Van Helleput was yesterday deported on orders of the Minister of Internal Affairs Gen. Jeje Odongo. CEO’s deportation came after a 4 hour interrogation by police, Chieftaincy of Military Intelligence (CMI) and Joint Anti-terrorism Taskforce operatives at the special investigations division of Police in Kireka 14th, Fabruary […]

8,627 total views, 4 views today