Samia set to visit Kenya & mend bilateral trade between the two countries

Samia Suluhu Hassan

Tanzania’s appointed President Samia Suluhu is set to visit Kenya in order to mend the strained relationship between the two neighboring countries. By the time Tanzania’s late President John Pombe Magufuli died, the bilateral relationship between Kenya and Tanzania was not under favorable conditions as many Kenya goods were confiscated, day-old chicks were burnt and blockage of dairy and confectionery…

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OFFICIAL – Interlet Limited Launches Cyclone Biz

Interlet Limited

KAMPALA – Interlet limited has today launched another new website dubbed www.cyclonebiz.com to cater to online business content. The event was held on 1st May 2021 at their head office in Banda Kampala Uganda. This is the second website Interlet limited is launching after they launched www.cyclonetimes.com in December 2017. Briefly, Interlet Limited is an ICT company that offers services…

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Government passes 12% internet tax to curb ever-growing debt burden

Government passes 12% internet tax to curb ever-growing debt burden

Today, the Parliament of Uganda has passed a 12% percent internet tax. According to Minister of State planning David Bahati, the new 12% internet tax is meant to extract money from the masses that will substitute the money that was initially being borrowed from foreign agencies. However, Kampala Central Member of Parliament, Muhammad Nsereko objected to this move stating that…

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Human Capital Development takes lions’ share after the 2021 National Budget revision to Shs 44.7 trillion

The 2021/2022 financial year National budget exclusive of the National Development Plan III strategies

The 2021/2022 Financial year National Budget amendment skyrocketed from the initial by Shs 41.2 trillion to Shs 44.7 trillion. Following the amendment, human capital development had the greatest allocation which stands at Shs 7.7 trillion, and governance and security cut in closely at Shs 6.9 trillion. Intially, governance and security had topped the table but it’s declined was instigated by…

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Hope for the elimination of trade barriers as EAC gets a new boss

Hope for the elimination of trade barriers as EAC gets a new boss

Peter Mathuki, East African Community’s (EAC) new Secretary-General has vowed to work towards unifying member states both trade-wise and politically as his top priority during his five-year term. Trade experts have hope that Mathuki is what the East African Community (EAC) requires for its already staggering economy. The new Secretary-General is the current CEO of the regional-based Apex business Community…

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Cipla Quality Chemical Industries Limited lands a juicy deal

Cipla Quality Chemical Industries Limited lands juicy a deal

Uganda-based drug manufacturer, Cipla Quality Chemical Industries Limited has landed a juicy deal after being granted permission to export medicine to over thirty countries of which they were initially in deals with eleven countries out of the thirty. Mr. Nervin Bradford, the Cipla Quality Chemical Industries Limited chief executive officer yesterday informed the lucrative opportunity involves the export of drugs…

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Fred Kamunyu – I did not partake in the Covid-19 cash

Fred Kamunyu - I did not partake in the Covid-19 cash

Mr. Fred Kamunyu the owner of the Akamwesi investments denies allegations of feasting on the Covid-19 cash. His statement comes to clear the air after a group of legislators under the leadership of Henry Musasizi questioned the Minister of Finance Matia Kasaija over the lending of chunks of money to city tycoons. “Some manufacturers who want to expand their agro-businesses…

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The 2021/2022 financial year budget exclusive of the National Development Plan III strategies

The 2021/2022 financial year National budget exclusive of the National Development Plan III strategies

The 2021/2022 financial year budget as presented by Minister of Finance Matia Kasaija this week caters for the nineteen key government programs but does not match up to the National Development Plan III. The National Development Plan III’s implementation strategy was in September 2019 approved by cabinet and in January last year approved by Parliament as a five year plan…

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Uganda poultry imports likely to receive another ban from Kenya

Uganda poultry imports likely to receive another ban from Kenya

Poultry traders in Kenya have cried out to their government to fasten the ban against Uganda poultry imports amidst the country’s second lockdown. This cry out was prompted by reports from Business Daily which show that Kenyan-based dealers particularly Yo Kuku still ran business with poultry products that were being imported from Uganda. The farmers’ mouth piece Mr. Zack Munyambu…

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Fortebet Uganda
Fortebet Uganda