Business

Archbishop of the Church of Uganda[center] and members of Post Bank

PARLIAMENT – Legislators have rejected the Alcohol Control Bill, 2023 that sought to regulate the purchase, sell and consumption of alcohol.The private members Bill that was introduced for the first time by Tororo District Woman Representative, Hon. Sarah Opendi in November 2023 also aimed to regulate the time and premises where alcohol would be sold […]

BUIKWE – West International Holding (WIH) has embarked on construction of a  $200M cement factory in Njeru, Buikwe that is expected to bring down the price of Ugandan cement when it is completed in September 2025. The factory is the 2nd project after President Yoweri Museveni commissioned another plant in Moroto by the West International Holding […]

PARLIAMENT – The Uganda National Roads Authority will have to renegotiate a contract with Chongqing International Construction Corporation (CICO) for the reconstruction of Masaka-Mutukula Road and rehabilitation of several roads in Masaka District, Parliament has guided.The legislators want the China Export & Credit Insurance Corporation (Sinosure) insurance component worth Shs 38.86 billion embedded in an […]

By our reporterPARLIAMENT – The Ministry of Finance, Planning, and Economic Development is in the final stages of drafting a National Tax Policy to address some of the current economic challenges.The policy expected to become public in December, will provide a set of guidelines for the taxation of goods, services, and income as a vital […]

By our reporter PARLIAMENT – The Deputy Speaker, Thomas Tayebwa, has asked the Minister of Foreign Affairs, Jeje Odongo, to respond to allegations of the use of Uganda’s consulate in Dubai, United Arab Emirates (UAE) as a casino.  This follows media reports indicating that Uganda’s consulate building in Dubai, is being used as a covert […]

KAMPALA – The Ministry of Works and Transport has reduced the riding permit fees for cyclists. Boda Boda riders have in the past expressed concern about the exorbitant charges for acquiring the permits.The Police have on several times impounded motorcycles and arrested the riders for lack of a riding permit, and third pay insurance among […]

By Our reporterENTEBBE – President Yoweri Kaguta Museveni has met the leaders of the ghetto SACCOs in Kampala Metropolitan Area at State House Entebbe.The group included 100 ghetto youth leaders who are also the heads of the 12 ghetto SACCOs in Kampala, Wakiso and Mukono. The beneficiaries of the SACCOs are from; Rubaga Kakeeka Zone […]

Police warns striking Kampala traders By Our reporterKAMPALA Police has told striking traders to refrain from as authorities find solutions to their grievances.Traders against a proposed tax collection system have resumed their protests by shutting down their Kampala businesses from Wednesday July 31, 2024, unless President Museveni re-schedules a twice deferred meeting with the group […]

Clare Gatabi Tumwesigye, Head Marketing and Corporate Communications, Anthony Kituuka Managing Director, Elizabeth Wahito and Elliud Njogu from E & M Technologies pose a photo with ELP Scholars at Eureka Place Hotel in Ntinda.

By Our reporterKAMPALA – The National Resistance Movement (NRM) Secretary General Mr Richard Todwong has called for expanding regional markets to accommodate the increasing local production.“There has been increased production of goods among the people in the villages due to Emyooga and the Parish Development Model initiatives but limited markets and low prices remain the […]

Our reporterENTEBBE – President Yoweri Kaguta Museveni has sworn in Mr. Edward Akol as the new Auditor General in a ceremony that took place at State House Entebbe on Tuesday, July 22nd, 2024. The Head of Public Service and Secretary to Cabinet, Ms. Lucy Nakyobe Mbonye, administered the oath.Speaking shortly after the swearing-in ceremony, President Museveni congratulated Mr. Akol, before […]

Uganda Revenue Authority (URA) has destroyed 180 tons of smuggled goodsThe items that were destroyed at Luwero Industries include cosmetics, used underwear garments, beer, wines, and spirits, computers, and drugs, among others.“These items were confiscated and collected over some time, more than just one year of enforcement operations. If we were to value them, they […]

By Stephen Wandera OumaKAMPALA – The Ministry of Finance Planning and Economic Planning has plans to set up the Uganda Microfinance Development Bank (UMDB), “I have instructed the technical staff to initiate the process of starting UMDB to address the need for capital for small businesses. Uganda Development Bank Limited (UDB) only caters for big investments,” he said.Mr […]

Text content

By Our reporterENTEBBE – President Yoweri Kaguta Museveni has welcomed a delegation of investors from Lyca Mobile Telephone Company during their courtesy visit to State House Entebbe.Led by the Chairman of the company, Mr. Subaskaran Allirajah, the delegation included the Minister of Information and Communications Technology (ICT) and National Guidance, Dr. Chris Baryomunsi, and the […]

PARLIAMENT – Legislators on the Committee on Commissions, Statutory Authorities and State Enterprises have tasked the finance ministry to present documentation on the criteria used in granting bailouts to companies in financial crises.According to the committee chairperson, Hon. Medard Sseggona, companies belonging to foreign investors have mostly benefitted from bailouts compared to companies belonging to […]

By Our reporterNKUMBA – President Yoweri Kaguta Museveni has today fulfilled his pledge of 20 new motorcycles to Boda-boda Associations in Nkumba Parish, Wakiso District. The motorcycles were delivered by the State House Comptroller, Ms. Jane Barekye in a colourful ceremony held in Bendebere Village, Nkumba.The beneficiaries included Nkumba Bufulu National Resistance Movement (NRM) Mobilizers […]

Increase excise duty on petrol by Shs 100 per liter.Increase excise duty on diesel by Shs 100 per liter.Increase excise duty on imported wines from 80 percent or Shs 8,000 per litre to 100 percent or Shs 10,000 whichever is higherWinnersShs 50 billion for Presidential Initiative on Banana Industrial DevelopmentShs 723 billion equity acquisition Dei […]

By Our Reporter RUBAGA – Beneficiaries of the Presidential Initiative on Skilling the Girl and Boy Child (PISGBC) project have been advised to use the acquired skills to develop themselves. “You must ensure that the products you make are of high standards and good quality. Even when you are modelling or showcasing your fashion designs […]

NAGURU – Police have warned the public against a new wave of fraud stars. According to Enanga Fred, Police Spokesperson the Directorate of CID is actively investigating a new racket of fraudsters behind imposter phone calls.“The impersonate masquerade as Very Important Persons (VIPs), prominent government personnel and or business persons, and billing officers at utility […]

By Our reporterKAMPALA – Uganda has beat six other nations to emerged the best investment destination in Africa. The award was handed to President Yoweri Kaguta Museveni on Monday 20th May 2024 after the recent global investor award gala dinner at the Abu Dhabi National Exhibition Centre (ADNEC) as part of the 13th edition of […]