Business
Museveni commissions Mirama-Kabale power-line
CAPTION: Museveni commission the Mirama-Kabale high voltage power-line and its substation at Hamuko village in Rubanda district on Tuesday, January 12th 2025. (PPU photo). By Stephen Wandera OumaRUBANDA – Resident Yoweri Kaguta Museveni has emphasised the importance of conserving wetlands, saying they act as reservoirs for water that is always used to generate hydropower electricity.President Museveni […]
Uganda hosts international water congress
By Our reporter KAMPALA – The 22nd African Water and Sanitation Association International Congress and Exhibition (AfWASA ICE2025) is set to take place in Kampala, Uganda, from February 16-20, 2025. This year’s event marks AfWASA’s 45th anniversary and is expected to draw over 3,000 delegates from more than 100 countries. Under the theme “Water […]
Don’t Inspire Africa Coffee says opposition
CAPTION: Inspire Africa Director Nelson Tugume, (L) shows President Yoweri Museveni, (2nd L), Minister of Science, Technology, and Innovation Dr Musenero Monica, (2nd R) and State Minister for Investments Evyln Anite (R) products of the company recently. (File photo). By Our reporterPARLIAMENT – The Leader of the Opposition, Hon. Joel Ssenyonyi has asked the government to […]
MPs question development bank’s loan coverage
CAPTION: Workers in the textile industry sawing cloth. By Our reporter KAMPALA – Members of Parliament on the Committee of National Economy are concerned about the distribution of the Uganda Development Bank (UDB) financing as the government seeks a US$275 million loan to recapitalize the bank. The Minister of State for Finance, Planning, and […]
Old Mutual Investment Group celebrates growth
By Our reporterKAMPALA – The Old Mutual Investment Group (OMIG), a black-owned African investment manager with a strong history of fostering investment growth, hosted the 2025 edition of the 2024 Annual Agents Awards and 2025 Incentives Launch.Held at the Golf Course Hotel in Kampala recently, the event gathered hundreds of UMIG sales agents, eager to […]
Museveni meets investors discuss carbon market
By Our reporterENTEBBE – President Yoweri Kaguta Museveni received an Austrian-based delegation who called on him at State House Entebbe to discuss, among other issues, Uganda’s carbon removal potential.The delegation was led by Mrs. Olivia Mugabe Mitterer, a Ugandan investment advisor; former consul general Mr. Karl Wipfler; H.E. Elisabeth Koestinger, the former Minister of Environment […]
Atingi-Ego named new BoU governor deputized by Prof Augustus Nuwagaba
CAPTION: Michael Atingi-Ego, left, and Nuwagaba, right. By Our reporterWhat you need to know:The development comes as the institution continues to deal with the discomfiture of last September’s heist in which the bank, with a stroke of a few keys on a computer keyboard, was manipulated to wire Shs50 billion to wrong payees.Mr Michael Atingi-Ego has been […]
Gov’t to prioritise debt management and economic growth
CAPTION: The Attorney General, Kiryowa Kiwanuka (2nd L) and State Minister for Finance, Musasizi interact with the LoP, Joel Ssenyonyi (R) as Hon. Achia looks on. By Our reporterPARLIAMENT- Government will prioritise debt management, domestic revenue mobilisation, and economic transformation in the next financial year.This revelation was made by the State Minister for Finance (General Duties), […]
UECCC to break ground for ORIO hydro power
CAPTION: UECCC Managing Director, Roy Nyamutale Baguma. By Our reporterKAMPALA – The Uganda Energy Credit Capitalisation Company (UECCC) has secured a grant of €13.1 million to develop nine mini hydro power sites as part of a single rural electrification project. The initiative is funded by the Netherlands Government’s ORIO Infrastructure Fund (now known as “Invest International”) […]