By Samuel Obedgiu Kampala: At the height of the demise of the now defunct Bretton-woods monetary system, former U.S President Richard Nixon’s treasury secretary John Connally said, “The dollar is our currency but it’s your problem.” The current strengthening of the dollar has indeed made this statement relevant again, manifesting itself through increased food prices.…
Africa’s leading bio-digester manufacturing company; Sistema.bio, in partnership with Native Energy has today launched its biggest bio-digester carbon program in Uganda. The program, otherwise referred to as the Uganda Dairy Biogas Program, is set to benefit small and medium dairy farms across the country. Sistema.bio and Native Energy’s partnership is expected to avoid over 1.5…
30 years ago, as an ordinary entrepreneur, Dr Sudhir Ruparelia used his meagre savings from taxi driving to start his first business in Uganda. The now property mogul began investing in property in 1986, and went on to formally register his Meera Investments, the property arm of Sudhir’s Ruparelia Group, in 1994. Today, Sudhir is…
President Yoweri Museveni is scheduled to officially open the inaugural Afro-Indian Investment Summit to take place between September 29 and 30 in Kampala, under the theme, ‘Investment in Uganda for inclusive Prosperity’. The summit is one of the other events this year, to celebrate the achievements of the Indian Association Uganda (IAU) which was founded…
Uganda’s reputation for hosting major international events has been further bolstered an exciting announcement. The Miss Planet International director, Pedro Fransisco confirmed that Kampala, Uganda is the official host city for the Miss Planet International event which will run from November 6-20th 2022. This will be the first time that a mega international beauty pageant…
The Parliament of Uganda has approved the National Local Content Bill, 2022. The private member’s bill by Kassanda North MP, Patrick Nsamba Oshabe was passed last week. The bill was first tabled before parliament in January 2019 during the 10th parliament, processed, and eventually passed. Its objective was to impose local content obligations on persons…
Lira: Bongobongo Uganda Advocates, a company operating a gaming franchise in Uganda, seeks to extend its Corporate Social Responsibility (CSR) over the coming years to ensuring that sports betting and online gaming remain socially responsible and fun activities. However, in a bid to expand their Corporate Social Responsibility, the company has also taken a move…
The Electricity Regulatory Authority (ERA) has approved new Electricity End-User Tariffs to be charged by Umeme Limited for the supply of Electrical Energy in the Billing Period from October to December 2022. According to documents seen by this website, the hostile economic environment in Uganda compelled the Electricity Regulatory Authority (ERA) to revise increase tariffs…
The Government of Uganda has donated two acres of land to African Export-Import Bank (Afreximbank), a move that will enable it open up its regional branch in Kampala, Uganda. The donated piece of land which formerly belonged to National Social Security Fund (NSSF) and located along Yusuf Lule Road in Kampala was handed over to…
Experts in the energy sector have revealed that the skyrocketing fuel prices, inflation and other Macro-Economic Factors in Uganda are most likely to lead to an increase in the cost of electricity. This is mainly because fuel is used in the generation of thermal electricity as opposed to hydroelectricity which is generated from water. The…
