The European Commission in Uganda, is set to fully address the matter of the European union parliament resolution on the East African Crude Oil Pipeline Project, at that upcoming Uganda-EU business summit later this month. Due to environmental and human rights issues, the European union parliament resolved, to calling for a halt on the construction…
President Yoweri Museveni has again scoffed at the European Union Parliament for passing a resolution to halt the East African Oil Pipeline project- EACOP, slated to kick off by 2025. 334 Legislators from the EU Parliament recently voted to halt project for one year and find alternative roots over the human rights violations and and…
The Minister of Finance and Economic Planning, Matia Kasaija has commended businessman Ham Kiggundu for establishing a complete integrated food processing unit, creating jobs and opportunities for young people. The minister made remarks on Wednesday September 28, 2022 in an interview with the New Vision and after paying a visit to Kiggundu’s agro-Processing Plant in…
By Ben Ssebuguzi Kampala: As business executives are scampering to cut costs in order to stay clear of the COVID-19 economic effects, some are making grave mistakes of evading retirement savings for their employees which makes them demotivated at workplaces hence less productivity. Employee motivation is defined as the level of energy, commitment, persistence, and…
The sticking issue of the secrecy around the oil Production Sharing Agreement has kept Ugandans unable to get the answer to the question of how much the country will get from the oil and gas sector. The failure by the government to disclose the details, especially of how the oil revenues will be shared, has…
Businessmen and experts have expressed optimism that the continued drop in fuel prices in Uganda will help to lower the cost of doing business. In the past two months, there has been a drop in the fuel pump prices from an average of 6,800 Shillings a litre of petrol to about Shs5,800, and diesel from…
The Asia Africa Development Council (ADCO) which coordinate the Council for Sustainable Peace and Development for promotion of peace and development in Asia and Africa is proud to unveil the TOP 54 Certified Responsible Investments in Uganda- Prof Ripu Ranjan Sinha the Director General of Council for Sustainable Peace and Development Stated. The Asia Africa…
Twelve loans valued at Shs 1.3 trillion expired before disbursement to respective ministries and government entities for use, according to the Auditor General. According to the Auditor General’s report for the year ended June 2020, the failure to utilise the borrowed money was due to low levels of loan absorption, which is affecting government projects…
After getting a good grip of the Agri-tech business in Uganda, LOLC Finance Uganda has embarked on an ambitious expansion plan stretching across borders. Early this week, the company established a subsidiary; LOLC Finance Rwanda with new offices in Musanze district located 69Km from the Rwandan Capital Kigali. “We chose this district because it is…
Local investors in the country have continued to express their disappointments over the selective licencing of cannabis business that has been only allowed to be operated by foreign companies. In an investigative study and survey carried out by this website, it is reported and confirmed an Israeli company Together Pharma has already exported over 50 kilograms of…
