Browsing: Business

PICTORIAL: Tycoon Hamis Kiggundu graduates with Doctorate Degree from Paris University

In a momentous achievement that underscores his unwavering dedication to leadership and excellence, Hamis Kiggundu, a prominent Ugandan entrepreneur and philanthropist, has been officially conferred the title of Doctor of Global Leadership and Management by the European International University (EIU) in Paris. This prestigious honour was awarded during a grand convocation held on June 29,…

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Over 700 Jobs in Jeopardy As Namayingo’s Billion-Dollar Sugar Factory Stalls

Namayingo, Uganda – The recent suspension of the CN Sugar Factory, a multi-billion shilling investment, has thrown its future into uncertainty and left over 700 workers jobless. This decision, issued by the Minister of Trade, Industry, and Cooperatives, Francis Mwebesa, has stirred significant unrest in the district. In November 2022, CN Sugar Limited received a…

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Violent Clash in Namayingo as Police Disperse Protesters Over Suspended Sugar Factory

Namayingo, Uganda – A volatile situation unfolded in Namayingo district as police fired live ammunition and teargas to disperse angry workers and Indian investors protesting the suspension of the CN Sugar factory. The Ministry of Trade, Industry, and Cooperatives suspended the factory’s operations due to the investors’ failure to establish a nucleus estate, leading to…

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Museveni Tours Inspire Africa Coffee Plant

President Yoweri Kaguta Museveni has  visited the Inspire Africa Modern Coffee Park in Rwashamaire town, Ntungamo district. The coffee hub,is part of a pilot project by Inspire Africa, is set to benefit from a proposed $10m (Shs37b) government grant. The hub is designed to gather all graded coffee from farmers in the Ankole, Kigezi and…

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Traders Threaten To Close Shops After Meeting Museveni Over EFRIS

The leaders of traders’ associations have threatened to lock down their businesses again, displeased with the outcome of the Kololo meeting with President Museveni. They argue that President Museveni did not address any of their concerns about taxes at the much-anticipated meeting. However, the Uganda Revenue Authority spokesperson, Ibrahim Bbosa, urged the traders to have…

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