Browsing: Business

Government Withdraws €96 Million Loan Request For 5 Oil Roads

The Government of Uganda has shelved plans to finance construction of critical oil roads using a 96.3 million Euros loan from the China Construction Bank Corporation. The loan request had been tabled before parliament for financing of roads including Masindi – Biiso (54-km), Hohwa – Nyairongo-Kyarushesha – Butole (25 km) and Kabaale-Kiziranfumbi (25.7 km). The…

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Uganda,Kenya Sign Pact To Ease Trade Barriers

Kenya has agreed to lift the ban on imports of poultry and poultry products from Uganda imposed late this year, Agriculture Ministers of both countries have announced in a joint statement on Tuesday. The lifting of the ban, a joint communique on the status of bilateral relations between Kenya and Uganda said, follows successful trade…

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Regional Recognition: Bidco Wins East African Awards

Fresh from scooping the overall 2021 Best Visionary Agro-Processing and Manufacturing Company award in Uganda,Jinja based Bidco Uganda Limited (BUL), a Fast Moving Consumer Goods company with a modern edible oil processing complex in Jinja City has again received other two regional awards. Thetwo awards are Quality Excellence Award for Best Class Manufacturing in East…

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EXCLUSIVE: How Tycoon Sudhir Ruparelia’s Meera Investments Is Giving Other Construction Agencies Sleepless Nights

If you thought there is any sphere of influence in this town into which Dr. Sudhir Ruparelia (arguably richest man in Uganda) doesn’t intent to dominate, just read this. Already a dominant force with a compelling presence in provision of education, leisure & hospitality, real estate, medical, labor externalization, agriculture and media services, the Ruparelia Group has newly incorporated…

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Speaker Among,Min.Tumwebaze Flag Off construction Of UGX 71 Irrigation Scheme

The Deputy Speaker of Parliament, Anita Among, has broken ground for the construction of Shs71billion Acomai irrigation scheme in Kamutur Sub-county in Bukedea District. The project, which is under the Agricultural Value Chain Development Programme being implemented by the Ministry of Agriculture, Animal Industry and Fisheries, is also expected to be constructed in Bulambuli District.…

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Exposed Fraud: How & Why Ex-Simbamanyo House Owner Peter Kamya Rushed To Pay Court Filing Fees After Whistleblower Exposing Him

The former owner of Simbamanyo House, Mr Peter Kamya has rushed to pay the court filing fees after a whistle-blower exposed him. City lawyers from Walusimbi & Co.Advocates, who also double as representatives of Meera Investments in the property row between Equity Bank and Architect Peter Kamya of Simbamanyo Estates petitioned the High Court seeking…

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Big Story: ERA Introduces New Billing System, Reduces Power Tariffs To Make Electricity Affordable

The Electricity Regulatory  Authority (ERA) has made amendments to the electricity tariff structure with an aim of promoting access to, and use of electricity. The development was announced Thursday by the Chairperson of ERA Ms. Sarah Kanabi Wasagali, who noted that ERA’s aspiration for the next five years is to be a recognizable institution in…

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