Business - Page 57

URA To Clamp Down On Container Agents Exploiting Small Traders

The Uganda Revenue Authority (URA) has announced a firm stance against exploitative practices by intermediaries commonly known as container leaders, who are accused of manipulating small and medium-sized traders through inflated fees, delayed shipments, and deceptive customs processes. This declaration came during

May 9, 2025

Business·Security

Gen Mugira Hosts Defence Ministers At NEC’s Luwero Industries

Leutinuanant General James Mugira; the Managing Director-National Enterprise Corporation hosted Hon Bamulangaki Ssempijja; the Minister of Defence and Veteran Affairs at Luwero Industries Headquarters. The Minister was accompanied by Hon Jacob Marksons Oboth- State Minister for Defence and Veteran Affairs (General duties)

September 2, 2021

Business

Lucrative Cannabis Not Among Top Addictive Drugs-Study Proves Amidst Uganda’s Delay To Legalize Plant

As we report this, countries globally are rushing to legalize the cannabis plant after a study proving that smoking herb is less addictive (and safer) than alcohol and cigarette that is legalized in most countries. Weed, also known as marijuana, is a

August 29, 2021

Business

Gen Sabiiti Pledges More Support To Kiira Motors Corporation

Maj Gen Sabiiti Muzeyi,the General Manager Luwero Industries has hosted Kiira Motors Corporation Board of Directors at Luwero Industries Headquarters in Nakasongola. Luwero Industries Ltd is a subsidiary of National Enterprise Corporation-a commercial/business arm of Ministry of Defence and Veteran Affairs/UPDF. Kiira

August 29, 2021

Business

Mogul Sudhir Ruparelia Again Tops List Of 10 Richest Billionaires In Uganda-Report

The market value of all the stakes owned by the 10 richest investors in companies listed on the Uganda stock exchange is 518.5 million. This represents just about 0.30 per cent of the market’s 56.1-billion valuation, as institutional investors and parent companies

August 28, 2021

Business

NAADS Dispurses Planting Materials Worth Sh.41.1 Bn

Following the start of the second crop season for 2021, the National Agricultural Advisory Services (NAADS) is distributing planting materials to farmers with emphasis on crops that offer improvement on food security as well as household incomes. In line with the National

August 27, 2021

Business

Minister Nankabirwa Blocked From Presenting Report On Performance Of Irksome UMEME

A section of Members of Parliament have blocked Energy Minister Ruth Nankabirwa from presenting a statement on the performance of Uganda’s tireless and biggest power distributer UMEME, insisting that it would be a wasted effort because the House already recommended termination of

August 24, 2021

Business

“Apartments Revolution”- A Look At How All These Fancy Apartments Are Changing The Face Of Hospitality Industry In Uganda

The real estate and hospitality sub sectors are going through a bumpy time having to deal with the economic shocks facing the country. These two are playing hard to survive by being responsive to the economic demands. Investment is hard to come

August 23, 2021

Business

Uganda Losing Economic Gains, Innovativeness Due To Slow Marijuana Licensing

From global trends, marijuana has provided a new economic frontier in countries that have seen the light and legalized the farming of the herbal weed. Marijuana or cannabis is a medicinal herb, one that industrial labs have confirmed to be the new

August 20, 2021

Business·Politics·Uganda

President Museveni Calls Urgent NRM Caucus Meeting Over Implementation of Parish Development Model

President Yoweri Museveni has in his other capacity as chairman of the ruling National Resistance Movement called a meeting of the party Parliamentary Caucus to discuss the implementation of the Parish Development model for Financial Year 2021/22 The meeting scheduled to take

August 20, 2021

Business

Strong: Equity Group Holdings PLC Doubles Profitability Validating Its Resilience And Business Continuity Strategy During Covid- 19 Pandemic

Equity Group Holdings Plc has announced a 98% growth in half year profits to Kshs.17.9 billion up from Kshs.9.1 billion the previous year. Speaking while releasing the results, Equity Group Managing Director and CEO Dr James Mwangi said, “The defensive and offensive

August 16, 2021

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