Business News
Another Two Dead As Car Overturns After Tyre Bursts At Kafu Bridge
The country has registered yet another accident in which two people died on the spot as the vehicle they were moving in had a tyre burst. The accident according to the Traffic Police spokesperson, Faridah Nampiima happened at Kafu bridge when a Isuzu forward registration number UAW 416E carrying charcoal from Gulu towards Kampla burst…
Two NUP Members Die In Kumi Nasty Accident
Two members of the National Unity Platform- NUP Media crew have died in an accident along Kumi- Pallisa- Tirinyi road on Saturday. The crew was traveling to Omoro district for the campaign trail ahead of the Omoro County by- election. Those feared dead are Denis Waiswa, the former Iganda Municipality MP candidate in 2021 elections…
DIGP Maj.Gen Katsigazi Passes Out 193 Gazetted Officers
The Deputy Inspector General of Police (DIGP) Maj. Gen. Tumusiime Katsigazi on Friday passed out over 193 gazetted officers. The officers have been on a three-month Station Command Course at Police Training School in Kabalye, Masindi. DIGP Katsigazi urged the officers to use the knowledge and skills acquired to improve service delivery to the communities…
Big Fraud! Gov’t Tasked To Recover Over UGX15.7 Bn Wrongly Paid To Roko
Government has been tasked to recover the payment made to ROKO Construction totaling 15.72 billion Shillings irregularly paid in regard to the Nakawa-Naguru land. The payment is deemed irregular because claims by third parties against government were not allowed and ROKO could only claim against its client OPEC. This decision taken by Parliament on Wednesday…
Top Buganda Land Board Officials In Hot Soup Over Conflict Of Interest, Alleged Fraud As Kigo Land Saga Rages On
Kiham Enterprises Uganda Limited, a company partly owned by city businessman Hamis Kiggundu has insisted that it still legally owns the 140-acre Kigo land that has been under contention between Buganda Land Board and the company. Kiham, through its lawyers led by Fred Muwema of Muwema & Company Advocates, have further called for the prosecution…
Business
Uganda Coffee Exports Generates Record US$876.4 Million
Uganda’s coffee exports generated a record US$876.4million in revenues for the just concluded 2021/2022 coffee year that ended on September.30. This represents a 39% increase in revenues compared to the previous year despite a decline in export volumes. Latest statistics from the state-owned Uganda Coffee Development Authority (UCDA) shows that the East African nation exported…
Uganda Engages Kenya Over Ban Of Poultry Products
Government has intervened in the ongoing impasse between Kenya and Uganda over importation of the latter’s poultry products. The ban is the most recent in a series of trade embargos that Kenya has slapped on her neighbours. Kenya has in recent times banned the importation of maize, milk and beef from Uganda. According to Hon…
Uganda Fully Reopens Key Bridge Renovated by Chinese Contractor
Uganda has reopened a key bridge on an international highway connecting it to four other countries. The Katonga bridge, destroyed by flash floods in May, was restored and upgraded by Chinese Communications Construction Company (CCCC). The bridge is on the highway connecting Uganda with Tanzania, Rwanda, Burundi and the Democratic Republic of the Congo. Allan…
Uganda Investment Authority’s One Stop Centre: A Catalyst For Economic Growth &Efficiency
On Thursday 3rd August 2023, the Uganda Investment Authority hosted a media breakfast meeting at the Uganda Business Facilitation Center, highlighting the invaluable role of the One Stop Centre. Distinguished attendees included Hon. Anite Evelyn, the Minister of Investment, URA Commissioner General Musinguzi Rujoki, Director General Robert Mukiza, and Chairman of the Board of Directors…
Uganda Is Open To Trade & Investment-Chief Whip Woos UK Investors
The Government Chief Whip, Denis Hamson Obua, on Friday closed the 13th UK-Uganda Investment and Trade Summit in London with an emphatic enumeration of bankable benefits of investing in Uganda. Obua told the participants at the event that Uganda is open to trade and investments and the Government is executing deliberate plans to incentivize the…
Uganda Losing Economic Gains, Innovativeness Due To Delayed 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 breakthrough for medicinal innovation, research and disease treatment. And for developing countries like…