The executive director Private Sector Foundation Uganda, Gideon Badagawa, warns government about the continuous exploitation of commercial banks by hiking the interest rate which scares away potential investors from taking loans. Badagawa continues to state that there are a very few development banks that are offering development lending which can be utilized by investors who […]
Jinja West member of parliament Moses Balyeku has called upon government to intervene in the situation where Kenya airways exploits Ugandans by charging high travel costs despite Kenya being a member of the East African Community. This while presenting a matter of National concern at the floor of parliament this morning where he explains that the […]
Civil Society Organizations have asked Uganda Revenue Authority to exercise total transparency and equity when taxing them. Speaking at a dialogue between URA and Civil Society, the executive director Anti-Corruption Coalition Uganda Cissy Kagaba said URA is being used to restrain organizations that are critical of government. She said that some of the taxes levied on these […]
President Yoweri Museveni arrived in the German Capital, Berlin for a two-day working visit to boost trade and investment opportunities for Uganda. During the visit the President will be guest-speaker at the German-Africa Business Day 2016. The President, who made his maiden visit outside the country after his re-election, was received at Tegel North Military […]
The Republic of Rwanda has been ranked as the most prosperous in the East African region. Legatum Institute yesterday June 1st 2016 launched their 2016 Africa prosperity Report. An international think tank and educational charity focused on promoting prosperity, the institute researches core themes of revitalising capitalism and democracy. The report released considered eight economic and […]
In a search that commenced February of 2016, the Uganda National Oil Company (UNOC) has finally appointed a Chief Executive Officer. The company’s Board of Directors appointed Dr. Josephine Wapakabulo to the CEO position. UNOC was set up by Article 42 of the Petroleum (Exploration, Development and Production) ACT 2013 and incorporated under the Company’s Act 2012. […]
The Inspectorate of Government has signed a memorandum of understanding with the finance intelligence authority with an intention of teaming up to fight money laundering in Uganda. This follows recent enactment of the Anti-money laundering act which created this authority to fight money laundering in Uganda. Addressing a joint press conference at the IGG’s office, the Executive Director Finance Intelligence […]
The World health organization is tasking Uganda to fully implement the plain packaging of all tobacco related products to ensure that consumers are totally protected and kept in the know on the dangers that come along when they continue consuming tobacco products as well as protecting the young from the habit. According to the WHO […]
Local investors in Uganda have been asked to embrace private equity financing and venture capital as alternative to stimulate the slowing Uganda’s economy. The advise come at the time when Uganda’s economy is struggling to recover from election fever. According to the executive director Uganda Investment Authority Dr Frank Ssebowa, many local investors are running to […]
President Park Geun-hye of South Korea has urged the business community in Uganda and her country to tap into the existing cordial relationship Uganda has with South Korea in order to enhance business operations for the benefit of the two brotherly countries and their peoples. President Park Geun-hye was yesterday addressing guests at the Uganda-Korea Business […]