The Insurance Regulatory Authority has called on the business investors to put more capital in the insurance sector to maximize returns basing on the low insurance penetration in the country. The Executive Director Insurance Regulatory Authority of Uganda Ibrahim Lubega Kaddunabi made the call while speaking at the Opening the 8th banking, finance and insurance expo […]
Government has been asked to support local content when procuring goods to be consumed or materials to be used in Uganda. The comment comes at the time when Uganda is still grappling with alarming deficit emanating from low exports in relation to imports. Now According to Allan Ssenyodwa, a policy analysts from Uganda Manufacturers Association, […]
Mukono municipality Member of Parliament Betty Nambooze Bakireke is moving a private members bill to regulate Alcoholic drinks. Nambooze is fronting a bill known as the Alcoholic drinks control bill 2016 to repeal the Enguli Act of 1966 which is believed to not be a deterrent because of its weak penalties. She says that she is the […]
The programme leader Biodiversity and Biotechnology at the National Agricultural Research Organization Dr. Andrew Kiggundu has warned Ugandans to be careful on the grained food they eat that could be causing a risk of cancer. He says that some grained food especially ground nuts contain Aflatoxins which is dangerous and would cause cancer. He noted that some […]
The National budget for the Financial Year 2016/17 awaiting parliament approval hit a record of 27 Trillion Uganda Shillings going up compared to the last financial year of 24.1 trillion shillings due to unforeseen items which were not included in the Budget. This Financial year Budget 2015/2016 shot up to 24.1 Trillion Shillings from Shillings 18 Trillion […]
The State Minister for Investment Gabriel Ajedra has vowed to convince government to reduce on double taxation to Investors from Singapore for them to invest big in Uganda. Ajedra says double taxation and investment protection are the most challenges that scare away foreign investors in several countries. He made this pledge while addressing a business meeting between […]
Kilak county Member of Parliament in Amuru district Gilbert Oulanya has tabled before parliament pieces of fake salt being sold to people which opened u MP’s eyes, calling for more scrutiny for the goods flowing into Ugandan market. He told parliament chaired by Rebecca Kadaga that this salt is being imported from Kenya and sold to […]
The private sector and business community have tasked the East African legislative Assembly to engage the two heads of state from Kenya and Uganda to resolve on the issue of exporting Ugandan sugar to Kenya. The private sector and business community represented by the members of the Uganda Manufacturer Association, Uganda Bureau of standards and Uganda […]
Members of parliament on the parliamentary committee on finance have grilled Bank of Uganda and the ministry of finance officials over missing accountability of 200 billion shillings given to bank of Uganda for recapitalization in the ending financial year. This was discovered by members of parliament while meeting the minister of state for planning David Bahati […]
Vendors in Kasubi market are accusing their leaders of conniving with Kampala city council authority to evict them from the market without getting them an alternative place where they can operate from. The vendors made the allegations during a meeting with the area MP Moses Kasibante and the mayor of Rubaga Nabossa Joyce Ssebugwawo. The mayor Nabossa Sebugwawo says […]