Government has been challenged to create a clear framework to manage foreign direct investments in the country rather than do away with tax incentives to potential investors. According to an international tax expert, Logan Wort, tax incentives given to investors are wasteful because they make the country lose more revenue, thus crippling the economy. However, […]
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 […]
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 […]
The Jinja Municipality West Member of Parliament, Moses Balyeku petitioned parliament on the unlawful eviction of Main Street primary school and land give away by Jinja municipal council. Balyeku tabled the petition before parliament and it was sent to the committee of education to investigate the matter further. The speaker Rebecca Kadaga told the committee to […]
The minister of state for investment Dr. Ajedra Gabriel says that the country is losing many investors to other countries because are subjected to hard process of acquiring land compared to other countries. He says the country use bureaucratic procedures to enable investors to access land in Uganda. He says that Uganda is the only country in […]
Vice president of Uganda Edward Ssekandi has asked investors in the country to give back to the communities they work in, especially the needy ones as a way to supplement Government efforts to develop the country. Ssekandi has made the remarks while commissioning the 400 million shilling Paresh Ruparelia national academy at Mawugulu village, Nsangi Sub County in Wakiso district. Ssekandi […]
The Speaker of parliament Rebecca Kadaga has asked investors from Gulf countries to bring their business to Uganda to enable Ugandans get jobs. Kadaga made the call while meeting the Ambassador of United Arab Emirates to Uganda Abdulla Mohammed Al Takkawi who had paid courtesy call to the Speaker. Kadaga said that the United Arab Emirates embassy […]
The Uganda Investment Authority has called for more local investments in the country to ensure more balanced economic growth and development. The Chairman of Uganda Investment Authority , Patrick Bitature says foreign direct investments are dominating the country’s economy. He says there is need for a balance to ensure proper cash flow in the country […]
Buikwe district leaders are asking investors interested in power production at Irumba falls along River Nile to take it over immediately. Speaking during an investors forum, the district LCV chairman Mathias Kigongo said an estimated 120 megawatts of power is expected to be generated, once these falls are utilized. The irumba falls are located near […]
The new Uganda Investment Authority Executive Director, Dr. Frank Sebowa has warned investors against violation of investment guidelines that prohibit encroachment on wetlands. Concerns have been raised over environmental degradation especially on wetlands by investors accredited by the Investment Authority. Addressing his first news conference as Dr. Sebbowa has explained that the land is […]