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Business & Economics | Uganda Multimedia News & Information
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Business & Economics

Uganda Christian University (UCU) partners with private sector in rice, coffee value addition

Uganda Christian University (UCU) partners with private sector in rice, coffee value addition

Uganda Christian University (UCU) Mukono has launched an initiative to add value to Ugandan processed rice. This is aimed at encouraging students to practice agriculture after school. Through a partnership with the Uganda private sector dealing in quality rice and coffee processing, UCU is set to train agribusiness students unique ways of adding value to […]

Government enters deal with US company to manufacture smart phones in Uganda

Government enters deal with  US company to manufacture smart phones in Uganda

The Uganda Government has entered into a deal with an American-based company, CTI Africa, to start manufacturing smart mobile phones in Uganda. The phone production will be conducted by LifeMobile, which is also a member of CTI Africa on 6th Street in Industrial Area. The announcement was made by Evelyn Anite, the Minister of State […]

UK Investors struggle to get Shares in Uganda oil sector

UK Investors struggle to get Shares in Uganda oil sector

Investors from the United Kingdom have paid a second visit to Uganda to pave way on how they can improve their chances at acquiring some shares from the Uganda oil and gas sector The businessmen from 11 UK companies, that deal in petrochemical, pipeline, power and renewable industries, met up with senior Ugandan delegates on […]

Uganda in Shs41 trillion debt

Uganda in Shs41 trillion debt

The State Minister of Finance for Planning, Hon David Bahati, has declared that Uganda’s public debt is at Shs41 trillion, which is an equivalent of US$10 billion. In a statement to Parliament read by Bahati, government also said the debt stock has increased from US$2.5 billion in the 2006/2007 financial year to US$10.7 billion by the end […]

MakaPad inventor Dr Moses Musaazi dies

MakaPad inventor Dr Moses Musaazi dies

Makerere University scientist, Dr. Moses Kiiza Musaazi, who invented the first enviromental friendly pads, Maka pads has died. Musaazi is also the inventor of the   MakaStove, a pocket friendly stove that can save up to 50% of fuel compared to others in the market. Makerere vice-chancellor, Prof. Barnabas Nawangwe describes the fallen don as one of the “most […]

Total Commences Specialised Training of Welders in Albertine Region

Total Commences Specialised Training of Welders in Albertine Region

Total E&P Uganda, the mastermind of the Tilenga and East Africa Crude Oil Pipeline Projects EACOP has started trainings on the first batch of students for the today welders training programme launched earlier this year. Over 200 students are targeted in the strategy and are to be divided into 8 groups of 25 for the 2G […]

Museveni orders sacking of URA staff over Shs4b tax row

Museveni orders sacking of URA staff over Shs4b tax row

President Yoweri Museveni last week ordered for the suspension of Uganda Revenue Authority (URA) official Geoffrey Olaka together with other staff on allegations of  refusing to clear the machinery of Guangzhou Dongsong Energy Group Limited officials at customs. Dongsong is the Chinese company developing a $620m (Shs2.2 trillion) Osukulu industrial complex in Tororo District which will include […]

Speaker Kadaga orders for the lifting of the airtime scratch cards ban

Speaker Kadaga orders for the lifting of the airtime scratch cards ban

The speaker of Uganda Parliament, Hon.Rebecca Alitwala Kadaga, has ordered all telecom companies to return to the traditional way of loading airtime using scratch cards from the digitalized ‘easy go’. The speaker justified her decision saying that people in the villages are not well versed with the easy go method and therefore needed time to […]

Jinja municipal council organises Uganda’s first ever Urban Expo

Jinja municipal council organises Uganda’s first ever Urban Expo

Jinja Municipal Council is organizing Uganda’s first ever Urban Expo to be held at Civil Service College Jinja which is expected to attract more than 10,000 visitors from over 50 countries. The event is expected to run from the 5th to 9th of September 2018. According to the statement realized, “the main aim of the […]

President Museveni reduces mobile money tax to 0.5%, insists on social media tax

President Museveni reduces mobile money tax to 0.5%, insists on social media tax

This follows an outcry and anger from the citizens who,  rather than make mobile money transactions as was before the taxes, prefer to use public means such as motorcycles, taxis to transfer money as they found it cheaper to travel than incur the extra costs that come with the tax. For social media, users have […]

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