Business news

Uganda may incur extra costs for In oil refinery construction

Uganda may incur extra costs for In oil refinery construction

The Uganda oil sector is likely to spend quite more money than the anticipated $4 billion for the construction of the Hoima-based oil refinery following the failure of the East African Community to buy the whole part of the share it was allocated. Although Total SA has taken up a total share of  10 per cent […]

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 […]

14,000 people to receive employment at Kiira motors start of Business

14,000 people to receive employment at Kiira motors start of Business

Kiira Motors Corporation is to employ over 14, 000 people when it starts locally assembling vehicles. The firm has already started training some of its staff for competence certification as they prepare to begin production in 2020. Eight technical employees have been undergoing metal welding and fabrication training at Lugogo Vocational Institute for three weeks […]

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 […]

Serena Williams In Partnership With Nike and Virgil Abloh for The Queen Collection

Serena Williams In Partnership With Nike and Virgil Abloh for The Queen Collection

Serena Williams has entered into a partnership with Nike and Virgil Abloh for The Queen Collection which will deal majorly in her sportswear. On Monday August 13, 2018, Nike announced that it has gone into a with the Olympic medalist and Off-White’s Virgil Abloh for the The Queen Collection. Serena is to appear in a set of attire […]

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 […]

Only 3% of Uganda’s adult population borrow from bank, survey

Only 3% of Uganda’s adult population borrow from bank, survey

Financial Institutions have been encouraged to develop innovative ways of delivering financial services to more Ugandans. The call has been made by the deputy Governor Bank of Uganda Louis Kasekende while launching the Finscope 2018 Financial inclusion Survey at Kampala Serena Hotel. The survey showed that 22% of the country’s adult population is still financially excluded with […]

MTN Uganda and StarTimes partner to offer mobile TV bundles

MTN Uganda and StarTimes partner to offer mobile TV bundles

Telecommunication Company MTN Uganda has today signed a deal with pay TV giants StarTimes Uganda that will ensure that the firm offer special MTN TV bundles for viewers to watch TV content for as low as 2,000 Uganda shillings for two hours per day using the StarTimes app. According to MTN Uganda Chief Marketing Officer […]