The government of Uganda has sought the permission of Parliament to borrow 108 billion shillings from the International Fund for Agricultural Development to finance the second phase of the Vegetable Oil Development Project. The project which was conceived in the 1990’s to reduce Uganda’s heavy reliance on imported vegetable oil in its first phase has […]
Businesspeople and entrepreneurs from across Africa have been called upon to submit their entries for the 2010 Legatum Africa Awards for Entrepreneurship The 2010 Legatum Africa Awards for Entrepreneurship is now open for entries from the very best small and medium-sized businesses from across 15 countries in sub-Saharan Africa. The Grand Prize is US$100,000 (about […]
The Anti corruption court’s chief magistrate, Irene Akankwasa has set the 20th of September 2010 to start hearing abuse of office case against the former managing Director of the National Social Security Fund Fund, David Chandi Jamwa. Jamwa is facing two charges of abuse of office and causing financial loss to the National Social Security Fund. […]
Tullow oil, the leading oil prospecting company in Uganda has revealed it is about to conclude the purchase of Heritage Oil’s stake in the Kingfisher1 block where most of the oil wells confirmed in western Uganda are located. Heritage oil and Tullow oil had 50% -50% license stake in the Kingfisher1 block. Heritage Oil decided […]
Makerere University has announced its intention to enter the real estate industry in Uganda with construction of a five star hotel, hostels and constructing a satellite city. The Vice Chancellor of Makerere University, Prof. Venansius Baryamureba has told journalists in Kampala today that the university is looking for partnerships with the private sector to develop […]
United Kingdom based Tullow oil plc has announced a change in the currency in which it presents its results from Pound Sterling to the US dollar. The company in a statement on Tuesday said the change takes effect from January 1st 2010. Tullow says since the majority of Tullow’s activities are in Africa where oil […]
The Minister for Trade and Tourism Kahinda Otafire has urged women in Uganda to embrace co-operatives as they are a tool that can foster women’s quick progress in enterprise development. Ottafire has told Journalists at Parliament that enterprises provide an equitable form of enterprise development for both urban and rural areas. He says enterprises […]
The Uganda Communications Commission is in discussion with mobile telecommunication service providers in Uganda to ensure interconnectivity rights between Uganda’s telecom in order to see have flat call rates across all mobile phone networks. Fred Otunu, UCC’s Consumer Affairs Officer says the communications regulatory agency wants to ensure mobile phone subscribers in Uganda do not […]
Farmers in Uganda have been called upon to plant maize, beans and other cereal crops that are bought by the World Food Programme in order to benefit from the agency’s new initiative to purchase food commodities directly from farmers. Stanlake Samkange, WFP Country Director in Uganda says under Purchase for Progress WFP is buying commodities from […]
Experts have given an above average ranking for Uganda’s economy saying the East African country’s business outlook is positive, despite an expected decline in the global economy. Companiesandmarkets.com which rates economies all over the world said in their quarterly report that Uganda’s economy will continue to experience growth, in big part due to being domestically […]