Business news

Makerere’s Augustus Nuwagaba says Uganda 2010/2011 budget theoretical

A Lecturer at Makerere University, Prof Augustus Nuwagaba has criticized the government for always making what he called highly theoretical budgets. This comes hardly a month after the reading of the National Budget of Uganda for the financial year 2010/2011 by Finance Minister Syda Bbumba, which though revealed that Uganda’s economic growth had continued to […]

Uganda Wildlife exhibition at Nomo Gallery Kicks off

The Annual wildlife exhibition organized by Nomo gallery kicked off on Saturday July 3, 2010 at the Nomo Gallery offices in Nakasero. The exhibition that will take place every day up to 30th July is an exhibition that is aimed at creating awareness on the wild life industry in Uganda. The organizers of the exhibition […]

Diageo Africa Business Reporting Awards 2010 Winners Announced

PRESS RELEASE Winning work reveals the dynamism of African industry and represents those leading the way in international business reporting on Africa London – Thursday 1 July 2010 Diageo, the world’s leading premium drinks company, has announced the winners of the 2010 Africa Business Reporting Awards at a ceremony in London tonight. Now in its […]

UN says ASTIEF to spur African development

The director of ICT, Science and Technology Division at the United Nations Economic Commission for Africa (UNECA) Aida Opoku-Mensah has indicated that the newly formed African Science, Technology and Innovation Endowment Fund (ASTIEF) will get Africa out of poverty because it will help operationalise scientific research and ideas. Speaking at the recently concluded African conference […]

Activists call for transparency among East African Community countries

The Executive Director of African Policy Network Victoria Serunkuma has appealed to all the five East African Countries that form the East African Community bloc to ensure transparency to enable the success of the East Africa Common Market. The five member countries that form the East African Common Market which was operationalised on 1st June […]

UMEME wants to use new billing system to improve customer service

UMEME wants to use new proposed billing system to improve its customer service delivery. The billion shillings system is aimed to cater for pre-payment of power bills as opposed to the current one. The new system is part of UMEME’s new Customer Management System intended to enable the company to efficiently improve customer service and […]

Otafiire attacked at land debate in Makerere

The students of Makerere University put Uganda’s minister for Trade, Tourism and Industry, Maj. Gen. Kahinda Otafiire to task to explain his reported ownership of large chunks of land in Buganda kingdom yet most indigenous people in Buganda are landless. Otafiire was reportedly at Makerere today to attend a political debate on land that was […]

Uganda dairy products to lead East African market

The Uganda Diary Development Authority Director Nathan Twinamasiko has indicated that Uganda Diary products will dominate the East African Market following the coming into effect of the East African Common Market because of their high quality. The East African Common Market protocol which comes into effect today (1st July 2010) will allow unrestricted flow of […]

Experts’ advice Uganda not to ignore other sectors of the economy in favour of oil

The government of Uganda has been advised by the International Monetary Fund’s (IMF) to desist from ignoring other sectors of the economy in favor of the oil sector to enable proper growth and development of the economy. Uganda recently discovered oil in the western Uganda Abertaine region worth billions of barrels. Commercial exploitation is expected […]

Uganda MPs call for the establishment of an Agricultural bank

Uganda Members of Parliament have called for the establishment of bank specifically meant to pay attention the needs of the Uganda farmers. Uganda government recently scaled up its efforts to allocate funds for credit to farmers from 30 billion shillings to over 90 billion shillings according to the 2010/11 Uganda National Budget. The credit would […]

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