Business news

Parkyard traders petition Parliament over M7’s 2 billion pledge

Parkyard traders petition Parliament over M7’s 2 billion pledge

PARKYARD traders under their umbrella association, New Agenda Traders Development Association Parkyard have petitioned Parliament seeking assistance to help them acquire the two billion shillings that was promised to them by President Museveni when their market caught fire. The traders led by their Chairperson, Kassim Sebadduka and Secretary General Muhammed Musisi while presenting their petition […]

Kadaga wants government to speed up the landlord and tenants regulatory bill

Kadaga wants government to speed up the landlord and tenants regulatory bill

Speaker of Parliament, Rebecca Kadaga, has tasked government to explaining the continuous delay in tabling a proposed bill that seeks to regulate landlords and tenants in the country. The move follows a petition from Kampala City Traders Association (KACITA) demanding that Parliament enacts a law to regulate landlords and tenants to save the frequent confrontations […]

SACCO members want government to scrap taxes on their savings

SACCO members want government to scrap taxes on their savings

Proprietors of SACCOs across the country have urged government to scrap taxes against them to enable their members prosper at a higher rate through their various activities that they set up. The board chairperson on one of the SACCOs under the names of Shuuku SACCO ltd, Stephen Bongonzya, while appearing before Parliament’s committee on finance […]

Drastic drought affecting food production in the country, Bank of Uganda

Drastic drought affecting food production in the country, Bank of Uganda

Bank of Uganda has reported drastic raise in annual crop inflation in the last three months. This comes at the time when many parts of the country is experiencing drought which is likely to last until the end of this year, according to weather experts. While releasing the monitory policy statement for October  2016, the […]

Micro-finance minister in campaign to rid SACCOS of cheats

Micro-finance minister in campaign to rid SACCOS of cheats

The State Minister for Micro Finance, Haruna Kasolo Kyeyune has launched an operation in Kampala and Wakiso districts to search for all those managers who keep on disappearing with the savings of the members of Savings and Credit Cooperative Societies (SACCOS) groups. While meeting members of Nakasero eyeterekera cyclists and vendors SACCO at Nakasero market […]

Africa’s economic growth to fall 1.6% in 2016 – World Bank

Africa’s economic growth to fall 1.6% in 2016 – World Bank

In their October 2016 report: Africa’s pulse, An analysis of issues shaping Africa’s economic future, the World Bank Group notes that after slowing to 3 percent in 2015, economic growth in Sub-Saharan Africa is projected to fall to 1.6 percent in 2016. That is half of what it was last year and the lowest level […]

Chinese have not received sand mining permits: NEMA

Chinese have not received sand mining permits: NEMA

The National Environment Management Authority (NEMA) says that it has never given sand mining permits to Chinese to operate in Lwera wetlands in Kalungu district. This follows members of parliament recently protesting against the mining of sand in Lwera wetlands and in Lake Victoria by Chinese. The Executive Director of National Environment Management Authority, Tom Okrot, […]

Bugishu asks UMEME to lower tariffs

Bugishu asks UMEME to lower tariffs

Legislators from Bugishu region have asked Umeme to lower the cost of electricity to make it affordable, to the ordinary Ugandans. The lawmakers made the appeal  during a consultative meeting with Umeme officials on how they can assist the company on reducing power theft in the region. According to Umeme Bugishu regional manager Trevol Higenyi […]

PAC faults ministry on market construction failure

PAC faults ministry on market construction failure

The public Accounts committee of parliament has faulted the ministry of finance and local government for failure to work on Busega, Nyendo Masaka markets now six years since the 10 million dollar loan for this project was approved. Members of parliament on the committee were querying the ministry of finance officials over none performance of loans. […]

Dairy authority to extend ban on loose milk transportation

Dairy authority to extend ban on loose milk transportation

Dairy Development Authority is to extend the ban of transporting loose milk to upcountry areas as a measure of selling unprocessed milk which could be harmful to the consumer. In 2014  DDA banned the transportation of loose milk especially in Jerry cans they could easily be contaminated  by germs because of being unprocessed. The Acting Manager […]

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