Business news

MP Lukwago says Reducing Boda Boda registration fees not a solution to problems

The Uganda opposition Member of Parliament for Kampala Central Division Erias Luikwago has indicated that reducing the registration fees for Uganda Boda Boda riders will not help them get out of poverty. During the reading of the 2010/11 Uganda National Budget by Finance Minister Syda Bbumba, at Kampala Serena Hotel on 10th June, 2010, registration […]

Ugandans urged to be cautious on East African Common Market

Representatives of Uganda on the East African Legislative Assembly (EALA) have urged Ugandans to be cautious with the East African Common Market and understand its protocols before getting excited by the privileges that arises from it’s implementation. The East African Common Market slated to commence on 1st July 2010 will enable East Africans freely move […]

Environmentalists to petition Museveni to make oil deal public

Environmental activists are planning to present a petition to President Yoweri Museveni demanding that the production sharing agreements from the oil exploration process be made public. Led by the Uganda’s Shadow Minister of Environment, Beatrice Anywar, the activists want to compel government to reveal to the public the contents of the agreement. Anywar, who is […]

Road audits to increase accountability, says Uganda’s Auditor General

The Auditor General, John Muwanga has expressed confidence that audits on the roads would increase accountability in Uganda. Presenting the national budget for 2010/2011 on Thursday at Kampala Serena Hotel, the Minister for Finance Syda Bbumba said the Auditor General would start carrying out technical audits on roads for proper accountability. The country’s poor state […]

Syda Bbumba says Uganda to use oil for development

Uganda finance minister says Uganda oil going to be a blessing The Uganda minister of finance Hon. Syda Bbumba has indicated that the recent discovery of oil in the Albertaine region of western Uganda will be a blessing to the country’s economy because of the good oil management systems the government is putting in place. […]

No new taxes, or tax increases in Uganda’s budget

The Uganda Revenue Authority is expected to collect  5,344 billion shillings in the 2010/2011 financial year which will fund more than 60% of the 2010/2011 budget for Uganda. The Minister of Finance, Planning and Economic Development, Syda Bbumba says the government of Uganda will not introduce any new taxes but provide stability for the business […]

Tullow oil urges government to publish Uganda oil agreements

Tullow oil has come out to appeal to Uganda government to publish oil agreements because of the public need for these agreements to be published. This follows continued public outcry as a result the government’s refusal to make the oil agreements signed with Tullow Oil Company public. The General Manager of Tullow Company Dr. Brian […]

East African Portland Cement to set up factory in Uganda

Kenya based East African Portland Cement has announced plans to set up a similar company in Uganda in order to boost their presence in the East Africa Community whose customs union will become operational on July 1st 2010. Eng. John Nyambok, the Managing Director of East African Portland Cement says the company will set up […]

Uganda traders not ready for East African Common Market

Kampala City traders have indicated that they are not ready for the East African Common Market because of low levels of industrialization in Uganda. The spokesman of the Kampala City Traders Association Issa Ssekito says, the situation is further worsened by the nature of Uganda which is landlocked. The East African Common Market Treaty, which […]

PSFU set to review budget speech on Friday

The Private Sector Foundation of Uganda (PSFU) is set to review the Uganda 2010/11 budget speech to enable it take note of the concerns of the Uganda private sector. The review conference dubbed ‘Post Budget Review Luncheon’ will take place on Friday June 11, 2010 at Uganda Manufacture’s Association (UMA) show grounds main exhibition hall. […]