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 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 […]
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 […]
The government of Uganda has committed a sum of Uganda Shillings 100 billion towards re-stabilizing the maize prices.The money will be available in a weeks-time and channeled through Bank of Uganda Agriculture Credit Facility. A 15 per cent interest rate shall be levied from businessmen interested in getting the loan to buy the Maize grains […]
The Ugandan Community in South Korea has requested for government financial support to help boost trade between the two countries. This was during a meeting with a Parliamentary delegation Monday August 6, 2018 led by the Speaker, Rebecca Kadaga, at Glad Hotel, Seoul in South Korea. The Chairperson of the Ugandan Community in South Korea, Paul […]
Many people use the internet to find answers to various questions everyday. “How to attract money” is one of the trending topics on the internet, according to Shelly Bullard, a writer on mindbody green, “the greater reality about wealth, it is a state-of-mind. When one learns how to have a wealthy state-of-mind, they are then […]
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 […]
Minister of finance Matia Kasaija has apologised to the parliament for the statement he made accusing Parliament of passing a 1% tax on mobile money which wasn’t the position of the Ministry. This happened after Speaker of parliament Rebbecca Kadaga asked Matia Kasaija to make an apology to the parliament during a session on 11th July 2018. Minister Kasaija apologized to MPs for the […]
Story By Sierra Ruth Stanbic bank Uganda is to invest UGShs. 400 Million in micro and small scale agribusinesses. It has partnered with CURAD, an agribusiness to bring about agribusiness development. The main aim of this partnership to target micro and small agriculture business through offering management skills. It also includes training the small business owners to explore […]
1. Borrowing to start Business Never borrow money that accrues interest to start a business. That is to say, never borrow money to start a business expecting that the business will generate income to pay back the borrowed money plus the interest. Businesses have their own short comings so when it comes to starting a […]