The International Monetary fund (IMF) has hailed Uganda government for its good macro economic policy which has led to robust economic growth. The Macro economic policies include the fiscal and monetary policies which aim at setting better conditions for the growth and development of the national economy like stable national currency, attraction of investments and provision […]
The Uganda shilling has lost ground against the US dollar for the second day running. Financial experts in Kampala say the development has been caused by increased demand for the US dollar by Uganda local banks. Some of the Uganda banks are Stanbic, Centenary, Equity, Crane and Bank of Baroda among others. Most commercial banks […]
Scientists have indicated that the continuous warming of Africa’s deepest Lake Tanganyika threatens the livelihoods of millions of people who depend on it for food and employment because it reduces the fish populations. Over a million people in Tanzania, Zambia, DR Congo and Burundi directly depend on Lake Tanganyika for employment and food. The Lake […]
The Indian Telecommunications giant, Barti Airtel has indicated that it will partner with the Uganda government to reduce call charges through reduction in interconnection fees. Manoj Kohli, the International Chief Executive officer and joint managing director of Barti Airtel in a media statement seen by Ultimate Media on Tuesday (29th June 2010) says that the […]
Uganda Telecommunication Company popularly known as mango in some circles has joined other telecommunication companies in the country by introducing a 500 shillings airtime card. Uganda telecom now has airtime card from 500, 1,000, 2,000, 5,000, 10,000 and 20,000 shillings. It had been the only telecommunication company in Uganda that did not have the 500 […]
Tullow Oil Uganda is inviting companies to provide storage of crude oil. The specification of the required storage is as follows: 10,000-15,000 (1,500-2,400m3) capacity, heated, insulated and agitated, able to maintain a consistent fluid temperature of -65 degrees centigrade. The companies should also be able to provide fully bunded storage, appropriate firefighting facilities and capabilities, […]
The Commissioner of Uganda Revenue Authority (URA) in charge of domestic taxes, Moses Kajubi has asked Ugandans to pay their income taxes on time. He says all corporate taxpayers whose accounting date is 31st December should remit their first installment of the provisional income tax and submit the final returns for the period 31st December […]
Uganda President Yoweri Kaguta Museveni has appealed to the Uganda oil exploration companies to set up an oil refinery in the country so as to create jobs, address the problem of high oil prices and fuel shortage in the country. According to the Uganda State House spokesperson, Uganda President Museveni met with the executives of […]
The Uganda Investment Authority (UIA) Business Week for 2010 will take place between 5th to 7th August this 2010. The UIA investment week aims at showing investors the investment opportunities available in the country. The Coordinator of the UIA Business Week Mustapha Lubega, revealed in a press statement seen by Ultimate Media that there is […]
The Uganda Ministry of Lands, Housing and Urban development has constructed 13 new regional offices to decentralize land issues in the country. The development comes after Uganda Government recently passed the controversial Land Amendment Bill which empowers tenants from unlawful evictions from their landlords. The Spokesperson of the Uganda Ministry of Lands, Housing and Urban development Dennis […]