Uganda business

Fake Rwenzori water processing plant closed in Masaka district

Police in Nyendo Masaka have closed a water processing factory for alleged production of unsafe and dangerous water for human consumption. The water factory belongs to one business woman in Masaka town identified as Florence Tibesigwa. The factory located at block ‘A’ Zone opposite Bride Drama primary school Nyendo Senyange division has been producing Rwenzori […]

Uganda government explains increase in sugar prices

The commissioner general of the Uganda revenue authority has explained the rise in the cost of sugar despite the government announcing a reduction in excise duty on sugar in the 2011/2012 budget speech. Alen Kagina has told MPS on the finance committee that hike is as a result of a fail in supply from sugar […]

Telecom companies asked to reinvest profits in Uganda or sell shares to Ugandans

President Yoweri Museveni has directed telecommunication companies in the country to sell off some shares to Ugandans. The president says it is unfair for these companies repatriating huge amount of “abnormal profits” they are making in the country with Ugandans not benefiting much. The President said he has been informed that the South African owned […]

Uganda taxi driver announce sit down strike

Taxi drivers and conductors have announced sit down strike protesting what they termed as exploit by UTODA. The Taxi drivers and conductors made the announcement at press conference held at Speke hotel in Kampala today. The announcement of the strike by drivers came after the Lord mayor advised drivers not to any fees to UTODA […]

Ugandans advised to join cooperative unions

Ugandans have been advised to form cooperative unions through which they can access loans for development. While presenting the paper on investment at the Christian forum in Kampala the chairperson Uganda investment authority Patrick Bitature says government can’t deal with an individual when it comes to financial support. He has therefore argued them to form […]

Kampala traders decry high import taxes

Traders in Kampala St. Balikuddembe Market in particular have asked government to review the taxes imposed on second hand products. The traders say that the government’s program of Prosperity for All will not be effective with factors like high taxes which hamper some people to engage in businesses. They say that because of exorbitant taxes […]