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Archive for 'Business'

I.M.F warns Uganda against wastfull expenditure of Oil proceeds

I.M.F warns Uganda against wastfull expenditure of Oil proceeds

The international monetary fund has warned Uganda against wasteful expenditure using oil proceeds. The IMF Resident representative Thomas Richardson was speaking at the open minds forum where Ugandans discussed expectations and opportunities from the oil resource. [...]

President receives Serb veterinary investors

President receives Serb veterinary investors

President Yoweri Museveni has received entrepreneurs from Serbia with whom he discussed economic development opportunities in Uganda. The Serbian delegation was led by the General Director of Victoria Group of Veterinarski Zavod Subotica, Ms. Natasa Pavicevia [...]

Business-Toyota Launches New generation Hilux and fortuner Models.

Business-Toyota Launches New generation Hilux and fortuner Models.

Toyota Uganda has launched the up graded Hilux and fortuner models for the Ugandan market. The upgraded models assembled in south Africa and toyotas world class manufacturing plant will go on sale to mainly government parastatals [...]

UPC asks the government to deal with dubious companies in agro industry

UPC asks the government to deal with dubious companies in agro industry

Since the country’s independence over 50 years ago, agriculture has been the major economic bedrock for most Ugandans; the UPC party has decried the government over a new wave of dubious companies that deal in farmer [...]

Centenary Bank, dfcu and Stanbic to fix youth money at 15% interest rate

Centenary Bank, dfcu and Stanbic to fix youth money at 15% interest rate

Finance Minister, Maria Kiwanuka has announced that the government together with three Commercial Banks are to fix the interest rate charged on youth money at 15 per cent for a period of six months from today. [...]

Over 100 households to get bioelectricity in Apac district.

Over 100 households to get bioelectricity in Apac district.

The World Bank in partnership with the Agency for Promoting Sustainable Development Initiatives (ASDI) and the Ministry of Energy and Mineral Development are launching a pilot project for the promotion of bio electricity in Uganda. The [...]

Mutebile speaks out

Mutebile speaks out

The central Bank Governor Emmanuel Tumusime mutebile says the bank of Uganda has no legal basis to determine how commercial banks can set interest rates on personal loans. Recently the business community through Kampala City Traders [...]

UIA Calls For Partnerships And Joint Ventures.

UIA Calls For Partnerships And Joint Ventures.

Uganda investment Authority has asked Ugandan businesses to go into joint ventures and partnerships and order to grow their businesses to a large scale. The chairman UIA Patrick Bitature was speaking at the official opening of [...]

Government Declines to stop food exports.

Government Declines to stop food exports.

The government has declined to stop the export of food out of the country as proposed by district leaders. Members of parliament,district leaders,civil society among others are taking part in the National consultations in Entebbe on [...]

Fuel Cell Power Generator that uses Water and methanol Launched in Uganda

Fuel Cell Power Generator that uses Water and methanol Launched in Uganda

PRESS RELEASE Mr. Mohamed Kalisa, Managing Director, Bankshire Technologies says: “Today, we have launched new and exciting solutions including fuel cell products that are green energy solutions. These are environmentally friendly solutions that do not produce [...]