Archive for 'Business'

Bank rate maintained at 21%.

Bank rate maintained at 21%.

The Governor Bank of Uganda Emmanuel Tumusiime Mutebile has announced a maintained Central Bank Rate at 21%. This was during the bank’s monthly press conference which took place at Bank of Uganda Headquarters. Mutebile was earlier [...]

“Integration promotes business” – President Museveni

“Integration promotes business” – President Museveni

President Yoweri Museveni has said the integration of the East African region will go a long way in the promotion of business transactions as well as boosting of the production of goods and services. He noted [...]

Mv Kawa to resume cargo transport.

Mv Kawa to resume cargo transport.

The government has completed the rehabilitation works on the dilapidated MV Kawa ship at Port bell Luzira. Cargo transport via Lake Victoria had stalled since the defunct MV Kabalega sunk into Lake Victoria after a collision [...]

Uganda to take over Chairmanship of East African Business Council.

Uganda to take over Chairmanship of East African Business Council.

Uganda is taking up the leadership mantle of the East African Business Council, a regional apex body for the Private Sector in the East African Community region covering Burundi, Kenya, Uganda, Rwanda and Tanzania. The new [...]

U.R.A launches new business solution.

U.R.A launches new business solution.

Uganda Revenue Authority (URA) has launched a new service where privileged companies will be allowed to clear their goods online and have their goods taken directly to their final destination without going through the customs verification [...]

No incentives to non performing companies – Rugunda

No incentives to non performing companies – Rugunda

The government has warned that it will not give incentives to non performing private companies. The Information and Communication Technology (I.C.T) Minister Dr Ruhakana Rugunda was speaking at the opening of the Business process outsourcing meeting [...]

Ugandans urged to tap opportunities.

Ugandans urged to tap opportunities.

The government has asked Ugandan businessmen dealing in Air cargo to take an advantage of the Aviation conference being held in Kampala to network and boost their Aviation Business. Uganda is Hosting Over three hundred participants [...]

EAC grants Rwanda extension of duty waiver on sugar as Sectoral council concludes.

EAC grants Rwanda extension of duty waiver on sugar as Sectoral council concludes.

The Ministerial Session of the East African Community (EAC) Sectoral Council on Trade, Industry, Finance and Investment concluded in Arusha, Tanzania by granting a request by Rwanda for an additional six-month duty waiver on sugar imports, [...]

KACITA to expand.

KACITA to expand.

The Kampala City Traders association (KACITA) has announced its plans to open up branches   in various parts of the country to include traders outside Kampala. The Chairman (KACITA) Evaresto Nyanzi says they are also going to [...]

Bank of Uganda appoints advisor for National Bank of Commerce

Bank of Uganda appoints advisor for National Bank of Commerce

Bank of Uganda has appointed an advisor to advise National Bank of Commerce (NBC) on its affairs. The decision is in exercise of the Banks  powers under section 82 of the Financial Institutions Act, 2004. The [...]