Plans are underway for members of the private sector led by the Uganda Manufacturers Association (UMA) to set up the Uganda Fraud Database. It is believed that the incoming database will provide a solution to the increasing levels of fraud and financial crime.Francis Gimara, the Head, Alp East Africa, and promoter of the database, said […]
President Yoweri Museveni has promised to remove the Fisheries Protection Unit (FPU) from the water bodies and hand over the administration of fishing communities to the elders.“In the month of May, I want you the people who are near the lakes to guide me, to get the elders of this area; they should be the […]
President Yoweri Museveni has implored Italian investors to support Uganda through investing in the East African country. “What we need from Europe is capital, not from the government but from the private sector which needs money in the form of profits. It’s a win-win formula,” he said. The President made the appeal today while meeting […]
The Minister of State General Duties Henry Musasizi reveals that the government is coming up with important reforms to grow the Capital Markets in Uganda. Musasizi made the revelation while meeting the Capital Markets Authority (CMA) Board and the technical team to discuss the operations of the Authority.”There is growing interest in Private Equity. There […]
It is dangerous for Europe to continue importing raw materials from Africa and some of the other places like Latin America and process them into finished products, President Yoweri Museveni has told the at the 3rd Uganda-European Union Business Forum 2024, at Speke Resort Munyonyo.“When you are exporting a raw material, like I will take […]
An investigation by Uganda Revenue Authority (URA) customs officials gathered information that different traders were dealing in different fake and risky cosmetics that promise to “brighten” and lighten skin colour and add “extra beauty” at Nabugabo, an arcade located in downtown Kampala.The tax body during the operation also found that different stores in Nabugabo were […]
By Stephen WanderaA national survey carried out in companies and nongovernmental organizations has identified the best employers in 2023. Out of over two hundred organizations that participated, fourteen have been identified as the best employers. The study commissioned by the Federation of Uganda Employers (FUE) and carried out by a team of independent researchers led by […]
The Director General of Uganda Investment Authority, Robert Mukiza, joined the Afrika-Verein der deutschen Wirtschaft, a foreign trade group that represents German-African businesses and institutions interested in investing in Africa, for a business forum on circular economy investment.”We are dedicated to encouraging & supporting circular economy investments that propel long-term national value creation & sustainable […]
A renowned economics professor and a global leader in sustainable development, Jeffrey Sachs, says the development of Uganda solely lies in the hands of Ugandans and not foreigners.”No one cares about your development other than you, Ugandans should prioritize their development before the foreign investors do,”, Prof. Sachs said. His words come at a time […]
The Minister of Finance, Planning & Economic Development, Matia Kasaija, is optimistic that the removal of Uganda from the Grey List by the Financial Action Taskforce (FATF) will unlock a host of benefits for Uganda’s economy.Kasaija said Uganda will have unrestricted access to international markets and credit hence providing a vital boost to the government’s socio-economic transformation […]
