The Minister of State for Trade, Harriet Ntabaazi, has revealed that 30 MPs are facing criminal investigation into their role in the embezzlement of Shs164Bn meant for cooperatives compensation.She revealed that the Criminal Investigation Directorate (CID) has started working on the files. She said among the MPs being investigated are five from the opposition. “We shall […]
The monthly headline Stanbic Purchasing Managers Index (PMI) rose from 52.4 recorded in October to 53.4 during November, reflecting a continuing trend of sustained growth in private-sector activity, with both output and new orders rising for a sixteenth consecutive month due to solid consumer demand.Commenting on the latest findings, Christopher Legilisho, Economist at Stanbic Bank […]
President Yoweri Kaguta Museveni has reiterated his position on access to markets, stressing that it is to everyone’s advantage and beneficial to all countries trading together. “Now after the liberation of Africa, what we need is economic development and transformation. Here we need four factors. Human resource development, infrastructure development, investment and the production of goods […]
President Yoweri Museveni has appealed to China to open their market more for finished goods instead of raw materials. Museveni made the remarks on Wednesday 22nd November 2023 while meeting a delegation from the National People’s Congress of China led by the standing committee’s Deputy Chairman Luosang Jiangcun at State House Entebbe. The President noted that […]
President Yoweri Museveni has said that the government will continue protecting local manufacturers from unfair competition with their foreign counterparts. “Protection of local industries; that one must be done, and we need to start with other East African countries to promote the local industries by putting taxes on the imported final products and at some […]
The Uganda National Bureau of Standards has held a workshop with business association leaders where it explained and emphasized the need for businesses to acquire a quality standadrds certification. The meeting held in Kampala on Tuesday focused on UNBS standards, certification and compliance procedures and processes to enable a smooth working relationship between the standards agency […]
A video being shared on various social media showing a leaking roof at airport was not recorded at Entebbe International Airport, Uganda Civil Aviation Authority (UCAA) has clarified. According to different sources, the video was allegedly recorded at Jomo Kenyatta International Airport (JKIA) in neighboring Kenya. The video pictures show water outpouring from a roof […]
Entrepreneurs seeking new financing for their businesses have been reminded of the importance of making a good first impression when pitching potential investors.Timothy Nzioka, the Director of Program Operations for Africa at the United States African Development Foundation (USADF) says practice and preparation is vital.He says that investors appreciate a compelling story hence the need […]
President Yoweri Museveni commissioned a Marine Pier at the Sustainable Base in Ntokoro, Mayuge District. The President explained that the Marine Brigade is very vital in ensuring security on water bodies. The President highlighted the security implications Uganda faces with 20 percent of the country being under fresh water, some of it is on the […]
President Yoweri Museveni has assured Ugandans that the country has a ready market for their value-added products. “If you do agriculture and then add value to your products through a processing factory, you will need a third step and that is market,” the country’s leader said. “If they don’t buy your products, then you’re going to […]