By Aloysious Kasoma Tourism sector, Uganda’s top foreign exchange earner has potential to economically transform but it is being held back by limited creativity, investment and connection, a top industry player has said. Tourism contributed nearly US$7.3bn to Gross Domestic Product (GDP) in the financial year 2015/2016. This translates into
Read More
President Yoweri Museveni has praised management of Speke Resort Hotel Munyonyo for addressing the air conditioning challenge at the facility that hosted the just concluded East African heads of state Summit, Chimplyf reports. The president had earlier blasted his protocol officers for “working hard to inconvenience our guests” by
Read More
The future of regional retailer Uchumi Supermarkets hangs in balance, with efforts to get an investor to save it delaying to yield results. Uchumi quit Uganda in 2015 after accumulated unprecedented levels of debts. The latest from Kenya is that Uchumi Supermarkets will on Sunday close its prime Sarit Centre
Read More
Uganda’s President Yoweri Kaguta Museveni and his Kenyan counterpart Uhuru Kenyatta will Saturday February 24, 2018 officially commission the Busia One Stop Border Post (OSBP). The concept of the OSBP brings all government agencies from Uganda and Kenya together working under the same Roof to complete all entry and exit
Read More
The Uganda shilling weakened as the week came to an end, shedding off most of its gains, undermined by corporate and interbank demand during the week ending 23rd February 2018. Trading was in the range of 3650/3660. In the money markets, overnight funds traded at 8% while one week traded
Read More
President Museveni has vowed to ensure that power producers in the country don't charges high electricity costs for manufacturing. He says the cost of electricity in Uganda must not go beyond 8 American cents. Museveni said that the manufacturers must get electricity at 5 American cents. Museveni told the Joint
Read More
The Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has ordered a forensic audit into the supply of seed made by nine companies contracted by the National Agricultural Advisory Services (NAADS). The Committee Chairman and Bugweri County MP, Abdu Katuntu issued the directive following an interface with officials from
Read More
Uganda National Examination Board-UNEB generates unspecified amount of money through the sell of national examination results to parents and media houses. The quickest way to access the examination results is by use of Short Message Service-SMS Platforms, a paid for service across different mobile telecom platforms. Members of the public
Read More
President Salva Kiir should relinquish power to somebody who is anti-social, very selfish and is near him, said a top religious leader in the country in an open letter released this week. Reverand Canon Clement Janda said nothing would change if President Kiir continues to remain in power “As we
Read More
The President of the African Development Bank (AfDB), Dr. Akinwumi Adesina has made a strong case for increased American and global investments to help unlock Africa’s agriculture potential. He made the remarks as the Distinguished Guest Speaker, at the USDA’s 94th Agriculture Outlook Forum in Virginia on Thursday, on the
Read More
