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Housing Finance Bank Inks Deal With Uganda Cooperative Alliance To Extend Affordable Financial Solutions To Cooperatives

BusinessFocus Reporter May 23, 20220

Michael Mugabi (R), the Managing Director at Housing Finance Bank says partnerships with credible and like-minded organizations play a very important role in ensuring that Ugandans have access to affordable financing Housing Finance Bank has today signed a partnership with Uganda Cooperative Alliance (UCA) as part of their commitment to providing affordable

Bitature’s Behaviour Of Borrowing Money & ‘Dubiously’ Refusing To Repay Dents Uganda’s Image As A Top Investment Destination – South African Lender

Francis Otucu May 23, 2022May 23, 20220

Simba Group Chairman, Patrick Bitature Vantage Capital Fund Managers Proprietary Limited has said the behavior of Simba Group and its Chairman Patrick Bitature in borrowing money from international lenders and failing to meet repayment and contractual obligations does not reflect well on Uganda’s international image as an investment destination, “nor

News

PPDA Launches Business Exposition 2022

BusinessFocus Reporter May 23, 20220

PPDA Executive Director, Benson Turyame while addressing the media in Kampala on Monday. The Public Procurement and Disposal of Public Assets Authority has in the bid to contribute to economic growth, connect businesses to effective procurement systems, and support local SMEs designed the PPDA Business Exposition 2022. The exposition will

ICT News

Airtel Joins Huawei, ICT Ministry To Transform Uganda Through ICT

BusinessFocus Reporter May 23, 2022May 23, 20220

Airtel Uganda has joined Huawei Uganda and the Ministry of ICT and National Guidance in a campaign to improve Uganda's service delivery, social and economic transformation through offering quality and affordable ICT services. This was executed through a Memorandum of Understanding that was launched between Huawei Uganda and the

Agribusiness News

First African Coffee Summit To Take Place In Nairobi As Continent Takes Centre Stage In Global Coffee Value Chain

BusinessFocus Reporter May 23, 20220

Coffee being dried on raised beds at Mugamba Farm in Kabarole district. Africa, the second largest continent in the world, is the birth place of both Arabica and Robusta coffee The first African Coffee Summit is scheduled to be held on 25-27 May 2022 in Nairobi, Kenya. It should be

News

Subsidies & Removal Of Taxes Will Collapse The Economy – Museveni

BusinessFocus Reporter May 23, 20220

Ugandan President Yoweri Museveni. He advises citizens to substitute expensive wheat with locally available food// AFP Ugandan President Yoweri Museveni says his government will not intervene in the current economic situation amid a rising cost of living. Prices of petroleum products, imported raw materials and food have been

Analysis & Opinions International News

Pakistan Overtakes Uganda As Top Market For Kenyan Exports

BusinessFocus Reporter May 23, 20220

A worker at Empire Kenya tea doing the packaging set for auction and export in this picture taken on 5 August 2020. PHOTO | LABAN WALLOGA | NMG Pakistan overtook Uganda as Kenya’s biggest export destination in the first quarter of the year, boosted by growth in tea exports. Exports

News

Businessman Bitature Speaks Out On His Financial Woes, Says He’s Resolved To Continue Transforming Uganda’s Economy

BusinessFocus Reporter May 22, 2022May 23, 20220

Simba Group Chairman, Patrick Bitature. Businessman Patrick Bitature has admitted that the last few days have been very tough for "me personally and for our group as a whole as we made news for all the wrong reasons." "No doubt as a businessman and one always looking for new pathways,

News

Oil Companies To Use Compulsory Land Acquisition On ‘Absentee Owners’

BusinessFocus Reporter May 22, 20220

The government, through the Petroleum Authority of Uganda has given a green light to companies to apply the controversy Land Acquisition Act of 1965 to complete the land acquisition process in the areas of oil and gas activities. This comes after the companies encountered a challenge of ‘absentee land users

News Oil & Gas

Hoima International Airport To Be Complete By February 2023

BusinessFocus Reporter May 22, 20220

Part of the 3.5km runway. The Airport is 78% complete/Business Focus photo Hoima International Airport in Hoima (also known as Kabaale), Uganda’s second international airport now under construction is due for completion nine months from now, according to the contractors. The immediate objective of the airport, 200 kilometers by air