The increase in inflation rates has been mainly attributed to cabbage prices, which have risen abnormally. The annual inflation, as measured by the consumer price index for the last 12 months ending July 2024, was registered at 4.0 percent, up from 3.9 percent in the same period ending June. According
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Don Wanyama, the Managing Director/Chief Executive Officer at New Vision Printing and Publishing Company Limited New Vision Printing and Publishing Company Limited has announced a loss in profit for the financial year ending June 30, 2024. In a profit warning announcement to shareholders, potential investors, and the general public, Don Wanyama,
Read MorePaul Isaac Musasizi - CEO of Kiira Motors addresses the press during the media roundtable as Allan Muhumuza - Team Lead, Mobility Bureau at the STI Secretariat (right) looks on. Kiira Motors Corporation (KMC) has announced Uganda’s first e-Mobility Expo and Kiira Vehicle Plant (KVP) Open House– which is taking
Read MoreCoffee Export Good But Protect Farmers By Consuming Some Of It Locally
Farmers are increasingly earning big from coffee exports/Business Focus photo By Denis Jjuuko For a few years, coffee prices have been rising greatly crossing the Shs13,000 per kilo mark for the fair average quality or what is known as kase thereby turning many farmers into millionaires. Some of them instantly.
Read MoreUIA Director General Robert Mukiza (4th R) and Daudi Migereko (4th L) with Kikuubo traders at UIA Head Office in Kampala The Uganda Investment Authority (UIA) has unveiled a groundbreaking initiative to encourage traders in Kampala’s business hub, popularly known as Kikuubo, to transition from trading in imported products to manufacturing them locally. The “Transitioning Kikuubo
Read MoreDr. Bernard Ogwel/Courtesy photo The Ministry of Finance, Planning, and Economic Development has declined the appointment of Dr. Bernard Ogwel as the accounting officer of the National Council of Sports (NCS). On July 30, 2024, the Chairman of NCS, Ambrose Tashobya, wrote to Finance, recommending Ogwel as the Council's accounting
Read MoreTraders went on strike after meeting the President over EFRIS failed. A section of traders in Kampala on Wednesday closed their shops, demanding a meeting with President Yoweri Museveni. The strike comes after Museveni called off a planned meeting on Tuesday with the traders, who are protesting against EFRIS and
Read MoreChinese national who have been Convicted appearing before the Court The Utilities, Wildlife, and Standards Court has fined seven Chinese nationals 217 million shillings for drilling the Lwera Wetland. On Wednesday, the Court sitting in Makindye presided over by Chief Magistrate Gladys Kamasanyu ordered each of the seven to pay
Read MoreThe National Agricultural Research Organization-NARO has finalized plans to introduce biodegradable hair extensions to the Ugandan market. The hair extensions are extracted from the banana stems after harvesting the banana crop. The scientists argue that parts of the banana crop which were often disposed of or used for mulching, can
Read MoreSPIRO Motorbikes Launches In Uganda; Committed To Promote Sustainable Solutions In Africa
Guarav Anand the Spiro Country Director and TAKC's Rosa Malango at the signing ceremony SPIRO, Africa’s largest EV manufacturer on July 26th 2024 signed an agreement with Tumaini African Knowledge Center (TAKC) to strengthen their shared vision and commitment to promote sustainable solutions in African nations. For two years, TAKC
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