Deputy Speaker Thomas Tayebwa The Deputy Speaker of Uganda’s Parliament, Thomas Tayebwa has backed the move by Bank of Uganda after the Central Bank reportedly rejected the approval of a non-Ugandan as the Chief Executive Officer of Stanbic Bank Uganda, saying Uganda should join nations like Kenya and South Africa that ring fence such
Read MoreYear: 2025
Sectoral Linkages: An Opportunity for Different Sectors of the Country to Participate in Oil and Gas for Economic Development
By Peninah Aheebwa The Oil and Gas sector in Uganda has progressed to the development phase with an expected total investment of US$ 20 billion before the production of the first oil due in 2025. This investment is being made mainly in developing infrastructure for producing petroleum from the discovered
Read MoreHenry Musasizi, Minister of State for FinanceGovernment through the Ministry of Finance, Planning and Economic Development has proposed to impose tax on fuel products like Motor spirit (gasoline) Shs1550 per litre, Gas oil (automotive, light, amber for high speed engine) Shs1230 per litre and Illuminating kerosene Shs500 per litre. This
Read MoreBy Denis Jjuuko A friend set out to start a business. He went out to do a business plan and all those things they teach at business school. He saved his ka-money and went on to implement his ideas. Like almost all business plans, his too showed profitability at some
Read MoreTrucks parked at China Henan International Cooperation Group's yard. The African Development Bank (AfDB) has debarred Chinese road builder China Henan International Corporation Group (CHICO) for engaging in “fraudulent activity” in a project the lender is funding in Uganda. The ban on the Henan-based constructor will last 12 months effective
Read MorePassengers going through Entebbe Airport Entebbe International Airport has recorded passenger influx of over 6, 000 per day for the third straight month, Uganda Civil Aviation Authority (UCAA) has said. UCAA Spokesperson, Vianney M. Luggya, says in February 2024, Entebbe Airport handled 83,483 arriving and 93,884 departing passengers, a total of
Read MoreKole District officials have asked farmers to embrace cocoa growing. Currently, around 145 farmers in Lango are cultivating the crop. During a field trip to Trinity Mixed Farm located in Rego-rego trading center in Dokolo district Andrew Awany, the LCV Chairperson explained that the District will provide seeds for the
Read MoreThe Customs team of the Uganda Revenue Authority (URA) has intercepted two travelers with over 70 high-end phones. In the month of March, the Entebbe Airport Customs team focused on combating the illicit importation of phones from various destinations worldwide by travelers. Nothing could have prepared the team for the
Read MoreThe future of Uganda’s Hass avocado industry is promising, with prices continuing to climb in the local and global markets. The National Agricultural Advisory Services (NAADS) global market is currently valued at over $8 billion and is projected to reach more than $ 20 billion in 2026. NAADS says there
Read MoreL-R: PS Irene Pauline Bateebe, Outgoing State Minister for Energy (Minerals) Peter Lokeris hands over office to incoming Minister of State Phiona Nyamutoro as Dr. Ruth Nankabirwa Sssentamu looks on. Photo by Dominic Ochola The Uganda National Oil Company – UNOC will effective May 2024 start importing petroleum products into
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