President Yoweri Museveni has listed a number of agribusiness enterprises that will help 68% of Uganda’s population get out of subsistence farming and join the money economy. In his commentary on his just concluded wealth creation countrywide tour, Museveni says leaders should help the 68% of Ugandans who are still
Read MoreBusinessFocus Reporter
The World’s Wealthiest Family Gets Shs15 Billion Richer Every Hour
The 25 wealthiest dynasties on the planet control $1.4 trillion (Shs15 Quadrillion). The numbers are mind-boggling: $70,000 (Shs258.8 million) per minute, $4 million (Shs15.7 billion) per hour, $100 million (Shs369.8 billion) per day. That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since
Read MoreMuseveni: Uganda Can’t Develop When 68% Of Its Population Is Outside Money Economy
President Yoweri Museveni has appealed to all people and organisations working to promote trade and investment in Uganda to put more efforts towards uplifting the 68% of Uganda’s population who are still living the subsistence way of life so that they join money economy. He said that failure to do
Read MoreThe Fall Armyworm (FAW) is a new pest in Africa and is native to tropical and subtropical regions of the Americas. The pest is known to feed on over 100 plant species, with cereals most preferred. In Uganda, FAW has been observed feeding on maize, millet, rice, wheat, sugarcane and
Read MoreTop US Marijuana Firm Plans Cross-Listing On Nairobi Securities Exchange
A US company involved in the cultivation and processing of marijuana has announced plans to cross-list on the Nairobi Securities Exchange (NSE), putting to test Kenya’s resolve to maintain the drug on the list of banned narcotics amid legislative pressure to legalise it, Business Daily reports. The firm, Bangi Inc.,
Read MoreKenyan sports has been dealt a huge blow after gaming giants SportPesa confirmed they have cancelled all sports sponsorship in the country with immediate effect. SportPesa is a direct sponsor of the Kenyan Premier League (KPL) and two clubs that participate in the top-tier – AFC Leopards and Gor Mahia,
Read MoreA total of 16 new Authorized Economic Operators (AEOs) have been commissioned, bringing the number in Uganda to 66. An Authorized Economic Operator is a company, an organisation or individual authorized by a local customs administration to do self-customs assessment, having been found to comply with the World Customs Organisation
Read MoreUganda's National Identification and Registration Authority (NIRA) has revealed that birth certificates issued by the authority are authentic. NIRA was responding to local reports quoting the same authority saying that certificates in question are invalid. NTV quoted the Director Registrations and Operations, Brigadier Stephen Kwiringira. "Birth certificates issued by NIRA
Read MoreThe Indian High Commission in Uganda today commissioned the ‘Indian Corner’ at Victoria University library with the aim of uplifting the standards of education in the country. Ravi Shankar, the Indian High Commissioner to Uganda, who was the Chief Guest, said both countries have good bi-lateral relations. He noted that
Read MoreSpeaker of Parliament, Rebecca Kadaga has said that until government ensures every sub-county has a secondary school, there will be continued inequality in the education sector. Kadaga says it’s unfortunate that there some districts that up to now don’t have any secondary school and this has seen many girls who
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