Uganda’s export earnings in May 2024 amounted to USD 891.97 million (Shs3.279Trn) a 39.4% increase from US$639.86million (Shs2,352,573,262,000) in April 2024, the Ministry of Finance has revealed. The details are contained in the Performance of the Economy Monthly Report for June 2024 that was released recently, with Government attributing the growth in exports
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Ugandans seeking employment in the oil refinery in the Albertine Graben need to be patient as the negotiations go on. State Minister for Energy, Okasaai Opolot says Ugandans will get jobs during and after the construction of the refinery. The government of Uganda plans to develop 60,000 barrels of oil
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Henry Musasizi The Minister of State for Finance, Planning and Economic Development (General Duties), Henry Ariganyira Musasizi has admitted that the government is struggling to trace the impact of Parish Development Model (PDM) program at grass root level across the country. Launched by President Yoweri Kaguta Museveni in February 2022,
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In a significant move to further strengthen Uganda's investment climate, Uganda Baati met with Col. Edith Nakalema, the head of the State House Investors Protection Unit. This meeting marks an important milestone ahead of Uganda Baati’s 60th-anniversary celebrations. During the engagement, Col. Nakalema emphasized the government’s dedication to fostering a
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The Uganda Law Society (ULS) has released a damning quarterly report on the state of the rule of law in Uganda, highlighting alarming breaches and concerns. The report released on Friday in Kampala exposes threats to academic freedom, undue delays in resolving complaints by the Uganda Human Rights Commission (UHRC),
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President Yoweri Kaguta Museveni has thrown his weight behind medium and small financial sector players demanding a one stop regulation centre, saying that multiple centres lead to confusion in which gullible Ugandans may be abused and exploited. The President whose message was delivered by the Minister of the Presidency minister
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New PAU Board, Lynda Biribonwa State Minister for Energy, Okaasai Sidronius Opolot has tasked the new Board of Directors of the Petroleum Authority to ensure that Uganda begins oil flow by 2025. Okaasai Opolot made the call on Friday while presiding over the inauguration of the new PAU board that
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Humphrey Asiimwe, CEO - UCMP Small and Medium Enterprises (SMEs) have been urged to enhance their capabilities to benefit from the oil and gas sector and sustain operations beyond the first oil period. John Walugembe, Executive Director of the Federation of Small and Medium-sized Enterprises Uganda (FSME), emphasized this during
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Enwealth Financial Services Group Managing Director Simon Wafubwa making his presentation during the breakfast. Uganda needs to widen her pension reforms to address challenges of governance, sustainability and inclusiveness in a bid to boost competitiveness and sector growth like her regional peers. This is according to experts from Enwealth Financial
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Uganda Breweries in partnership with the Kampala Capital City Authority (KCCA) has commissioned a UGX 130m new sanitation block in Bukoto market, one of the suburbs of Kampala which currently has a population of about 500 people. This newly commissioned block is intended for use by the traders of this
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