Uganda National Bureau of Standards (UNBS) has revealed a list of fake electrical products flooding the Ugandan market. In a statement issued on June3, 2017, the standards agency warns the public against buying the said electrical and electronic products. “Uganda National Bureau of Standards will continue to seize these products
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Middle East Consultants Ltd (MECL), the leading labour exporting agency licensed by the Government of Uganda has flagged off 80 Ugandan youths for jobs in the Gulf States of Qatar and United Arab Emirates (Abu Dhabi and Dubai Cities). Briefing the excited youths before flying out of the country on
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Many start-ups fail to grow due to limited capital. And many that seek to expand using bank loans don’t qualify because they lack security. However, in developed countries, small private businesses have expanded using equity funding and venture capital. Equity financing is the process of raising capital through the sale
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Middle East Consultants Ltd ((MEC), a labour exporting agency licensed by the government of Uganda has secured Ugandans over 400 jobs in Abu Dhabi City, United Arab Emirates (UAE), Business Focus reveals. According to Gordon Mugyenyi, the Managing Director at MEC, the company is seeking to recruit over 30 bouncers,
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The Bank of Uganda (BoU) has said that genuine liberalization of the pensions sector will play a big role in the growth of Uganda's capital markets and the economy at large. This was revealed by Dr. Louis Kasekende, the Deputy Governor, BoU at the of launch of the 10-Year Capital
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A top Bank of Uganda (BoU) official has said Uganda cannot achieve the much publicized Middle Income Status by 2020 going with the recent and projected economic growth. Adam Mugume, the executive director for research at BoU revealed this on Thursday at Shelton Hotel, Kampala during the post budget discussion
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Hass Petroleum Group has sold 40% of its shares to Oman Trading International (OTI). A statement from the company indicates that the move will allow the Kenyan oil marketing company embark on its strategic growth and expansion plans across the Eastern, Central and Horn of Africa. The Group will invest
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Uganda’s President, Yoweri Museveni has promised the already existing commercial farmers lower interest rates in order to expand their operations and up production. The President made the revelation while delivering the State of the Nation Address to Parliament and the entire nation at Kampala Serena Conference Centre on Tuesday evening.
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There has been further improvement in business conditions in Uganda, according to the Stanbic Bank Uganda Purchase Managers Index (PMI) for May. At 51.0 the seasonally adjusted PMI remained above the crucial 50.0 threshold for the fourth month in succession, signaling a continued expansion of the private sector. This is however
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Former Chief Economist and Senior Vice President at The World Bank Group, Prof. Justin Lin has tipped Uganda on how to achieve double digit growth. During a guided tour of Namanve Industrial and Business Park (NIBP) on May29 2017, Lin said well-planned industrial parks can play a key role in
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