Uganda’s revenue from export of dairy products has risen from $131.5m (Shs 480bn) in 2018 to $205m (750bn) in 2020 according to records from the Dairy Development Authority (DDA). This was revealed by Dr. Michael Kansiime, the DDA Executive Director during a virtual orientation meeting with Frank Tumwebaze, the new
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Uganda Registers Sharp Decline In Economic Activity As Business Conditions Deteriorate
There's reduced economic activity in Uganda The monthly Stanbic Purchasing Managers’ Index (PMI) dropped to 34.9 in June from 56.5 in May attributed to government’s lockdown measures that were announced to tame the spread of COVID-19. The reading signalled deterioration in business conditions for the first time in five months,
Read MoreAbsa Bank Uganda Managing Director, Mr. Mumba Kalifungwa Absa Bank Uganda and MTN Mobile Money Uganda Limited have today announced the introduction of mobile money payment functionality, also known as MTN MoMoPay on Absa Point of Sale (POS) machines/terminals. The service is open to all MTN Uganda mobile money account holders,
Read MoreFrank Tumwebaze checks on some of the growing grapes The Minister of Agriculture, Animal Industry and Fisheries, Frank Tumwebaze has said Government is planning to boost grape farming in Uganda as one of the ways to help Ugandans improve their household incomes. Acting on the directive of President Yoweri Museveni,
Read MoreUCDA Managing Director, Dr. Emmanuel Iyamulemye Niyibigira Uganda Coffee Development Authority (UCDA) is doing everything possible to ensure that Uganda’s coffee attracts a premium price globally. This has been revealed by UCDA Managing Director, Dr. Emmanuel Iyamulemye Niyibigira in an interview. Iyamulemye says as Uganda pushes to produce 20m 60kg
Read MoreGovernment through the Minister of Agriculture, Animal Industry and Fisheries, Frank K. Tumwebaze (pictured) has declared the 1st of July 2021 to be the harvest date for the first season of this year. Vanilla is a high value horticulture crop grown and used as a flavoring agent in beverages, confectionaries, and pharmaceuticals.
Read MoreURA Commissioner General, John Rujoki Musinguzi Uganda Revenue Authority (URA) has said following a system downtime experienced yesterday afternoon, all its online services have since been restored and taxpayers can access them without any interruptions. “Additionally, we have accorded taxpayers who have been affected an extension of one (1) day to
Read MoreUCL officials led by Board Chairman, Martin Kasekende (L) during the AGM today The Board of Directors of Uganda Clays Limited (UCL) has today announced that the company posted good results for the year 2020 with a net profit of Shs4.9 bn which is a turnaround from a loss of Shs88
Read MoreUNBS warns manufacturers, importers and stockists against substandard iron bars/Courtesy photo The Uganda National Bureau of Standards (UNBS) has revealed that substandard Iron Bars are flooding the market with many unsuspecting individuals falling victim. “The sale of substandard iron bars deprives the customer of the value for their money, promotes
Read MoreIan Rumanyika, Ag. Assistant Commissioner, Public and Corporate Affairs at URA. In yet another move to further simplify tax compliance, Uganda Revenue Authority (URA) has made a major upgrade to its contact centre offering with the rollout of state-of-the-art Interactive Voice Response (IVR) technology. “With this service support enhancement, we
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