The first drilling rig at the Kingfisher Project operated by CNOOC. President Museveni was supposed to Commission the rig on 20th December Following the Final Investment Decision, the commencement of field development, and the arrival of the rigs, there is hope that Tilenga and Kingfisher Developments in the Albertine will
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Uganda To Receive Additional Shs873.8bn From IMF As Economy Is Projected To Grow At 5.3% In FY22/23
The IMF staff team met with the Permanent Secretary and Secretary to the Treasury, Mr. Ramathan Ggoobi A staff team from the International Monetary Fund (IMF) led by Mr. Malhar Nabar conducted a virtual mission to Uganda from October 31 - November 22, 2022 to discuss progress on reforms and the authorities’
Read MoreCan The 3mx1m Coffee Spacing Method Give Higher Yields Per Hectare Compared To 3mx3m? NaCORI Study Sheds Light On Both Models
Coffee planted using 3mx1m spacing at Jude Tadeo Ssemakula's farm in Kabanyolo, Gayaza/Business Focus photo While the 3mx1m spacing method gives higher yields, close spacing creates a lot of competition among Robusta coffee trees which compromises on their robustness attributes, a new study says. The study shows that while coffee farmers are likely
Read MoreBy Livingstone Mukasa 1. Do not get your business finances confused with your personal finances. Once you decide to start a business the capital you invest is no longer yours, it belongs to the biz. Don't be a "Seed Eater". 2. Your business needs cash to operate – if as
Read MoreInfobip Regional Head for East Africa Marko Reis Research from global cloud communications platform Infobip shows the global popularity of Short Message Service (SMS) within customer communications, 30 years after a software programmer sent the first message on 3 December 1992 remains immensely popular despite the rise of new communication channels, with a
Read MoreFood-Based Dietary Guidelines: Catalysts For Agrifood System Transformation In Uganda
A farmer in West Nile subregion shows off part of vegetable harvest. Food-based Dietary Guidelines will promote consumer education and development of sound policies for agrifood systems transformation/FAO Uganda photo Stakeholders in the agrifood systems space in Uganda are calling for adoption of Food-Based Dietary Guidelines (FBDGs) customised to
Read MoreWeak demand in the economy has seen banks cut on loan approvals Banks are taking a cautious approach towards lending as borrowers continue to struggle owing to a weak economy. According to Bank of Uganda’s Monetary Policy Report for October 2022, Private Sector Credit (PSC) growth remains weak owing to
Read MoreThe late Rupert Scofield By Primrose Kobusingye- Marketing Manager, FINCA Uganda In the wake of November 27, 2022, the world woke up to the grim news of the passing of Rupert Scofield (73). He has been described as the founder of microfinance. In 1984, along with John Hatch, Rupert conceived
Read MoreUganda Sends Its First Set Of Silk Yarn Branded Usilk To Europe
Production of silk yarn is by the reeling and re-reeling processes of the raw silk cocoon to final stages of desired denier. By Robson Aine, Director Monitoring and Evaluation At Tropical Institute of Development Innovations (TRIDI) Earlier this year, we promised Ugandans that we shall start commercial production of silk
Read MoreInside Gov’t Sports Bill That Proposes Tough Penalties For Sexual Exploitation, Results Manipulation & Betting
The State Minister for Sports, Peter Ogwang tabled the Bill before Parliament last week The Physical and Sports Bill of 2022 proposes tough penalties for sexual exploitation, manipulation of sports results, and betting among others. The bill proposes penalties ranging from Shillings 1.4 million to 400 million on conviction or
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