By Aloysious Kasoma Orient Bank Uganda has marked 25 years of banking business under the guardianship of a successful family. The bank which has since hit 23 branches and 25 ATMs across the country held its celebrations at Serena Hotel on the Tuesday. Speaking during the event, the founder and
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Poultry farming is one of the most lucrative businesses in Uganda and the world at large. The increasing demand for chicken (call it chicken meat) and eggs resulting from the growing population and townships across the country provides an opportunity for new and existing farmers to cash in on this
Read MoreTraders trucked in 3.28 million bags of cheaper maize from Uganda in five months through May, fresh official statistics indicate, helping price out maize farmers from Kenya’s food basket regions, reports the Daily Nation. Data released by the Kenya Revenue Authority (KRA) shows 295,200 metric tonnes of staple maize was
Read MoreA Ugandan inventor has won a major prize for a device which tests for malaria without drawing blood. Brian Gitta, 24, won the Royal Academy of Engineering's Africa Prize for a device that detects tell-tale signs of malaria by shining a red beam of light on the patient's finger. The
Read MoreBy Aloysious Kasoma Over 10,000 Ugandan business leaders from 400 organizations are set to receive business and leadership skills from the global renowned John Maxwell coaches. The coaches are expected to jet into the country before the end of June and will conduct a week-long training dubbed ‘TRAiN’. The training
Read MoreKenya based Nakumatt has agreed to surrender four branches in leased properties to concentrate on strategies that can enable it stay in business and stand growing competition in Kenya's retail market, the Standard reports. Nakumatt currently facing financial problems has been in court fighting eviction from some of its
Read MoreIncreasing consumption of meat and meat products among households has created more demand for standards and quality products in the meat value chain. Speaking at the National Stakeholders Meeting for players in the meat value chain, as part of the celebrations to mark the World Food Safety Day, the Uganda
Read MoreEthiopia To Open Up Telecoms, Airline To Foreign Investors
Ethiopia is opening the state-owned telecommunications company and airline to foreign investors for the first time, a move that indicates new Prime Minister Abiy Ahmed is more receptive to outside interests in Africa’s second-most populous nation, Bloomberg reports. Ethiopia will sell minority stakes to foreign and domestic investors in state
Read MoreFarmers Stuck With Rice As ‘Favoured’ Importers Enjoy Tax Holidays
Rice farmers in Uganda under their umbrella body Rice Association of Uganda (RAU) have decried government’s failure to protect them as it (government) ‘selectively’ gives tax incentives to importers. The farmers mainly from Butaleja district petitioned Speaker Rebecca Kadaga on Monday and painfully told her how government has reportedly favoured
Read MoreINTERVIEW: ChapChap App Innovator Reveals How It Benefits Entrepreneurs
In 2015, an analysis by Approved Index revealed that Uganda was the most entrepreneurial country in the world. The analysis noted that the East African country has the planet's highest proportion of people who have started businesses. The research shows that 28 per cent of its adult population started businesses
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