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Business
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President Museveni Backs Modern Coffee Factory in Ntungamo, Champions Value Addition
President Museveni has advocated for value addition in coffee production and export, pledging increased support for Inspire Africa Group.
During a project appraisal visit in Rweshamaire, Ntungamo District, where Uganda's first modern…
Microfinance Support Centre Under Scrutiny by PAC
The Public Accounts Committee (PAC) has summoned the Board members of the Microfinance Support Centre to address concerns over the entity's lack of a risk management framework for Expected Credit Losses (ECL).
Despite operating for over…
Parliament Passes Excise Duty Amendments
Parliament approved the Excise Duty Amendment Bill 2024, introducing new levies while rejecting certain proposed taxes, sparking debates over the impact on various sectors of society.
The approved bill includes a notable increase in…
President Museveni’s Candid Talk with Traders
The Kololo traders meeting had been billed as a collision of the titans. After a rowdy traders’ strike and the subsequent discussions involving traders’ leadership, URA and the president, it was anticipated that the Kololo meeting was going…
EFRIS Saga: Traders Should Consider Negotiations that Yield Good Results
By Ronald Kizza Kasoma
On 07th May 2024, the President of the Republic of Uganda H.E. Yoweri Kaguta Museveni met with several factions of traders in Kampala together with their leaders at the Kololo Independence grounds.
This was a…
Floating Island Crisis Paralyzes Fishing in Kyotera District
Fishermen operating from Kansensero landing site in Kyotera district are urging the government and the Office of the Prime Minister to clear the floating island that has spread across the shores of the lake, making fishing challenging.…
Banks Urged to Lower Interest Rates for Manufacturing Sector Growth
State Minister for Trade, Industry, and Cooperatives David Bahati has appealed to commercial banks to reduce interest rates and facilitate affordable financing for Uganda’s manufacturing sector. Despite government support of over Shs1.3…
Multichoice Uganda Urges Customers to Upgrade Decoders
Ugandan customers with these decoders have been advised to upgrade to newer versions as they will no longer be able to use the older ones.
The decoder versions going offline are DSD 1110, DSD 1131, and DSD 1132, all manufactured between…
State House Launches Four-Acre Model Farm For Small-Scale Farmers in Lango
The State House has endorsed the establishment of a four-acre model aimed at training farmers in the Lango sub-region on maximizing the use of small plots of land to generate significant income.
Jane Barekye, the State House comptroller,…
President Museveni Engages Traders on Tax Policies and Local Industry Development
President Yoweri Kaguta Museveni addressed traders' concerns regarding taxation during a meeting with them at Kololo Ceremonial Grounds on May 7, 2024. He disagreed with the notion that there are too many taxes in Uganda, emphasizing that…