Parliament has tasked agriculture minister Frank Tumwebaze with explaining the allegations of discrimination in acquiring licenses for fish maw trade in Uganda.This was after Bbale County MP Charles Tebandeke claimed that the ministry was discriminatin…
Environment, oil, and gas experts have called on the Government to come up with tough measures to mitigate the prospective risks involved in oil production, as Uganda gears up for its first oil in 2025. (Photo by Nicholas Oneal)They argue that an Envir…
Uganda is to earn about $2b (sh7 trillion) in revenues from the oil and gas sector when oil production starts in the next three years.The revenues will come from the production sharing agreements signed with the oil companies for producing oil in the K…
The Uganda shilling remained range-bound ahead of the festive period as inflows ably balanced the pockets of corporate demand for dollars that came through the market, traders said.The local unit traded within the 3515/3525 levels per dollar during the…
The Association of Oil Marketers (Uganda) Limited, which comprises more than 40 oil marketing companies, has lauded the intervention of the government in streamlining the law on the taxation of international transportation.In the same vein, the associa…
Absa’s net profits after tax nearly tripled for the year ended December 2021 to sh110b, representing a 169% growth in profitability from the previous year. Absa posted sh40b in net profits in 2020. The nearly triple-digit growth was anchored on the red…
The Uganda shilling continued to strengthen against the dollar during Tuesday’s session as dollar inflows remained healthy ahead of the Easter festivities, traders said. The unit closed the trading session at highs of 3515/3525 from opening levels of 3…
Turkey is set to establish an Industrial Park and Trade Centre in Nakasongola Uganda, the first of its kind in East Africa.According to the state minister for investment, Evelyn Anite, the launch of the centre will be part of the activities to mark the…
KAMPALA – The Uganda shilling opened the week on a strong footing as dollar supply continues to surpass market demand, traders said.The local unit opened Monday’s trading week at the 3540/3550 levels and continued to strengthen to close the day at the …
Uganda is among the leading producers of coffee in the world, hence my surprise to discover that there is no Ugandan coffee in South Africa. I would like to believe that currently, coffee is Uganda’s best kept secret. I don’t know if you are able to s…
Tuesday 5th April 2022- Kampala, Uganda: itel and MTN Uganda have jointly launched the itel P17 series today following the recently launched partnership between the two companies.The itel P17 and P17 Pro are the latest addition to the itel range of sma…
UBTEB is pleased to host the Technical staff and Board members of TEVETA Malawi from 3rd-10 April 2022. A delegation of six people arrived on 3rd April 2022 on a benchmarking visit to Uganda on issues of TVET delivery, Assessment and regulation.Among t…
The Uganda shilling continued to strengthen during Tuesday’s session as demand for hard currency remained limited with continued healthy inflows during a quiet session of trading, traders said.The local unit closed the day’s trading at the 3540/3550 le…