Energy & Mining
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What Museveni said in State of the Nation Address 2022
KAMPALA– Yesterday President Yoweri Museveni gave his State of the Nation Address [SONA] 2022 where he explained various issues in the Ugandcan economy; including talking about Emyooga SACCOs, the Parish Development Model…
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BoU raises CBR to 7.5 percent in June
KAMPALA– The current global inflationary pressures have forced the Bank of Uganda [BoU] to raise the Central Bank Rate [ CBR ] by 1 percentage point to 7.5 percent, from 6.5 percent…
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Uganda, DR Congo hold business summit to boost business
KAMPALA- In an initiative to open up the business relationship between Uganda and DR Congo, the business community in the two neighboring countries have organised a series of business summits to strengthen…
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East African Trade Expo: UPDF urged to complete the upgrade of Kaunda Grounds
GULU– Gulu City will host this year’s 22nd edition of the East African Community [ EAC ] Micro, Small, and Medium Enterprises [ MSMEs ] trade fair, but the city’s leaders are…
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Back off EACOP, official tells European activists
KIKUUBE– The Deputy Managing Director of the East African Crude Oil Pipeline [ EACOP ], John Bosco Habumugisha has expressed concern over a group of environmental activists from European countries who are…
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Bitature accepts USD10mln loan, says negotiations with Vantage ongoing well
KAMPALA– Kampala businessman, Patrick Bitature has finally accepted that he indeed borrowed US$ 10 million from Vantage Mezzanine Fund in December 2014 and is willing to pay, as negotiations, including arbitration, as agreed…
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Regional hospitals get Shs 2.1bln equipment
GULU – The World Health Organization [WHO] through the Danish government has handed over equipment worth Shs 2.1 billion to boost service delivery in regional referral hospitals. The supplies which include three…
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BoU’s Atingi-Ego shines as women steal show at the African Banker Awards 2022
KAMPALA-Last night the 16th edition of the African Banker Awards Gala Ceremony took place at the Kempinski Hotel, in Accra, Ghana. The event was held under the High Patronage of the African…
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Oil companies take over land for absentee landlords in Bunyoro
HOIMA – Government has okayed the oil companies to use the land purportedly owned by absentee landlords in the oil-rich Bunyoro sub region. Through the Petroleum Authority of Uganda [PAU], government has…
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UIA organises Uganda-DRC Investment Promotion Summit and Market Access Expo
KAMPALA– Uganda’s Ministry of Finance, Planning, and Economic Development, through Uganda Investment Authority [UIA], is organizing the first ever Uganda-Democratic Republic of Congo [DRC]Investment Promotion Summit and Market Access Expo slated for…
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