Development
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New cooperative policy: Indian states suggest FDI, age limit for board members
NEW DELHI -Allow foreign direct investment (FDI) in the cooperative sector, particularly in Primary Agricultural Cooperative Societies (PACS) to improve infrastructure; fix an upper age limit of 70 years for board members…
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KCCA opens court to receive property rate cases
KAMPALA – Kampala Capital City Authority (KCCA) Council has approved a new Valuation Court. The court will be responsible for receiving complaints from the landlords aggrieved by the property tax valuations. Samuel…
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Katakwi RDC directs police to arrest wetland encroachers
KATAKWI– The Katakwi Resident District Commissioner [RDC] Godfrey Katamba has directed the police to arrest and prosecute in courts of law people cultivating in wetlands. This comes as a section of members…
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Elegu Market: Land owners demand relocation of vendors
ELEGU– The owners of pieces of land on which hundreds of vendors at the Elegu border market have been operating are demanding that the vendors should go off their land to pave…
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Bee farmers advise govt to recruit more entomologists
LIRA – Bee farmers in the Lango sub region have urged the government to recruit more Entomology officers to train farmers on beekeeping as a business for income generation. Professional entomologists contribute…
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UVCCL coffee deal: Investors want to mortgage govt land at Namanve
KAMPALA– Even though President Yoweri Museveni and NRM caucus Members of Parliament [MPs] have agreed to review the controversial coffee export deal signed between the government and Vinci Coffee Company Limited [UVCCL], the…
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KCB suffers 58.3 percent fall in gross profit
KAMPALA– Kenya Commercial Bank [KCB] Uganda saw its gross profit plummet by 58.3 percent in 2021 to about Shs 12.3 billion from about Shs 19 bln recouped in 2020, its financial statements…
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Finance Trust Bank sees gross profit rise of 61.9 percent in 2021
KAMPALA– Finance Trust Bank has released a summary of financial statements for the year ended December 31, 2021, showing its profit before tax curve going up by 61.9 percent to about Shs 13.6…
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Masindi Municipality opens new market, residents to be given priority
MASINDI– Masindi district local government has opened a new market in Kirasa 1 cell in Central Masindi Municipality and will give residents a priority. The market was launched by Emmy Ngaburano, the…
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Oil companies ready to invest 10 billion dollars in oil and gas sector
HOIMA – Sarah Birungi Banage, the Head Corporate Affairs Uganda National Oil Company [UNOC] has explained that oil companies under their joint ventures Total Energies Uganda, China National Offshore Oil Corporation CNOOC…
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