Category: Business

Consumers put UNBS on notice over fake weighing scales

Consumers put UNBS on notice over fake weighing scales

Across various trading centres in the eastern region of Uganda, an alarming trend has emerged: traders exploiting customers using fake weighing scales. This deceitful practice allows traders to reap ill-gotten profits, leaving consumers with lighter wallets. "This is not the first time,"

Ultimate Uganda

Uganda receives first batch of pipes for crude oil project

Uganda receives first batch of pipes for crude oil project

Uganda on Monday received the first batch of coated line pipes for the East African Crude Oil Pipeline, which was delivered to the main camp and pipe yard in Kyotera District, signalling the project developers’ intent to fast track the laying and construction of the cross-border pipeline i

Ultimate Uganda

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

INVESTOR SABOTAGE! DFCU bank on spot for freezing diaspora investor’s accounts after refusing to bribe top officials

Dennis Daniel Ssemugenyi left Uganda many years ago to seek greener pastures and his country of destination was Canada.He got a breakthrough ten years ago when together with European friends founded Dennis Daniel

Ultimate Uganda

Tricks school owners use to fleece parents

Tricks school owners use to fleece parents

Good grades and great learner welfare are key things parents look for before sending their children to any school. But to some school managers, their main motive for investing in the education sector is doing business. And to live up to this, they have come up with tactics to attract numbers

Ultimate Uganda

Red Cross Chief Urges Kisoro Members to Attract More Volunteers

Red Cross Chief Urges Kisoro Members to Attract More Volunteers

The Chairperson of the Uganda Red Cross Society, Rose Kabagenyi, who is also a candidate for Member of Parliament in the upcoming Kisoro District by-elections, has urged members and volunteers in the district to be exemplary in their communities to attract more people to join the organization.

Ultimate Uganda

Vision Group's Shs25b share sale explained

Vision Group's Shs25b share sale explained

On September 24, Vision Group, which is listed on Uganda Securities Exchange as New Vision Publishing and Printing Company Limited, told each of its shareholders in a notice that it had reached an understanding with the government about an intervention to take on a new type of shares in addi

Ultimate Uganda

Uganda unveils 600MW Karuma Hydropower Plant

Uganda unveils 600MW Karuma Hydropower Plant

A single flooding incident at Isimba Hydropower Plant in August 2022, plunged Uganda into darkness. The incident, which resulted in the emergency shutdown of the 183MW Isimba, coincided with a periodic maintenance of some of the generational units at the 250MW B

Ultimate Uganda

Government loans worth Shs13 trillion remain unutilised 

Government loans worth Shs13 trillion remain unutilised 

The stock of unused external debt rose by $500m (Shs1.8 trillion) due to sluggishness in implementation of government projects, according to the Ministry of Finance Debt Statistical Bulletin. The Bulletin, which covers and analyses a wide range of public debt developments, indicates that

Ultimate Uganda

More than half of employers on NSSF register are not active 

More than half of employers on NSSF register are not active 

Only 26.2 percent of employers registered with the National Social Security Fund are active, according to the NSSF managing director Patrick Ayota. The details above mean that the majority of companies and organisations on the Fund’s register, which stands at least 73.8 percent are

Ultimate Uganda

What civil society wants government to focus on in the next financial year

What civil society wants government to focus on in the next financial year

Civil society organisations have asked government to focus its resources on operationalisition of the different industrial parks spread across the country by investing in critical infrastructure such as electricity, water, roads and ICT infrastructure to drive industrialisation, job creation

Ultimate Uganda