Category: Business

Govt to finally implement local insurance for importers

Govt to finally implement local insurance for importers

Effective January 1, next year, all importers will be required to insure their cargo using local companies. The new requirement is provided under the Marine Cargo Insurance Policy, which first took effect on July 1, 2022, but was postponed, with Uganda Revenue Authority saying importers

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Understanding Italy, Uganda renewed business engagement

Understanding Italy, Uganda renewed business engagement

Uganda, through Ministry of Agriculture walks away from this year’s international Agricultural Machinery Exhibition with a commitment from Italy to establish an agricultural mechanization training centre in the eastern district of Iganga next year. The centre is estimated to cost about

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MTN Uganda Set to Increase Dividend Payouts for Investors

MTN Uganda Set to Increase Dividend Payouts for Investors

(Kampala) – MTN Uganda has recommended an increase in its second interim dividend to shareholders following a significant rise in net profit for the third quarter of 2024. The telecom company reported a 29.6% increase in profit after tax, amounting to 460 billion Ugandan shillings for the f

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Who is elegible for Grow loans?

Who is elegible for Grow loans?

In August, women from as far as Jinja and Mityana districts, gathered at Hotel Africana for a knowledge-sharing day-long seminar for the Generating Growth Opportunities and Productivity for Women Enterprises (GROW) grant.Vice President Jessica Alupo subsequently launched the project from the

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What API accreditation means for Ugandan firm

What API accreditation means for Ugandan firm

As competition intensifies and the demand for certifications and accreditations in the oil and gas sector grows, it has become essential for both companies and their workforce to obtain these credentials. Certification not only builds industry trust but also enables organisations to compete

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China partners with Busoga Consortium to eradicate poverty

China partners with Busoga Consortium to eradicate poverty

The government of China has joined forces with the Busoga Consortium for Development (BCD) to tackle household poverty in the region.  This collaboration comes after a 2019/2020 report by the Uganda Bureau of Statistics (Ubos) revealed that Busoga was among the top five sub-regions hind

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West Nile Education Fund starts fundraising

West Nile Education Fund starts fundraising

The West Nile Education Trust Fund has launched a fundraising driving to raise Shs.1 billion for a scholarship fund for training science teachers and sponsor needy students. Speaking at the launch of the drive on Saturday, Dr Charles Draecabo the chairman of the West Nile Education Trust

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80% of business leaders not ready for AI, says KPMG

80% of business leaders not ready for AI, says KPMG

The 2024 KPMG CEO Outlook on preparedness to integrate Artificial Intelligence (AI) into their workspaces, shows that 80 percent of business leaders are not ready to invest in AI.  The outlook, which interviewed 50 business leaders across East Africa, indicates that 80 percent of leader

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Coffee shake-up: Uganda’s biggest gamble

Coffee shake-up: Uganda’s biggest gamble

Uganda's coffee industry faces a pivotal moment as Parliament deliberates on the National Coffee (Amendment) Bill 2024, which proposes to dissolve the Uganda Coffee Development Authority (UCDA) and integrate its functions into the Ministry of Agriculture.  The move, part of the govern

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MTN Foundation enhances Digital Access at St. Joseph’s Seminary Nyenga

MTN Foundation enhances Digital Access at St. Joseph’s Seminary Nyenga

MTN Uganda, through its corporate social responsibility arm, MTN Foundation, is excited to announce its latest initiative to boost digital access and education at St. Joseph’s Seminary Nyenga. As part of its commitment to empowering youth and bridging the digital divide, MTN Uganda is p

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