Category: Business

Ssenyonyi wants probe into Shs550b Atiak sugar deal

Ssenyonyi wants probe into Shs550b Atiak sugar deal

The Leader of Opposition in Parliament (LoP), Mr Joel Ssenyonyi, has tasked the government to conduct a comprehensive audit to establish how Shs553.71 billion that has been pumped into Atiak Sugar Factory was utilised, saying there is little to nothing on ground to show for the money. Fo

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Why poor people need insurance more than the rich   

Why poor people need insurance more than the rich   

When you talk about insurance, what runs through the minds of many Ugandans, is an imaginary image of a wealthy person, cushioning his property or the health of his family members.However, a section of experts in insurance industry have argued that the poor need insurance services more than

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MTN Uganda Bids Farewell to Ex CMO Somdev Sen in a Memorable Celebration

MTN Uganda Bids Farewell to Ex CMO Somdev Sen in a Memorable Celebration

The evening was filled with tributes, from colleagues celebrating his remarkable impact on MTN Uganda’s brand and market position. A light moment between Somdev and the MTN CFO, Andrew Bugembe (In suit)Various speakers praised Somdev’s contributions, highlighting his leadership i

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Kigogwa fuel tanker explosion: What we know so far

Kigogwa fuel tanker explosion: What we know so far

At least 10 bodies had by Tuesday evening been recovered from the scene of a fuel tanker explosion at Kigogwa Town on Kampala-Bombo road in Wakiso District. Another person is said to have died at Kiruddu Referral Hospital where several of those who sustained severe burns were rushed for

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Collaborate for strong SME communities

Collaborate for strong SME communities

Among many other skills and initiatives, networking and collaboration have emerged as essential strategies for Small and Medium-sized Enterprises (SMEs) to foster growth and enhance their visibility while actively engaging with their clients. Networking can be defined as the process of estab

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How local firms are taking on engineering works at EACOP

How local firms are taking on engineering works at EACOP

“Diversifying into the oil and gas sector has increased the company’s revenue and transformed our global partnerships,” said Mr Derek Natumanya, chief operating officer at ICS Engineering and Environment Company in a recent interview.“This shift has empowered us to invest in technolo

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Atuharire to women: Shift from handouts to business investment

Atuharire to women: Shift from handouts to business investment

You seemed so focused in training businesswomen and entrepreneurs. Why is that so important to you?Uganda has been ranked by the Global Entrepreneurship Monitor as one of the most entrepreneurial countries in the world with 30 percent of Ugandans starting businesses annually. But not many of

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Uganda, China sign deal to boost farming

Uganda, China sign deal to boost farming

The Ministry of Agriculture, Animal Industry, and Fisheries (Maaif) has signed a memorandum of understanding (MoU) with China Communications Construction Company (CCCC) to enhance Uganda’s agricultural capacity. The move aims at the development of post-harvest handling infrastructure,

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Entebbe Airport increases parking fees

Entebbe Airport increases parking fees

Uganda Civil Aviation Authority (UCAA) has increased car parking charges at Entebbe International Airport. The new charges will take effect next month, November 1. “In a bid to enhance ongoing efforts for investment in upgrading facilities for a better passenger experience, revised car

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Tourism board, hotel owners lock horns over new licences

Tourism board, hotel owners lock horns over new licences

Hotel owners across the country have protested a move by the Uganda Tourism Board to shut down accommodation facilities that are not licensed by the board to operate. The board, that by the law, regulates the hospitality sector issued a warning that those facilities operating without a l

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