Kenyatta Signs Law Capping Interest Rates

Kenyatta assenting to the Banking (Amendment) Bill, 2015 at State House, Nairobi on Wednesday Kenyan President Uhuru Kenyatta has explained why he has signed into law a Bill that caps interest rates charged on loans by commercial banks. Below is Kenyatta’s statement in full: On July 28, 2016, the National Assembly passed the Banking (Amendment) […]

Hope as South Sudan Moves to Increase Oil Production

Talks between South Sudan and Sudan to resume oil production have raised hopes the former’s economy could rise and shine again. The discussions which kicked off Monday in Khartoum were attended by Sudan’s Minister of Petroleum Dr Mohammed Awad Zayed and his South Sudanese counterpart Ezekiel Lol Gatkuoth. The talks included an oil agreement and […]

Govt agrees to set up oil fund for businesses

Details Created: 24 August 2016 Government has agreed to establish a local content fund to facilitate the financing of local enterprises participating in the oil and gas sector. The proposal and commitment to establish a local content fund is contained in the draft National Content Policy for the Petroleum Subsector 2016, which was released recently.  […]

Govt agrees to set up oil fund for businesses

Details Created: 24 August 2016 Government has agreed to establish a local content fund to facilitate the financing of local enterprises participating in the oil and gas sector. The proposal and commitment to establish a local content fund is contained in the draft National Content Policy for the Petroleum Subsector 2016, which was released recently.  […]

KCCA Sets Conditions For City Festival Stall Holders

Kampala Capital City Authority (KCCA) has set rules for businessmen and women interested in setting up stalls during the Kampala City Festival due in October. According to the authority, the purpose is to set appropriate standard and rules for the stall holders.  The Festival is slated for the 2nd of October, 2016 starting at 7.00am until […]

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