Museveni Woos Danish Agribusiness Experts

Museveni Woos Danish Agribusiness Experts

President Yoweri Kaguta Museveni met with a visiting Danish agri and food tech-business delegation from the Danish Agriculture and Food Council at State House, Entebbe. Led by Mr Jeppe Sondergaard Pedersen, the Danish companies seeking to invest in agriculture and share knowledge with Ugandan farmers include;  Cimbria, dealing in grain handling & storage; Danfos, which specialises in cold chain […]

CAA Scoops Another International Award For Efficiency

CAA Scoops Another International Award For Efficiency

Uganda Civil Aviation Authority (UCAA) has been recognized by the International Trade Council with the Government Agency of the year ‘Going Global’ Award (2019) in the aviation category. The Award, which is in recognition of Customer Care, Infrastructure Improvement; training of staff, contribution towards supporting Tourism and Agricultural exports facilitated through Entebbe International Airport was […]

Mobile Giant Safaricom Names New CEO

Mobile Giant Safaricom Names New CEO

East Africa’s most profitable company, Safaricom, has appointed Peter Ndegwa as its new CEO. Mr Ndegwa joins Safaricom from alcoholic drinks company Diageo where he was the Managing Director of Diageo Continental Europe – the first African to hold the role. He takes over from Bob Collymore, the highly successful Briton who died of Cancer […]

Mutebile raids oil fund, to draw down 445 billion shillings

Mutebile raids oil fund, to draw down 445 billion shillings

The Bank of Uganda Governor, Mr Emmaniuel Mutebile plans to withdraw more financing from the Petroleum Fund than it did in the past two fiscal years combined, even as the country is yet to pump a drop of oil. The Finance Ministry is expected to draw down 445 billion shillings ($120.6 million) in the fiscal […]

Top-up your Cashless Account with a SafeBoda for Free

Top-up your  Cashless Account with a SafeBoda for Free

Great news for SafeBoda Cashless customers:You can now top up your SafeBoda Cashless account with your SafeBoda for free! This October, SafeBoda introduced Top up with your SafeBodafor its Cashless customers,a more convenient option that will entail customers topping up their Cashless account with a SafeBoda at zero transaction cost. This option makes all SafeBodas actively […]

UGANDA-CHINA EXPO: 43 Chinese Companies to Invest here

UGANDA-CHINA EXPO: 43 Chinese Companies to Invest here

The Chinese council responsible for the promotion of International trade in collaboration with China African Development Fund together with Uganda Investment Authority and Uganda National Chamber of Commerce are to hold the first Ever China-Uganda Industrial Capacity Cooperation Exposition at the UMA show grounds in Lugogo, reports Innocent Kayiza. During the Beijing Summit held with […]

I’am Not Comfortable with High Lending Rates – Governor Mutebile

I’am Not Comfortable with High Lending Rates – Governor Mutebile

The Bank of Uganda (BoU) Governor, Prof. Emmanuel Tumusiime-Mutebile has said he is uncomfortable with the high lending rates in the country, reports Innocent Kayiza.  He made the remarks while speaking at the third edition of the Annual Bankers Conference on the theme – “De-risking Financing & Investment in Agriculture to promote decent youth employment […]

Money launders beating official banking system; Sydney Asubo

Money launders beating official banking system; Sydney Asubo

The Financial Intelligence Authority (FIA) says it is encountering difficulty in tackling money laundering because launders are now opting for non-traceable transactions. The Authority recently announced that car dealers would be required to register with it, in a move to curb laundering in the business. In addition, the authority is targeting persons involved in trading […]

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