Coca Cola Uganda believes new energy drink is game changer

Coca Cola Uganda believes new energy drink is game changer

Uganda is a saturated market – with imported and locally manufactured products, margins are squeezed. Undeterred, the Ugandan subsidiary of global beverage giant Coca-Cola is making an exceptionally bold move by trying to force again its way into the country’s fiercely competitive energy drink market. With earnings losing steam and its mainstay carbonated soft drinks […]

URA lauds Sudhir properties for rental tax compliance

URA lauds Sudhir properties for rental tax compliance

Kampala property mogul Sudhir Ruparelia’s obedience to the law has been vindicated by Uganda Revenue Authority (URA), leading the country’s non-individual rental income taxpayers. In a statement on Tuesday, the tax body said Meera Investments, a real estate company owned by Sudhir leads Uganda’s non-individual rental income taxpayers while the businessman   also comes second among […]

TecnoMobile unveils new Phantom 8 globally

TecnoMobile unveils new Phantom 8 globally

TECNO, a premier mobile phone brand under TRANSSION HOLDINGS, has launched its newest addition, the Phantom 8 in Middle East and Africa region. The regional launch took place in Jumeirah Beach Hotel, Dubai in the presence of 200 guests. The newly launched Android operated Phantom 8 features a revolutionary camera, attractive design and high-speed experience. […]

Govt working with local juice, water producers on new laws

Govt working with local juice, water producers on new laws

High Excise Duty on Bottled Water, poor production standards, weak trade agreement exempting COMESA members’ products, particularly processed juice imports from being charged Value Added Tax (VAT) necessitate government establishing and implementing a National Policy on Packaged and Bottled Water, to protect the industry and consumers in Uganda, it has been revealed. To avoid crippling […]

SME banking – Unlocking the growth potential of an underserved segment

SME banking – Unlocking the growth potential of an underserved segment

Small and Medium-sized Enterprises (SMEs) are an important segment in Uganda’s economy. According to the Ministry of Trade, Industry and Cooperatives, the SME sector employs over 2.5 million people (90% of the entire private sector) and generates 80% of manufactured output which contributes 20% of the gross domestic product (GDP). Even though SMEs play a […]

Work continues on Entebbe airport expansion

Work continues on Entebbe airport expansion

As traffic numbers continue to swell at Entebbe International Airport, a year and a half after the expansion project was commissioned, the Civil Aviation Authority (CAA) has said it impressed with the pace of the main contractors China Civil Construction Company (CCCC) and Seyani Brothers. The two firms are undertaking the five year expansion project […]

Nigerian Oranto Petroleum gets Hoima Oil wells

Nigerian Oranto Petroleum gets Hoima Oil wells

Nigerian oil firm, Oranto Petroleum Limited, has signed two production sharing agreements (PSA) in the Ngassa Shallow and Deepwater Play of Lake Albert in Uganda. Oranto Petroleum entered the agreement with the Ministry of Energy and Mineral Development for the Republic of Uganda and will hold 100% participating interests in both licenses. Commenting on the […]

Uganda commits to protecting construction minerals at MineralWealth forum

Uganda commits to protecting construction minerals at MineralWealth forum

While Uganda’s gold reserves have increased tremendously, the Ministry Of Energy and Minerals Development is focused on bringing order to the sector artisanal mining. Government says there will be need to regulate building (development) minerals such as clay, murram, sand or any stone commonly used for building which were excluded from the definition of minerals […]