Beware Kampala, 12 hours of no water tomorrow

Beware Kampala, 12 hours of no water tomorrow

Make sure that you start filling up buckets, much of Kampala is expected to start being affected by a one-day long water cut starting in the morning hours of Thursday, September 15. So why is the tap going to run dry?  The interruption is meant to ‘facilitate the maintenance and rehabilitation’ works of National Water and […]

Save slowly like Bill Gates, Museveni advices SACCOs

Save slowly like Bill Gates, Museveni advices SACCOs

President Yoweri Museveni has said that collecting money little by little and saving it in Savings Credit and Cooperative Organizations (SACCOs) is a big venture because many companies from abroad have developed through such practice. “This methodology of collecting little, little money and keeping it in a SACCO is a big venture because big companies […]

Traders back to Juba amid security concerns

Details Created: 24 August 2016 Ugandan traders have started returning to South Sudan even when they are not sure fighting has stopped. Hassan Mugisha, a dealer in food products based in Kisenyi, told The Observer that some traders were going back to Juba because they can’t thrive in Uganda. He said many traders had found […]

210 Entrepreneurs Graduate from Stanbic Bank Mentorship Programme

Graduands pose for a photo with Stanbic Bank and Enterprise Uganda Staff. (Photos by: Paul Mugume/ChimpReports) 210 Small and Medium Enterprise (SMEs) owners have Wednesday graduated from a one year business and mentorship programme supported by Stanbic Bank in partnership with Enterprise Uganda. The program which ran from July 2015 to July 2016 was initiated […]

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.  […]