Parliament approves record Sh6.15 trillion in 2019
Uganda’s Parliament approved loans to the tune of sh6.15 trillion this year, according to the annual performance report of the house.
Despite a warning earlier...
Transport fares shoot up ahead of Christmas
Majority of the Bus Companies plying up country routes have increased transport fares from Kampala to their various destinations, a week to Christmas.
The increment...
Uganda In Final Stages Of Legalizing Marijuana Growing
Cabinet, which is the top policy determining body of the ruling government is concluding studies on legalizing the commercial growing of marijuana in the...
Umeme secures $70 million loan for grid expansion
Uganda’s electricity distributor Umeme Ltd has secured US$70 million (about Shs259 billion) in a syndicated loan to finance infrastructure upgrades and national grid expansion.
The...
Grasshopper vendors to get permits, undergo medical tests or face arrest
Masaka municipal council has issued guidelines regulating the handling of grasshoppers to stop contamination of the edible insects.
A circular issued by Masaka Municipal Health...
Gov’t to borrow Shs 2 trillion to cover budget deficit
Government intends to borrow over Shs2 trillion to finance a budget shortfall realised a few months into the 2019/2020 financial year.
In a domestic loan...
Teso Coaches suspends operations as Gateway rebrands
The operations of Teso Coaches have drastically reduced. No bus from Teso Coach Company has been seen on the road for the last two...
Soroti fruit factory restricts business to registered groups
Soroti Fruit Factory has restricted its purchase of oranges to farmer groups and associations.
The fruit processing plant that commenced the production of orange and...
Museveni commissions Uganda’s first mobile phone factory
Uganda’s first mobile phone and laptop assembly plant has been commissioned this afternoon in Namanve Industrial Park, Mukono district.
The factory built by Chinese Electronics...
Balaam in tears as S. Sudan generals grab his businesses, cries out for help
Balaam Barugahare, a music promoter and businessman is wrestling with investment troubles in South Sudan.
The Properties worth over $7M are comprised of buildings under...