Business

Ivory worth Shs 1billion recovered

Ivory worth Shs 1billion recovered

Uganda Revenue Authority has today handed over ivory worth 1 billion shillings to the Uganda Wild life Authority.  The 176 pieces of ivory were recovered together 189 pieces of hippo teeth and monitor lizards, worth 400 million shillings. The animal products were intercepted

February 10th, 2012

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Tourism marketing poor

Tourism marketing poor

Players in the tourism industry have criticized government over its reluctance to offer financial support to the sector over the years. Uganda has since last year been ranked among the top tourist destinations in the world, with the latest rankings from lonely planet ...

February 8th, 2012

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Simcard Registration: Is it Big Brother at work?

Simcard Registration: Is it Big Brother at work?

A common complaint foreign investors make about Uganda is the time it takes to register a business. We have 16 procedures for registering a new business, Tanzania 12, Kenya 11, while Rwanda has only two. Not so for joining a mobile phone network. At the moment all you need ...

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February 7th, 2012

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Government sets 15% interest rate for youth money

Government sets 15% interest rate for youth money

Finance Minister, Maria Kiwanuka has this Wednesday announced that the government has agreed with three Commercial Banks to fix the interest rate charged on youth money at 15 per cent for a period of six months. Ms Kiwanuka said this at the Ministry Headquarters where she ...

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February 7th, 2012

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Growing import bill a threat to current gains – central bank

Growing import bill a threat to current gains – central bank

The growing gap between imports and exports standing at $3 billion (about Shs7 trillion) has tilted Uganda’s Balance of Payments (BoP) casting doubt on the country’s sustainable growth, according to the central bank. Central bank’s data released yesterday indicate that ...

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February 7th, 2012

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