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BusinessNews

Select committee on SGR denies being compromised

Reporter | January 19, 2015

More members of the select committee probing irregularities in the standard gauge railway have dismissed claims that the committee has been compromised. Last week, members of the African Parliamentary Network against Corruption(APNAC), led by Western Youth MP, Gerald Karuhanga wrote to the Speaker, seeking to have the committee disbanded on […]


Shilling and dollar
BusinessNews

Shilling can be redeemed by increased exports-PSFU

Reporter | January 16, 2015

Government is asked to focus on strengthening the export sector as a way of redeeming the ever weakening shilling. According to the Central Bank, the shilling has depreciated by 14% in the past one year now trading at 2,900 against the dollar. The Private Sector Foundation Uganda Executive Director Gideon […]


Business

Umeme loses billions in power theft

Reporter | January 15, 2015

At least Shs. 19.2 billion is being lost monthly to power thefts in the Mt Elgon area. Umeme Mbale region manager Edison Arinaitwe said power thefts by consumers in the districts of Mbale, Bududa, Manafwa, Sironko, Bulambuli, Pallisa and Budaka coupled with vandalism of poles and cables remains the biggest […]


BusinessNews

Former Works PS faults government on SGR

Reporter | January 14, 2015

Former Permanent Secretary in the Ministry of Works, Eng. Charles Muganzi has faulted government for not seeking court redress regarding a case it lost to a Chinese company regarding the standard gauge railway. Chinese Civil Engineering Company dragged government to court last year to contest the cancellation of a Memorandum […]


BusinessNews

Manufacturers decry power tariff increase

Reporter | January 14, 2015

Operators of Small scale industries have strongly condemned the increase in power tariffs. They say the rise in the unit price of electricity is going to increase production costs hence pushing up the price of the finished products. The managing director Uganda Small Scale Industries Association John Walugembe says this […]



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