Category «Business»

Unregistered sim cards switched off

The first group of unregistered phone users has been switched off today. This is according to the spokesman of the Uganda Communications Commission, Fred Otunnu who says it authorized the action. Otunnu says the deadline given to all phone users to register is to expire on the 31st of August. He says the switch off that is to last 12 hours is a wake up call to all users who have not registered to do so. The switch off means that the affected people cannot receive or make any calls for the next 12 hours. The exercise is to be conducted in phases to encourage compliance.

UIA boss tips communities on oil wealth

Communities living in the oil-rich areas should make the most out of the black gold. They have been asked to create employment opportunities from the many business ideas that come with oil exploration. The Executive Director of Uganda Investment Authority, Frank Ssebowa says there is still a misconception that the sector jobs are limited to only drilling and exploration. Ssebowa says communities surrounding the area should endeavor to work with the district leaders to ensure that employment is provided, especially to the youths.

Drought pushes inflation up

The dry spell has pushed the inflation rates up. The Uganda Bureau of Statistics has registered an increase in inflation rate from 3.6%to 5.1%. According to the Bureau’s from June to the month ending July, the dry spell has been one of the factors that have led to the rise in food prices especially in Kampala. The western part of the country came second and part of Arua also suffered the same. According to Sam Kaisiromwe Senior Statistician at the Bureau, there was a drop in food supply caused by the drought

Oil Institute set up here

As Uganda prepares to start oil exploration, a group of oil consultants has teamed up to train workers for the sector. The Institute of Petroleum Studies together with US-based Quest Energy Solutions will handle training in areas of oil and gas law and management. The institute’s chairman Patrick Ruharuza says without specialized training, many Ugandans may not benefit from the available employment opportunities. He says the sector requires expert knowledge which only a few Ugandans have. Ruharuza says that through this partnership, the trainees will easily access consultants to guide them at a cost of USD 1000 per semester.

Uganda haven for stolen cars, drug traffickers

Uganda remains one of the major destinations for stolen motor vehicles, drug and human traffickers, and proliferation of small arms. This is according to a new report released by the Police. The report titled USALAMA is from an operation that was conducted between 16th and 18th July this year and shows that 17 human trafficking cases were registered within the two days, while a total 1,034 kilograms of illicit drugs were impounded during the operation. The director Criminal Investigations Directorate Grace Akullo says during the operation a total of 12 small arms and 634 rounds of ammunition were also recovered. The head of Interpol Hassan Kasingye says a similar operation was carried out in 24 other countries under the Eastern …