Category «Business»

Uganda scoops another accolade

Uganda continues to shine in the tourism industry. The country has received yet another accolade. Addressing journalists at media Centre the tourism Minister Maria Mutagamba revealed that Uganda had won a prestigious award with the Source of the Nile Voted as one of the seven natural wonders of Africa. This was during a ceremony held in Arusha, Tanzania organized by the Seven Natural Wonders of Africa Initiative. Mutagaba said the Nile was ranked 3rd among the seven natural wonders of Africa. She says government will now invest in the development of the site and will ensure its preservation. Meanwhile the chairperson of the Uganda Tour Operators Association Boniface Byamukama expresses confidence that this award will boost their businesses with more people picking …

Ambassador Delisi appeals on coffee

A conducive environment is all that is needed for coffee production to grow. This is the view of the US Ambassador to Uganda Scott Delisi. Speaking at the opening of a coffee conference, Delisi has said that without an enabling environment for the farmers, agricultural production will continue to dwindle yet the sector is the biggest employer and contributor to the country’s GDP. He is also challenging government to help the local business community get links to the US market especially for the coffee. He adds that the US government is ready to support coffee producers through funding but quickly adds that such help can only yield fruit if coupled with government’s willingness to support the sector. Speaking at the …

Pioneer buses grounded over Shs 8b debt

The grounding of Pioneer Easy buses is likely to affect city transport, with city dwellers already seen stranded at the various bus stops. This is after the Uganda Revenue Authority impounded all Pioneer Easy Company buses over taxes. The company is said to owe the tax body over Shillings 8 billion in unpaid taxes. All the buses are now parked at their different stages of Manyangwa along Gayaza Road, Nambole and Bugolobi. The Operation is headed by Wasswa Abdusalam the head of marketing and debt collection. Wasswa says they bus company has been given two days to clear the debt or risk having the buses auctioned. Meanwhile John Masanda, the Managing Director of Pioneer Easy Bus Company has blamed their …

NSSF wins Alcon case

The NSSF has won another round in the 40bn shillings compensation dispute with Alcon International. A panel of seven Supreme Court Justices led by the Chief Justice Benjamin Odoki have ruled in favor of the National Social Security Fund. The Chief Justice has allowed an appeal by the NSSF challenging a 40bn shillings award to Alcon International Uganda, that was not party to the signed contract to construct Workers House. The construction company sued NSSF seeking compensation for arbitrarily terminating its contract to build Workers House. In 2009 the Court of Appeal dismissed all grounds given by NSSF, and upheld the lower court’s multi-million dollar award to Alcon. The NSSF then filed an appeal at the Supreme Court, which stopped …

UCC strong on fake phones

The national communications regulator is at cross roads over a decision on fake phones. The Uganda Communications Commission is set to meet with mobile phone operators to agree on the way forward regarding switching off of fake handsets. The UCC plans to deactivate fake phones and sim cards that have not been registered as stipulated by Law. However, the exercise has been faced with stiff resistance especially from the traders. Now the executive director, Uganda Communications Commission Godfrey Mutabazi says the meeting is meant to find ways of promoting both the campaigns with a 60% compliance registered so far. He says the commission is set to honor the deadline which is set for the end of next week.