Category «Business»

Middle income status by 2020 done without planning

BY TOM BRIAN ANGURINI. Government is currently now backtracking on their earlier statements that the country will archive middle income status by 2020. This remark was made by Dr Fred Muhumuza and economist on Uganda not achieving middle income by 2020. He wondered why government promised achieving middle income status by 2020 yet their first promise by achieving middle income status by 2017 failed. He says it is just politics that is making government to make such unnecessary promises but warned Ugandans that achieving middle income status is still dream ahead.

Two foreign nationals deported over comprising national security

Polly Namaye

By Ritah Kemigisa. Two foreign nationals working with MTN Uganda, have been arrested and deported back to their countries over allegations of compromising the Uganda’s national security. The Deputy Police spokesperson Polly Namaye says the duo identified as Olivier Prentout a French national and Annie Tabura a Rwandan National have been under investigation by security agencies in close coordination with immigration officials over their engagements in acts which could compromise national security. Namaye says they have managed to disrupt their intentions and now asks the public to remain alert and help police and its security agencies by reporting any suspicious activity done by anyone. A statement from MTN Uganda has confirmed that their Chief Marketing Officer, Olivier Prentout, was arrested …

Farmers in Kabarole threaten to quit

By Moses Ndhaye. Tea out growers in Kabarole district have threatened to abandon growing the crop  and venture into other crops such as growing macadamia nuts which earn highly. One of the prominent farmers Aloysius Muhwezi says a kilogram of tea currently costs between shs 400 and shs 600 shillings,as compared to a kilogram of Macadamia nuts, which cost between 3,500 and 6,000 shillings. He has now asked government though the operation wealth creation to instead supply them with more of the macadamia seedlings. Macadamia is still rare in Uganda as many people have not embraced the nut tree but experts say it reaps big.

Upcountry Industrial parks fail to attract investors

By Ritah Kemigisa. The Uganda Investment Authority has revealed that industrial parks in the outskirts of Kampala have failed to attract investors. The authority was given a mandate to establish 22 Industrial and Business parks throughout the Country to create jobs and add value to locally available raw materials. Out of these, the Authority has managed to establish; Namanve, Luzira, Jinja, Soroti, Mbarara, Soroti, kasese and Mbale among others. However the authority’s director for land development Hamza Galiwango says those out of Kampala have no investors applying to establish their businesses there. He says majority of them say they are too far from the main market which is in Kampala and the international airport.

Coffee farmers advised ahead of surplus production

By Ritah Kemigisa. Coffee farmers have been asked to take advantage of the good season ahead. The Uganda Coffee Development Authority executive Director Dr Emmanuel Iyamulemye says they expect surplus production this season as compared to last year. Data from the International Coffee Organization indicates that a total of 167.47 million bags of coffee are expected to be deposited at the international market before the end of the 2018/19 financial year. Iyamulemye now advises farmers to harvest mature berries and make sure it is handled well if they are to get profits out of them. He however further advises farmers to store the coffee well since there is fear of reduced prices as Uganda and the world at large prepare …