Category «Business»

Manufactures want BUBU policy revised

By Ritah Kemigisa. Ugandan Manufactures have called for a periodic review of the Buy Uganda Build Uganda- BUBU policy. In her opening remarks at the BUBU expo underway at Kololo independence grounds, the chairperson of the Uganda Manufacturers’ Association Barbara Mulwana said the policy is good and has made great strides but there is need to change it so that it can build the capacity of local manufactures. She has also appealed to government agencies to speed up payments to the local companies that make supplies to them. Mulwana says it’s unfair to see payments for local companies are delayed and yet for the foreign ones, payments are even made in advance.

Tourism players worried over Rwanda – Uganda relations

By Ritah Kemigisa. Tourism players have decried the current standoff between Uganda and Rwanda which is affecting their operations. The Chairman of the Association of Uganda Tour Operators, Everest Kayondo tells Kfm that they have been issuing tourists with one Visa for the East African countries and now expresses fear that the tourist numbers are going to drop gradually. This he says does not set a good precedent for those in the tourism Business. The escalating tension between the two countries has left many traders stranded with their goods at the border. However the two neighboring countries continue pointing figures at each other. Related Stories……….. Katuna border point not closed-Rwanda   FDC tasks gov’t to explain Uganda – Rwanda fall …

Gov’t bans sale of alcohol in sachets “buveera”

By Ritah Kemigisa. Government has officially banned the packaging and sale of alcohol in sachets. This follows a cabinet directive in 2017 where it was agreed that alcohol be packaged and sold in plastic and glass bottles of a minimum of 200 millimeters. The Ministry of Trade together with alcohol manufacturers had agreed on a road map to procure, install and commission new bottling packaging production equipment and building new factory premises for new technology bottling machinery. According to a statement from the trade minister Amelia Kyambadde, the process which has taken two years has attracted a lot of investment in bottling equipment to allow the transition. the ban takes effect on 30th May 2019.

NSSF Urges Clients to Update Member Records 

By Malik Fahad The National Social Security Fund Managing Director Richard Byarugaba has urged members to always update their accounts details if they are to avoid problems when their pass on. Byarugaba made the call while officiating at the third regional employers meeting for western region  in Masaka. He says a big number of their clients register with the fund when they are still single and when they get married they do not update their status and as such the children who would have benefited from the savings suffer. During this same event he announced a new amnesty program for employers that default paying its company’s employee’s monthly contributions. He says the development is intended at recovering over shs160 b …

Cabinet approves presidential initiative to promote Afro-industrialization

By Damali Mukhaye . Cabinet has approved the presidential initiative to promote agro-industrialization for local economic development in Rwenzori regional. According to the press statement from the Uganda media center, this initiative which was anchored in the 2040 national vision and national development plan is slated to improve household incomes for poverty eradication and wealth creation. This program is also intended to attract foreign and local investors, promote cross border trade and widening income base for local government. Cabinet has also approved the proposed measures to resolve the apaa land conflict which are still under consideration.