Category «Business»

MP asks Kampala traders not to pay rent

By Ritah Kemigisa. Traders at Nabukeera and Qualicel arcades have been asked not to pay any rent until the Attorney General pronounces the rightful owners of the two buildings. The Kampala Central Member of Parliament Muhammad Nsereko tells KFM that this is is the only way the confusion among the traders shall be stopped. The traders have for two days been protesting against what they call double rent payment following a directive from a one Yanga to pay five months worth of rent, already paid to the late Charles Muhangi, when he managed the said properties. Nsereko says the traders should start paying their own power bills moving forward and also promised to petition parliament on Tuesday next week for …

Parliament Committee to Visit Bombardier manufactures

By Ritah Kemigisa. The Physical Infrastructure Committee of parliament is set to fly to Canada to visit the Canadian Jet Manufacturer of Bombardier Air crafts to do a due diligence before the company delivers the four CRJ900 regional jets that Uganda procured as part of the much-anticipated plan for the revival of Uganda Airlines. Last year, the government placed a firm order worth $190 million (about Shs 711 billion) for four CRJ 900 planes from Bombardier. Last week the finance ministry requested for a supplementary budget covering Shs 280 billion to secure the delivery of the first two Bombardier planes from Canada. Now the chairperson of the committee also Nakifuma county MP Robert Ssekitoleko says the visit is aimed at verifying the legitimacy …

Kadaga bitter with officials who have intentions of frustrating BUBU

By Ritah Kemigisa. The Speaker of Parliament, Rebecca Kadaga has lashed out at government officials who have intentions of frustrating the Buy Uganda, Build Uganda policy (BUBU). Kadaga who was opening the BUBU Expo Women in Business conference at Kololo Independence Grounds accused officials of blocking the National Local Content Bill on grounds that it is in breach of provisions in the East African Community (EAC) protocol. She however says the bill guarantees priority and exclusive use of locally manufactured goods and services as opposed to those from other countries in the region. She has now called for attitude change about locally manufactured goods. Related Stories…….. Trade ministry makes great strikes with BUBU

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 …