Business

US Envoy Advises Ugandan Firms On AGOA

US Envoy Advises Ugandan Firms On AGOA

Ugandan firms have not taken as much advantage of the US governments African Growth Opportunity Act (AGOA) to grow. The US Ambassador to Uganda H.E Deborah Malac says this is mainly a result of the negative perception Ugandans have towards it. She made the remarks during a ...

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August 10th, 2016

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KACITA Welcomes Committee On South Sudan

KACITA Welcomes Committee On South Sudan

Kampala City Traders Association (KACITA)has welcomed government’s move to create a special committee to address their concerns relating to the South Sudan conflict. The committee is expected to among other things expedite the process of repatriation of proceeds of Ugandan ...

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August 9th, 2016

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No Need For Bail-Out, Says Central Bank Governor

No Need For Bail-Out, Says Central Bank Governor

The Central Bank governor Emmanuel Tumusiime Mutebile has spoken out on the cries for private companies seeking a 1.3trillion shilling bail-out from government. Addressing a news conference this afternoon, Mutebile said the country does not have such monies for bail-out, ...

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August 8th, 2016

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Corporation Tax Killing Investments, Museveni

Corporation Tax Killing Investments, Museveni

President Yoweri Museveni says Corporation tax is high and prohibitive of investments in the country. Speaking at the Bank of Uganda Golden Jubilee Celebration held in Kampala today, President Museveni said Uganda faces economic challenges of high taxation, wage rate and the

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August 3rd, 2016

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NSSF Boss Faults Local Firms On Bidding

NSSF Boss Faults Local Firms On Bidding

The failure by many Ugandan firms to successfully bid for National Social Security Fund(NSSF) projects has been attributed to ill preparation. This, according to the NSSF managing Director Richard Byarugaba is working against government efforts to promote local content when ...

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June 28th, 2016

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