Knight Frank Uganda has released a new market update which covers the performance of the Residential, Office, Retail, Industrial and Valuation sectors during the second half of 2019. Latest statistics from Uganda Bureau of Statistics (UBOS) reveal that there has been a noticeable improvement in Uganda’s economy over the past 12 months evidenced by a […]
Olam Uganda Limited who procures, processes and exports Cotton, Cocoa, Sesame and Coffee were yesterday announced the top exporters of 2019, beating 2018 Winners UGACOF Limited to the 25th President’s Exports Award. Olam, who also imports and distributes Sugar and Edible Oils, took the Platinum Award which is the Top Award given out by the […]
Uganda’s Minister for Trade, Industry and Cooperatives Amelia Kyambadde has asked exporters to join hands with the government as it fights a big Non-Tariff Barrier called Corruption. Kyambadde, who was officiating at the 4th Annual Exporters Conference at the Skyz Protea Hotel Naguru in Kampala said without fighting corruption, the environment in which exporters operate […]
Uganda’s Minister for Trade, Industry and Cooperatives Amelia Kyambadde has said that the country’s growing population, coupled with a vibrant economy will support Majid Al Futtaim’s commitment to Uganda. “Uganda’s economy has been growing on a positive note at 6% of GDP, the entry of a global retail brand like Carrefour goes a long way […]
The Board of Directors of African Development Bank Group has approved an €8 million grant drawn from the European Union’s Africa Investment Platform (EU-AIP) to support the preparation of the Ruzizi IV Hydropower Project. The plant will be situated on the Ruzizi River between Rwanda and the Democratic Republic of Congo and will supply electricity […]
Somaliland has started an ambitious campaign to build its road infrastructure with the ground breaking for the construction of a new road linking the towns of Wadaama-goo and Buhodle. The road, that has been named the “Peace Highway” will connect three major regions of the eastern part of the country and will be used by […]
The African Development Bank’s Board of Directors has approved a grant to the government of Sudan to accelerate the adoption of solar-powered irrigation pumps in the country’s West Kordofan and North Kordofan states. The project will enable farmers’ adoption of renewable energy technology through the installation of 1,170 photovoltaic (PV) irrigation pumps, the establishment of […]
Over three million people in Tanzania and Kenya will benefit from a €345 million financing package for road construction support, approved by the African Development Bank’s board in Abidjan. The Bank’s support for the Mombasa-Lunga Lunga/Horohoro and Tanga-Pangani-Bagamoyo roads Phase I is in the form of African Development Bank and African Development Fund loans and […]
Genel, the company exploring oil in Somaliland is targeting to get over two billion barrels. In August 2012, Genel was awarded an exploration license for onshore blocks SL-10-B and SL-13 in Somaliland, with a 75% working interest in both. Genel extended its presence in November 2012 with the acquisition of 50% participating interest in the […]
Kiira Motors Corporation, a local vehicle manufacturing company in Uganda conducted a successful 130Km road test for a flagship model city bus ( Kayoola EVS), from Nakasongola to Kampala, to celebrate the Golden Jubilee of Engineering in Uganda. The road test was flagged off by the Ugandan Minister for Science, Technology, and Innovation, Hon Dr […]
Irene Muloni, Uganda’s Minister for Energy and Mineral Development, has revealed that 90% of Uganda’s energy mix is from renewable sources. “There is vast potential for renewable energy sources from the various water bodies in the country,” she noted. This was during the Ministerial Panel at the 26th Africa Oil Week (AOW) 2019 in Cape […]
Insurance Companies in Uganda are at war with several hospitals and medical facilities over what they have termed as theft or fraud in the medical and health insurance policies. Major insurance companies have terminated their medical/health insurance policies with some hospitals/ health facilities saying they are conniving with patients to defraud them. Jubilee Insurance was […]
As the world grapples with a rising heatwave, a section of Kenya’s fishing community has got a shot in the arm thanks to the innovation from MYPAG, a Danish firm, which has enabled them access off-grid cooling facilities for their fish. This is a lifeline to Kenyan fishermen as over 1.05 billion people among the […]