Category «Business»

Bus operators fails to resolve land dispute amicably

By Ruth Anderah The Uganda Bus Operators Association Investment Ltd, KCCA, city businessmen Drake Lubega and Mansur Yanga have failed to resolve their long standing conflicts out of court. All the parties have appeared before mediator Christopher Rukyalekera where Drake, Yanga and KCCA informed him that they are no longer interested in mediation. The mediator has decided to forward the case file to the High Court Land Division for trial. The bus operators led by their chairman Hajji Hamid Ssentongo are accusing Drake and Yanga for trespassing onto their land and constructing a building there. The land in dispute is located on plot 48-52 Nakivubo Road which measures approximately 0.550 hectares valued at 9 billion shillings. According to the document before …

Paraa ferry resumes operations

By Francis Mugerwa Paraa ferry in Murchison Falls National Park has resumed operations after water levels in River Nile receded. “The is to inform all that the Ferry at Paraa is now operational. We regret the inconveniences caused by the floods that had swept it to the ground” said Bashir Hangi, the Uganda wild life authority spokesperson. On Tuesday, water levels on River Nile raised and submerged the ferry docking point at Paraa Murchison Falls National Park. According to a witness, the flooding made it difficult for vehicles to enter the ferry. The ferry is mainly used by tourists crossing river Nile to view various tourist attractions River Nile burst its banks, cutting off Pakwach Bridge, the main gateway to …

Uganda Chamber of Commerce and Industries advises investors

  By Benjamin Jumbe The president of the Uganda Chamber of Commerce and Industries, Olive Kigongo, has advised potential investors to ensure they engage the chamber for support and guidance on partnerships. This follows some concerns over unscrupulous individuals in Uganda who are conning potential investors with whom they form fake partnerships. Speaking on the sidelines of the United Arab Emirates- Uganda trade and business forum in Kampala, Kigongo said going through the chamber would help minimize the risk of being fleeced since due diligence will be conducted on the specific businesses. Meanwhile the Chairman, Sharjah Chamber of Commerce and Industry Abdullah Sultan Al Owais, says their mission to Uganda is part of efforts to reinforce the chamber’s presence in …

Government to make marine cargo insurance compulsory

By Moses Ndhaye The Insurance Regulatory Authority says effective January 1st 2020, it will be compulsory for all importers to pay Marine cargo insurance locally. The authority’s chief executive officer Alhaj Kaddunabbi Lubega says government is implementing the law in a bid to curb the loss of millions of dollars to foreign insurance companies. Mr. Kaddunabbi adds that the Insurance Act stipulates that all imports, other than domestic goods, must be insured locally and therefore this will help government to increase insurance uptake in the trade sector.

Top 100 SMEs to be recognized today

By Moses Ndhaye The 2019 top 100 Mid-sized companies will this evening be recognized at the annual gala dinner organized by Monitor Publications Limited. The event follows the Top 100 Mid-sized Companies Index Survey whose results were released yesterday in Kampala. Ms Elizabeth Namaganda, the head of marketing Nation Media Group (U) says the survey, now in its 11th year, aims at helping SMEs (the engine of Uganda’s economy) understand the market, position themselves, grab opportunities and compete better. Under the theme; “SMEs shaming the future of the business landscape”, the survey report among other things; highlighted challenges affecting operations of Small and Medium Enterprises in Uganda. The 2019 Top 100 Mid-sized Companies Index Survey on the performance of SMEs …