Category «Business»

Uganda-UAE Trade and Business Forum to discuss trade opportunities

Uganda is set to host a delegation of at least 22 top companies from the United Arab Emirates next week at a Trade and Investment forum on November 28th at the Sheraton Hotel Kampala. Olive Kigongo, the President of the Uganda Chamber of commerce says Ugandan businesses will have the opportunity to interact with the UAE delegation as they seek to form synergies with the Ugandan counterparts. She says, according to a compilation by Bank of Uganda, exports to the United Arab Emirates reached $528.3 million for the six months between April and September 2019. Abdallah Sultan Alowais, the chairman of the  Sharjah Chamber of Commerce says this makes the UAE one of the top destinations for Uganda’s exports, including …

Bank of Uganda case pushed to 2020

By Ruth Anderah The Anti corruption court has adjourned the case in which three Bank of Uganda staff are accused of being behind the inclusion of unauthorized cargo on a plane fully chartered by Bank of Uganda to February 2020. This after prosecution informed court that investigations into this matter are still ongoing, which also prompted presiding Grade One Magistrate Abert Asiimwe to adjourn the matter to February 3rd 2020. The accused persons; Charles Malinga, the Director Currency together with Francis Kakeeto, the Branch Manager and his assistant Fred Wanyama were present in court in honour of their bail, and were ordered to return on the said date to know the stage of investigations. The offence was  allegedly committed  between  …

Sure deal boss fined Shs30m for vending dangerous cosmetics

By Betty Ndagire  A business woman charged with vending cosmetics not fit for human usage, has been fined She30m by the specialised Utilities Wildlife and Standards Court. Ms Maria Prossy Namwanje, the proprietor of Sure Deal products was charged with counts ranging from using the Uganda National Bureau of Standards, (UNBS) quality mark without permission and being in possession of commodities that do not conform to compulsory standards. In a session presided over by the magistrate, Marion Mangeni, Namwanje pleaded guilty after a plea bargain with the UNBS. Upon Ms Namwanje confessing to the charges, Ms Caroline Akugizibwe, the lawyer for UNBS informed court that they agreed to a non custodial sentence on ground that the convict pays Shs30m. She …

Agribusiness matchmaking expo to empower farmers

By Juliet Nalwooga The ministry of agriculture, animal Industry and fisheries together with the World Bank are set to hold this year’s Agribusiness Matchmaking Expo. Speaking to journalists at media center ahead of the expo, the minister of agriculture animal industry and fisheries Vicent Sempijja noted that the main objective for the expo is to facilitate the implementation of the government’s Agriculture Cluster Development Project (ACDP). The expo that will also be a one stop  shop for farmer  organizations to have access to vetted suppliers of equipment matched to specific needs outlined in their business plans is slated for 18th and 19th November 2019 at Namboole national stadium.  

Seeds of Gold Farm clinic on today in Lira

By Ritah Kemigisa The Daily Monitor 17th seeds of gold farm clinic is on today in Lira. Among the key issues to be discussed are the challenges that financial institutions face when venturing into agricultural finance. The chief operating officer at Agricultural Business Initiative (aBi) Francis Chesang, who are partnering with NMG for this farm clinic earlier said they will also provide agribusiness experts to educate the participants on how to improve their livelihoods with the money they get from produce. He also promised participants to be given information on how to have access to their grants and loans with a small interest which they give out to farmers to help boost their agribusinesses. The managing director Nation Media Group – …