Business

Germany business delegation visits Kampala

Reporter | March 23, 2015

A delegation of members of the German-African Business Association is visiting Kampala today to seek trade opportunities in the region. Afrika-Verein is the German business association for German companies and institutions with business interests in African countries. During their trade and investment mission to Uganda the delegation will hold talks […]

Business News

$400m needed to stabilize electricity supply in Uganda

Reporter | March 20, 2015

The Uganda Electricity Distribution Company Limited (UEDCL) is seeking 400 million dollars to stabilize power supply in Uganda. The increased power instability and blowing of power stations have been blamed on failure by Umeme to off set the available power. According to the UEDCL, the power network is loaded beyond […]

Business News

Uganda’s insurers optimistic

Reporter | March 18, 2015

Players in the insurance sector are optimistic that in the next one year, penetration rate will soon grow to 1.5% from the current 0.8%. The marketing manager, UAP insurance company, Singh Dogo says as Uganda’s economy continues to register growth, the insurance sector too is steadily growing. He has underscored […]

Business News

Policy on sector performance in the offing

Reporter | March 18, 2015

The ministry of finance plans to develop a comprehensive policy that will compel all sectors to contribute towards developing project ideas. The move follows continuous failure of some projects due to unforeseen bottlenecks that affect their execution leading to delay and overspending. According to finance minister Matia Kasaijja, if the […]

Business

Fire at Gaba market

Reporter | March 13, 2015

Property worth millions of shillings has been lost in a fire at Gaba market The fire is said to have started from a charcoal stove that was left burning overnight. Chief Fire Officer Joseph Mugisa however says they arrived in time to put down the fire before it swept through […]