BUSINESS

  • Uganda’s Coffee Revival: New Bill Brews Hope for Farmers

    Uganda’s Coffee Revival: New Bill Brews Hope for Farmers0

    In a landmark move, Uganda’s Parliament has passed the National Coffee (Amendment) Bill, 2024, aimed at revitalizing the country’s coffee industry. This development has injected new optimism among coffee farmers, processors, and exporters. Uganda is Africa’s second-largest coffee producer, with over 1.7 million households relying on coffee as their primary source of income. However, the

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  • A new Corruption Unit In State House – President Museveni.

    A new Corruption Unit In State House – President Museveni.0

    President Museveni in his labor day speech noted that he was forming another anti-corruption unit in state house dedicated to combating bribery in public offices. The labor day celebrations were held in the rural Eastern Uganda district of Namutumba yesterday afternoon. “I am using this Labor Day to tell everybody that we are going to

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  • DR. CONGO FINALLY JOINS THE EAST AFRICAN COMMUNITY.

    DR. CONGO FINALLY JOINS THE EAST AFRICAN COMMUNITY.0

    The Democratic Republic of Congo has officially joined the East African Community which has since consisted of six member states making DR. Congo the 7th. The East African heads of state approved the admission of  DR. Congo into the Community during the 19th extraordinary Summit meeting on Tuesday. DR. Congo as early as June 2019

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  • FIRE AT ELEGU MARKET -MARKET COMPLETELY BURNT DOWN.

    FIRE AT ELEGU MARKET -MARKET COMPLETELY BURNT DOWN.0

    At the boarder of Uganda and South Sudan stands a market serving over 500 traders in Amuru district. Today, a fire that is suspected to have started at 1 am engulfed the market to complete destruction. The eye witnesses testify that the fire spread so fast they couldn’t save anything. Elegu market is made of

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  • BANK OF UGANDA LOSES LANDMARK CASE AGAINST CRANE BANK.

    BANK OF UGANDA LOSES LANDMARK CASE AGAINST CRANE BANK.0

    The Bank of Uganda has lost the 5 year long battle against Crane Bank Uganda in the supreme court on Friday. The Central Bank lost the case in the high court and court of appeal respectively. Following an audit report that presented Crane Bank as with insufficient capital levels, shrinking liquidity ratios, surging loan default

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  • SIGNING OF THE FINAL INVESTMENT DECISION FOR THE OIL PROJECT.

    SIGNING OF THE FINAL INVESTMENT DECISION FOR THE OIL PROJECT.0

    The government of Uganda together with the Joint venture partners announce the final investment decision(FID) on Tilenge, Kingfisher and the East African Crude oil pipelines(EACOP) The History of Ugandan petroleum can go as far as 1925, when a government geologist E.J Wayland documented in a publication, ‘Petroleum in Uganda’. We can however be sure the

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