Wednesday , November 13 2024

Business

Business news

Fake restaurant becomes London’s top-rated eatery

London, United Kingdom | AFP | A non-existent restaurant supposedly based in a garden shed briefly became London’s top eating place on travel and restaurant website TripAdvisor, who on Thursday hit back at the hoaxers. “The Shed at Dulwich”, based in a south London back garden, offered invited guests conceptual …

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Uganda and Russia prepare for 2018 trade meeting

Moscow, Russia | THE INDEPENDENT | Uganda and Russia have started preparations for the  upcoming 2nd Inter-governmental Commission aimed at improving trade and strenghthening relations between the two countries. The 2nd Uganda-Russia Intergovernmental Commission is scheduled to take place in May 2018. The Ugandan delegation to the meeting will comprise both …

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UEGCL sees higher profits ahead

 The company records Shs 13.9bn loss in 2016 Kampala, Uganda | ISAAC KHISA | Uganda’s electricity generation company, UEGCL, has slipped back into loss making territory a year after it registered a substantial profit in 2015 but the executives say the company has better days ahead. Financial records released in Kampala …

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Kyambadde meets sugar millers over high sugar prices

Kampala, Uganda | GODFREY SSALI | Sugar millers under their umbrella association the Uganda Sugar Millers Association have denied allegations they are hoarding sugar so as to sell it at higher prices. Trade Minister Amelia Kyambadde summoned the sugar millers to a meeting Tuesday 5th December 2017 at the Ministry offices in …

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Slow agriculture insurance uptake

Regulator says aggressive marketing and awareness would reverse the poor performance Kampala, Uganda | ISAAC KHISA | Uganda’s agriculture sector has been associated with many risks – unstable prices, drought, pests and diseases – thus hampering its growth. This prompted the government to unveil a Shs5bn Agriculture Insurance Premium Subsidy Scheme last …

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NSSF’s Byarugaba sets new target

But will he achieve the Shs 20 trillion in savings by 2022? Kampala, Uganda | JULIUS BUSINGE | Richard Byarugaba was recently re-appointed as the managing director of the National Social Security Fund for another five-year term. His performance in the first term seems to have impressed his supervisor – the …

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Nestle to close its DR Congo factory

Kinshasa, DR Congo | AFP | Swiss food giant Nestle announced Sunday that it would close its factory in Kinshasa, capital of the Democratic Republic of Congo, a potential market of 80 million people but one beset by poverty and political instability. “We will close our factory and offices by the …

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EAC revenue bodies chase more taxes

Kampala, Uganda | JULIUS BUSINGE | The East African Revenue Authorities are facing similar challenges – a small tax base because of a huge informal sector, tax evasion, limited human resource personnel and volatile economy. Others are poor information technology systems and connectivity, political uncertainties and delays in dispute resolution. In …

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