Wednesday , November 13 2024

Business

Business news

US Judge commends Uganda on BUBU

Kampala, Uganda | GODFREY SSALI | A New York State Judge Frank J. LaBuda has commended Uganda for coming up with a policy on promoting local content, saying this is the way to go if Uganda is to resuscitate her economy. LaBuda was meeting Trade Minister Amelia Kyambadde at her office …

Read More »

Neymar waits as PSG make quick million on record investment

Paris, France | AFP |  Brazil superstar Neymar will watch from the stands as Paris Saint-Germain open their season Saturday, but the French club have already clawed back around a million euros on their world record investment. Neymar signed from Barcelona for a mind-boggling 222 million euros ($264 million), will …

Read More »

High loan processing fees hurting SME’s

Kampala,Uganda | THE INDEPENDENT | Small and Medium Enterprises in Uganda are restraining from accessing credit facilities due to high processing fees. This was revealed during a recent workshop organized by Enterprise Uganda in Kampala. “When you ask for a loan, they choose their own surveyors whom they pay by deducting …

Read More »

MTN to reward Mobile Money customers

Kampala,Uganda | THE INDEPENDENT | MTN Uganda has unveiled Mobile Money Month aimed at creating a platform to gather feedback from customers, resolve customer issues, carryout product education and reward customers across various touch points. The MTN Mobile Money service has been in operation for the last eight years and now …

Read More »

Ugandan dam gets US$29million refinancing package

Kampala, Uganda | THE INDEPENDENT | Emerging Africa Infrastructure Fund (EAIF) and the Dutch Development Bank (FMO), will provide US $29.3 million to refinance the 13 MW Bugoye hydro-electric power station in Kasese, western Uganda. Bugoye has been generating electricity since 2008 and this power is being feed into the …

Read More »

Fresh Dairy registers 60% growth export earnings

Kampala, Uganda | THE INDEPENDENT | Milk processing firm, Fresh Dairy, grew its export earnings by 60% to US$16million (Shs92.5bn) last year on the back of improved quality of products. Fresh Dairy’s Director of Milk Procurement ,John Gethi, said the company is working with over 80 farmers’ groups countrywide and …

Read More »

OTAFIIRE: I had no authority to give away Jinja government property

Kampala, Uganda |JULIUS BUSINGE | Justice and Constitutional Affairs Minister Gen. Kahinda Otafiire on Thursday appeared before the land commission of inquiry to defend his role in the illegal giveaway of government property in Jinja, Eastern Uganda. According to information available before the commission, Otafiire, who was in 2011 the Minister …

Read More »

Japanese company completes Sadolin paints acquisition in East Africa

Kampala, Uganda | JULIUS BUSINGE |  Sadolin Paints Uganda Limited has been acquired by Kansai Plascon Africa Limited; a subsidiary of Japan based Kansai Paint Company, officials representing the two companies told journalists at the company’s US$10 million plant at Namanve Industrial Hub – outside Kampala city on Aug. 03. Officials …

Read More »

NEYMAR: Done deal

Neymar signs five-year contract with Paris Saint-Germain  Paris, France | AFP |  Neymar completed his world record transfer to Paris Saint-Germain on Thursday when he signed a five-year contract, the French club announced. The 25-year-old Brazilian earlier broke his contract with Barcelona by paying a 222 million-euro ($264 million, £201 …

Read More »