Business

  Ministry of Trade, Industry and Cooperatives (MTIC) will provide more opportunities for small scale enterprises thru Micro Small Medium Enterprises (MSME) to achieve the 2040 middle income status. During the handover ceremony at Farmers’ House, Minister MTIC, Amelia Kyambadde communicated to Ministry officials that the ministry under the MSME …

Maputo, Mozambique | AFP | Indian Prime Minister Narendra Modi on Thursday kicked off a four-nation tour of Africa, vowing to be “a trusted friend” of Mozambique after talks with President Filipe Nyusi in Maputo. Modi set the tone for his continental visit by announcing a raft of cooperation agreements …

The UK is the 9th largest export economy in the world. In 2014, it exported $472 billion and imported $663 billion. The top exports of the UK are cars, gold, crude petroleum, refined petroleum and packaged medicaments. Uganda is not among the UK’s to export destinations which are the United …

Funding deal with Exim Bank to be signed in October, DR Congo also joins Standard Gauge Railway Roofings Ltd, a steel manufacturer based at Lubowa near Kampala, imports almost all its raw materials from abroad through Mombasa Port. To transport a tonne of raw materials by road for one kilometer, …

Singapore, Singapore | AFP | Oil prices retreated in Asia Tuesday, with Brent easing below $50 on news of increased production from Nigeria following the repair of infrastructure damaged in militant attacks. Bloomberg News reported Tuesday that Nigeria, Africa’s biggest oil producer, pumped an average 1.53 million barrels a day …

NBS: Uganda and China discuss and agree best ways to improve trade relations and improve business climate for traders for the benefit of both nations. Share on: WhatsApp

Rwandan has massively hiked import duties on secondhand clothes and shoes, coming mainly from Europe and North America, to help promote local manufacturers, officials said Friday. The measure “takes effect from July 1,” a manager in the Rwandan Receipts Agency, Drocelle Mukashyaka, told AFP. RWANDA: Rwanda multiplies import duties on …

China’s homegrown regional jet made its first commercial flight Tuesday, operator Chengdu Airlines said, after years of delays raised questions about the country’s ambitious plans for domestically-produced planes. Chengdu Airlines flew the ARJ21 from its eponymous home base, the capital of the southwestern province of Sichuan, to the commercial hub …

Uganda Revenue Authority (URA) Commissioner General Doris Akol has revealed that revenue collections have grown by 16% this year. Revenue collected by the URA, has also helped fund about 61% of the Government Expenditure Budget. Akol made the revelations in an end-of-financial-year statement Monday, in which she hailed taxpayers of …

Analysts question feasibility of Shs 650m houses in glutted market yet demand is higher for low end accommodation At the beginning of this month, the National Social Security Fund (NSSF) commissioned a large-scale project worth Shs14.5bn to construct a housing estate at Mbuya involving 40 residential houses. This venture puts …