Kampala, Uganda | THE INDEPENDENT | The Government through the Ministry of Agriculture, Animal Industry and Fisheries (MAAIF) has donated 13 tractors and over 150 hand-held tractors and other agricultural implements to the West Nile sub region. The tractors are among the 326 hand-held single axle 16 HorsePower (HP) …
Read More »Funds locked up in commercial courts rise to Shs8trillion
Kampala, Uganda | PATRICIA AKANKWATSA | Funds locked up in Uganda’s commercial courts as a result of financial disputes have risen to Shs 8 trillion negatively impacting investments, according to the Justice and Constitutional Affairs Minister, Norbert Mao. In 2021, the funds locked up in unresolved disputes before Commercial Court Division …
Read More »Ugandan silk cleared for commercial productions
Kampala, Uganda | THE INDEPENDENT | Uganda’s silk yarn was cleared for commercial production after passing grade testing in Europe. Last year, Uganda under the Tropical Institute of Development Innovations (TRIDI) sent its first samples of silk yarn named ‘Usilk’ for testing in the European market. The Ugandan silk yarn was …
Read More »Parliament passes landlord-tenant bill
Kampala, Uganda | THE INDEPENDENT | Parliament has passed the Landlord and Tenant Bill, 2018 that seeks to among other things regulate the relationship between landlords and tenants. The Bill was passed with several amendments which relate to duties and rights of landlords and tenants in rented commercial and residential premises. …
Read More »Mutebile defends closure of commercial banks
Kampala, Uganda | THE INDEPENDENT | The Governor of Uganda’s Central Bank Emmanuel Tumusiime Mutebile has insisted that he was right to close seven commercial banks between 1993 and 2017. Mutebile made the remarks on Thursday as he gave his closing remarks on the ongoing probe by parliament’s Committee on Commission’s …
Read More »Influx of commercial sex workers worries Bunyoro Bishop
Kampala, Uganda | THE INDEPENDENT | The influx of commercial sex workers in the Albertine graben has drawn the attention of Rt. Rev, Samuel Kahuma, the Bishop of Bunyoro Kitara diocese. Bishop Kahuma has in a statement denounced the many commercial sex workers he says have invaded the oil rich Hoima …
Read More »COMMENT: Commercial farming models in Africa
Different kinds of commercial farming will have different effects on the economy COMMENT | RUTH HALL, DZODZI TSIKATK, IAN SCOONES | Colonialism brought large-scale farming to Africa, promising modernisation and jobs – but often dispossessing people and exploiting workers. Now, after several decades of independence, and with investor interest growing, …
Read More »BAD ECONOMY: Analyst sees more banks shutting branches, cutting jobs
Kampala, Uganda | JULIUS BUSINGE | Commercial banks in Uganda are in bad mood after recording bad performance in the first half of 2017. According to industrial data, profits dropped 4% year-on-year as at June 2017 compared to 18% growth in the same period last year. Industry client loans and advances …
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