EU has recently supported the Directorate of Geological Survey and Mines (DGSM) with over Shs3 billion to conduct evaluations of iron ore prospects in Southwestern Uganda Kampala, Uganda | JULIUS BUSINGE | Stakeholders in Uganda’s mining sector have called on the government to make substantial investments in determining the quantities of …
Read More »Busoga PM tips subjects to channel investments in income generating activities
Jinja, Uganda | THE INDEPENDENT | Joseph Muvawala, the Busoga Kingdom Prime Minister has challenged Basoga to invest their savings in income generating activities like agriculture rather than building mansions in their villages. Speaking at the Busoga Development Forum convention, held at the Jinja City on Friday, Muvawala who is …
Read More »UNCTAD calls for clean energy investments in LDCS
Kampala, Uganda | THE IDEPENDENT | The United Nations Conference on Trade and Development (UNCTAD) says developing countries need urgent support to enable them to attract more investment for their transition to clean energy. UNCTAD’s World Investment Report 2023 published this week shows that much of the growth in international investment …
Read More »European Investment Bank eyes more investments in Uganda
EIB has supported Eastern Africa Transport Corridor and Bujagali Hydroelectric Project Kampala, Uganda | RONALD MUSOKE | A delegation from the European Investment Bank (EIB) has concluded a week-long (May 22-26) visit of Uganda that saw the bank’s representatives and senior officials from the government of Uganda and the private sector …
Read More »DPF’s assets increase by 15% to Shs1.15trillion
Kampala, Uganda | THE INDEPENDENT | Uganda’s Deposit Protection Fund has recorded a 15% surge in assets to Shs 1.15 trillion for the year ended June 2022, with investments held in government treasury bills and treasury bonds. Financial results released on Jan.31 show that the fund’s surplus and reserves account increased …
Read More »Museveni calls for more European investments in the country
Kampala, Uganda | THE INDEPENDENT | The European Union has asked Uganda to speed up her preparations for a free trade deal saying that they are ready to open up the market on their side. Currently, Uganda exports goods to Europe under the Everything But Arms-EBA arrangement which is a duty-free …
Read More »Karamoja leaders demand for investment in the region
Kampala, Uganda | THE INDEPENDENT | Leaders from the Karamoja region are mobilizing for increased investments in the area, as a way of solving the persistent problems experienced by local communities. In a meeting held in Kampala on Saturday under the theme; “the Karamoja Spotlight,” aimed at creating more awareness about …
Read More »Budget committee queries UDC’s capitalization of private companies
Kampala, Uganda | THE INDEPENDENT | Members of the Budget Committee have asked the Committee of Tourism, Trade and Industry to examine the viability of investing Shs269 billion in several private enterprises through the Uganda Development Corporation (UDC). The trade committee chairperson, Mwine Mpaka, on Thursday 20 January 2022 presented his committee …
Read More »Halt new Umeme investments: Energy Ministry
Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Development has recommended the halting of new investments by energy distributor, Umeme ahead of the expiry of its 25year concession in 2025. The Minister of State for Energy, Sidronius Okaasai Opolot said this during a meeting with members of the …
Read More »Oil and gas investments to total UGX 11 Trillion in 2022 – PAU
Kampala, Uganda | THE INDEPENDENT | Uganda is expected to attract investments worth 3 billion dollars (10.6 trillion shillings) this year in the oil and gas sector alone as developments towards production in 2025 proceed. According to the Petroleum Authority of Uganda, PAU, investments in the sector were worth 500 million …
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