Tag Archives: investors

Kampala, Uganda | THE INDEPENDENT | As Uganda prepared to impose a lockdown to stem the spread of the coronavirus disease (COVID-19), some investors withdrew billions of shillings from the country and ran for safe havens according to Bank of Uganda. In just one month between February and March 6, …

Kampala, Uganda | THE INDEPENDENT  |  President, Yoweri Museveni has warned the general public and investors against encroaching on wetlands. He says the structures constructed in wetlands block water, which can lead to severe floods. Speaking to journalist at the Jinja based State Lodge on Tuesday night; Museveni said government shall …

Kampala, Uganda | THE INDEPENDENT  | Companies are not accessing long term financing due to failure to disclose details of their operations to the investors as a basis for giving them money. Uganda Securities Exchange (USE), Executive Director Paul Bwiso, said there is money out there but investors want to …

Kampala, Uganda | THE INDEPENDENT  |  All power generated at new power dams will have to be consumed, for Ugandans to realize cheaper electricity, a Ministry of Energy official has said. James Banaabe, the Director of Energy Resources at the Ministry of Energy and Mineral Development said Uganda invested in new …

Cape Town, South Africa | THE INDEPENDENT | Uganda is the safest place for any investor to inject their money and offers immense business opportunities, President Yoweri Museveni has said. “If there is a place where you can easily make money, it is Uganda.  The place is secure.  That is …

Cairo, Egypt | AFP |  Abdulmalik Abdulaziz, an Uighur student, was arrested and handcuffed by Egyptian police and when they removed his blindfold he was surprised to see Chinese officials questioning him in custody. He was picked up in broad daylight with friends, and taken to a Cairo police station where …

Kampala, Uganda | THE INDEPENDENT | State Minister for Investment Evelyn Anite has tasked the new Uganda Investment Authority (UIA) board to attract quality investors. The new Board was inaugurated this morning at UIA headquarters, Kampala. The new Board brings back Dr Emely Kugonza as the Board Chairman. Other members …

Kampala, Uganda | THE INDEPENDENT | Starting July this year investors that set up facilities in Uganda’s industrial parks or free zones will enjoy enormous tax exemptions in move to encourage industrialization. This is according to details contained in the tax amendment bill 2019. Also, investors using agriculture raw materials and …

Beijing, China | AFP | Cracks are opening in China’s mighty economy: investors are backing away from deals, factories are moving abroad and companies are shedding jobs. The world’s second-largest economy is losing steam, hitting its slowest growth in almost three decades last year, and flagging further in recent months. …

Kampala, Uganda | THE INDEPENDENT | Foreign investors should be stopped from operating retail businesses. The call was made by Lango Parliamentary Group, a loose coalition of legislators from Lango sub region following a public meeting held at Uganda Technical College in Lira town on Monday. The MPs say that the …