By Julius Businge Tullow Oil has announced an explorations and appraisal campaign portfolio management with a target for a planned 40 wells globally in 2013, it said in a Jan. 11 statement. Aidan Heavey, Tullow’s Chief Executive said: “Tullow accomplished much in 2012. We have had significant exploration success in …
Read More »New campaign to tackle road accidents
By Julius Businge Beer maker, Uganda Breweries in partnership with Motion Media and Uganda Police recently launched the “Red Card’ campaign aimed at reducing incidences of drunk driving particularly on Ugandan roads. The new initiative seeks to influence behavior change among people who drink and drive and will train over …
Read More »Ugandan government to refund Shs38bn in stolen donor aid money
By Julius Businge The government of Uganda has today made it public that it will by the end of next week have refunded Sh38bn donor aid money stolen by interdicted government officials so that mutual relationships between the two parties can resume. The announcement comes a month after major donor …
Read More »Tullow Uganda announces 2013 scholarships
By Julius Businge Tullow Uganda has opened applications for the 2013/14 Tullow Group Scholarship Scheme (TGSS) aimed at supporting national participation in Uganda’s oil and gas industry, the oil company said on Jan.9. Under the 2013/14 Tullow Group Scholarship Scheme, the company is offering 20 university education opportunities to Ugandan nationals …
Read More »KCCA warns traders about license fees
By Julius Businge The Kampala Capital City Authority (KCCA) is urging traders to pay their license dues in time or else they will face the courts of law, a top KCCA official has said. Speaking to The Independent in an interview on Jan. 10, Phoebe Lutaaya Kamya, the director revenue …
Read More »No licenses for unregistered foreign petty traders, says KCCA
By Julius Businge Following the recent registration of the foreign petty traders around Kampala by the ministry of trade, the Kampala Capital City Authority (KCCA) is now demanding for a clearance letter from any foreign petty trader intending to obtain a trading license from the city authority to do business. …
Read More »Spend resources on critical sectors, Nuwagaba tells government
By Julius Businge Senior economist Augustus Nuwagaba from Makerere University has called on government to spend resources on critical sectors like infrastructure, agriculture, manufacturing among others to grow the economy in the New Year, 2013. The central bank recently said the economy grew at 5.2% for the period ending December …
Read More »Government sets conditions for women travelling to China for business
By Julius Businge The government of Uganda recently directed the Chinese embassy not to give out travel permits to Ugandan women under the age of 35 intending to travel to China for business. The directive came at a time amid reports that some women end up into prostitution instead of …
Read More »Economic expert speaks about Uganda’s economy for the new year, 2013
By Julius Businge Lawrence Bategeka, the acting principle and research fellow at the Economic Policy Research Centre at Makerere University has urged all players of the economy not to repeat the wrongs committed in the past year so we can have a better 2013. Bategeka told The Independent in an …
Read More »Competition needed in the banking sector –IMF
By Julius Businge The International Monetary Fund Senior Resident Representative in Uganda, Ana Lucia Coronel has said that there is a need for banks to put up stiff competition in the sector, if customers are to benefit. “There is competition but it is not strong enough to influence business decisions,” …
Read More »