Uganda participaes in Astana EXPO 2017, takes trade potential to central Asia Kampala, Uganda | THE INDEPENDENT | Uganda last week showcased her business, tourism and national achievements at the ongoing Astana EXPO2017 in Kazakhstan. The highlights of the Uganda day on July 24th 2017 included a press conference, a presentation …
Read More »Museveni launches Kkubiri Furniture Makers Development Initiative
Kampala, Uganda | PPU | President Yoweri Kaguta Museveni has this morning launched the Kkubiri Furniture Makers Development initiative,workshop. The furniture makers group has been supported by the President through his office, equipping their workshop with modern furniture making equipment. The KKubiri Furniture Makers Development Initiative has a membership of over 1000 people organised …
Read More »ICPAU forum says BUBU policy will boost local businesses
Entebbe, Uganda | JULIUS BUSINGE | Uganda’s local businesses have a reason to be optimistic about the future of doing business in the country in case the discussions that were held at the 5th Economic Forum organised by the Institute of Certified Public Accountants of Uganda (ICPAU) in Entebbe from July 19 …
Read More »Government sets terms for Nakumatt to pay suppliers
Government sets terms for Nakumatt to pay suppliers Kampala, Uganda | JULIUS BUSINGE |Government of Uganda through the Ministry of Trade has given Nakumatt Holdings, a regional retail chain up to end of this month to have secured an investor to clear arrears for suppliers and landlords . In an …
Read More »Stormy G20 ends with opt-outs for Trump on climate, trade
Hamburg, Germany | AFP | World leaders made concessions on trade and climate language to Donald Trump Saturday at the end of the most fractious and riot-hit G20 summit ever, in exchange for preserving a fragile unity of the club of major industrialised and emerging economies. In a departure from final …
Read More »Total to sign Iran gas deal, biggest since sanctions lifted
Tehran, Iran | AFP | French energy giant Total will finally sign its multi-billion-dollar agreement to develop an Iranian offshore gas field on Monday, the oil ministry said, in the biggest foreign deal since sanctions were eased last year. “The international agreement for the development of phase 11 of South …
Read More »Fears BOU could fail to hit private sector credit target for last quarter
Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda is pessimistic about growth in private sector credit for the last quarter of this financial year. This is the latest bad news suggesting the country is yet to achieve desired economic growth of over 7%. “We are not likely to achieve …
Read More »AGOA: Guide on how to export duty-free from Uganda to US
How To Export Duty-Free From Uganda To The U.S. Under The African Growth And Opportunity Act (AGOA) This guide (below) outlines the step-by-step process that Ugandan businesses should take to export to the U.S. duty-free through AGOA. Exporting can be a challenging process, but it can also be profitable for the …
Read More »Uganda’s MFA says Chinese diplomats not involved in ivory trade
Kampala, Uganda | MIN FA| Following leaked reports that President Yoweri Museveni had ordered a probe into collusion between Uganda Wildlife Authority (UWA) and several Chinese nationals, the Ministry of Foreign Affairs of Uganda has come out to clarify that the two accused are not diplomats. A statement released by the …
Read More »Chinese exports, imports beat forecasts but analysts wary
Beijing, China | AFP | China on Thursday posted a forecast-busting surge in exports and imports in May, signalling improvement in the world’s number two economy, but there were warnings Beijing would struggle to maintain its momentum. The readings will come as a relief after a series of weak readings …
Read More »