Manufacturers in Uganda can look forward to reduced costs of electricity and interest rates as the country helps to boost the sector and create jobs, President Yoweri Museveni has said. He said the aim is for manufacturers to pay sh169.39 ($5cents) per unit up from sh372 ($11cents) for electricity per …
Read More »EU, US and Uganda blast Machar over South Sudan war talk
International community slams fresh call for war in S.Sudan Nairobi, Kenya | AFP | The international community on Thursday hit out at a call from South Sudan’s rebel leader Riek Machar for renewed war with the government, raising concerns about heavy fighting in recent weeks. Machar, the former vice president, …
Read More »Cranes approach World Cup qualifiers with Nations Cup gusto
Friday Ghana vs Uganda, 6.30pm (LIVE SS4/UBC) Group A :Libya, Guinea, DR Congo, Tunisia Group B: Zambia, Cameroon, Nigeria, Algeria Group C: Gabon, Morocco, Mali, Ivory Coast Group D: Burkina Faso, South Africa, Cape Verde, Senegal Group E: Uganda, Congo, Egypt, Ghana Matchdays 1: Oct 3-11 2016 2: Nov 7-15 …
Read More »Dramatic rescue images as EU urged to change on migrants
ABOARD THE ASTRAL, Italy | AFP | The horror, terror and joy felt during perilous rescues of migrant boats have been captured in powerful new images published Wednesday, as the latest deadly episode in the Mediterranean fuelled calls for Europe to change tack on the crisis. DEATH IN THE …
Read More »Uganda 19th in 2016 Ibrahim Index of African Governance
Security hampers 10-year African governance growth London, United Kingdom | AFP | Governance in Africa has gradually improved over the past 10 years but has been held back by deteriorating security and the rule of law, an annual index tracking development showed Monday. Some 70 percent of African citizens now …
Read More »IMF: ‘Brain drain’ hits sub-Saharan Africa
Johannesburg, South Africa | AFP | Skilled workers are leaving sub-Saharan Africa in rapidly increasingly numbers, producing a “brain drain” that causes long-term social damage, the International Monetary Fund warned Tuesday. The IMF said that the number of sub-Saharan migrants living in developed countries could increase from about seven million …
Read More »Uganda one of 10 countries hosting half world’s refugees
London, United Kingdom | AFP | Ten countries accounting for 2.5 percent of world GDP are hosting more than half the world’s refugees, Amnesty International said Tuesday as it slammed what it called the selfishness of wealthy nations. In a report on the plight faced by the world’s 21 million …
Read More »Who owns Uganda’s new oil exploration firms?
On Aug. 01, 2016, the Ministry of Energy and Mineral Development announced the completion of evaluation of seven bids for the first competitive licensing round and invited four of them to negotiate for Production Sharing Agreements (PSAs). The government will eventually issue five exploration licenses upon successful completion of the …
Read More »Hima Cement pins growth on $40m new Tororo plant
Lafarge Africa hopes to boost its market share in Uganda’s cement market through its subsidiary Hima Cement Ltd’s new plant in the country’s eastern region. The $40million plant, set to be constructed at Nyakesi in Rubongi in Tororo, is expected to increase the firm’s cement production capacity to 1.8million metric …
Read More »MUSEVENI: URA can lead Uganda to middle income status
President Yoweri Museveni has described the Uganda Revenue Authority (URA) as one of the successes of the National Resistance Movement government. “You are among the greatest heroes of this nation,” said Museveni, in a speech read for him by the Prime Minister Ruhakana Rugunda at the climax of URA’s Silver Jubilee celebrations …
Read More »