Movit Uganda a skin care products company has reiterated how it’s set to capitalize on the Continental Free Area as one of the tools in the continent’s economic integration to capture the continent. Mr Bruce Mpamizo, Movit Uganda’s CEO while launching the company’s new product which is a family soap said that their next target is spreading across the continent.…
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EU Avails UGX 20bn For Business And Industrial Parks
The European Union is extending a 20 billion shillings funding to help in greening four industrial and business parks as the start, and later. There are about 5200 factories in Uganda that create about two million jobs. It’s for this reason that the European Union has moved to partner with the sector players by availing 20 billion shillings meant for…
Read MoreReport shows corruption and unnecessary delays as main causes of poor implementation
A meeting held last week between the office of the prime minister, finance and the panning authority on the status of project implementation showed that corruption and unnecessary delays are the major causes of delays in project implementation. While speaking to the press afrer this meeting Vincent Tumusiime the Director Social Economic Monitoring Research Press Officer said that the major…
Read MoreNational Statistical Data To Be Expanded Under New Five Year Project
Under a five year project, the Uganda National Bureau of Statistics (UNBS) will widen the scope and depth of the national statistical data base including more numbers from parishes and villages upwards to be included in the national database. Today if someone wanted the information of a particular district, they would have to go to that respective district to get…
Read MoreUNICEF Uganda Inks Shs67Bn Agreement With Swedish Government
UNICEF and the Government of Sweden have today signed a memorandum of understanding where the Swedish Government will contribute additional funding equating to 67 Billion Uganda Shillings. The funding is expected to aid priority projects which include among others realizing the rights of children, combating the high cases of teenage pregnancy and more. “This memorandum of understanding will result into…
Read MoreRubis Energy Comes Up With New Advanced Fuel Technology To Save Customers
French fuel company Rubis energy has come up with a new launch known as Rubis UltraTech as it’s up-to-date fuel technology on the Ugandan market. The company came onto the Ugandan scene In July this year after purchasing Kobil and Delta. The company says that the new launched venture is set to enhance vehicle engine health and performance with less…
Read MoreLack of Data Hindering Real Estate Development
The lack of clear and quantitative data on the real estate sector in Uganda is according to experts impeding holistic growth, now already affected after economic effects of the Covid19 pandemic. In the annual real estate conference, experts raised concerns at the rapid urbanisation which is today accelerating the housing deficit predicted to reach 8 million by 2040. The global…
Read MoreFuel Prices Expected To Continue Rising
Fuel prices in Uganda are expected to continue rising due to the high costs of transportation from the ports of Mombasa and Dar es Salaam. Government currently has no control over fuel prices because of the volatility in the oil market. Fuel prices are not only governed by world prices but also the price per barrel of crude oil per…
Read MoreURA tasked to strategize and start taxing the Informal Sector
Society Organizations have tasked the Uganda Revenue Authority which is the tax collecting body to come up with strategies that can enable the body to collect taxes from those working in the informal sector. The country director of Action Aid Uganda, Mr Xavier Ejoyi noted that young people under the age of 35 years embellish 78% of the country’s population…
Read MoreBlack Friday Deals Back As Online Stores And Shoppers Gear Up
Online shoppers in Uganda are in high spirits as the the shopping season is dawning on them already. And unlike last year when the COVID 19 pandemic hindered everything, e-commerce stores are hoping to reap huge profits from this year’s Black Friday deals. This day which has of late in Uganda become a ritual is expected to give huge discounts…
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