Shs52bn data centre set to boost Uganda’s digital economy according to US group Raxio

The covid 19 pandemic saw an increase in internet usage globally. This was due to the fact that most people devised means of working from home in fear of catching the disease. This meant increased pressure on broadband networks. According to Robert Mullins, the Raxio Director they are set to construct a second data centre in Uganda. This will cost…

Uganda Investment Authority Announces Morrison Rwakakamba As The New Board Chairman

Uganda Investment Authority Announces Morrison Rwakakamba As The New Board Chairman

The Uganda Investment Authority (UIA) board has announced its new board chairman and its none other than Morrison Rwakakamba. Rwakakamba who will replace Dr. Emely Kugonza has been the CEO at Agency for Transformation (AfT) and also a board member at UIA. Dr. Kugonza will be stepping down just into his third year as the board chairman after winning the…

Business activities in Uganda on rise

The private sector in Uganda has continued to recover in the April with business conditions, employment and purchasing orders consistently improving. Since February this year, it has secured greater volumes of new orders amidst normal operating conditions. The Purchasing Managers’ Index (PMI) rose to 57.8 in April from 53.2 in March. This has signaled a third successive monthly improvement in business…

President Museveni – Uganda has the capacity to employ up to 70 million citizens

President Museveni - Uganda has the capacity to employ up to 70 million citizens

While commemorating the International Labour Day, President Museveni said Uganda has the capacity to create over seventy million jobs as long as we embrace the idea of commercialized agriculture. He further encouraged Ugandans to pay attention to NRM’s principle of socio-economic transformation as it has all the key solutions to our current predicament. “We are going to create the jobs;…

French Embassy partners with Stanbic Business Incubator to Finance eco-system entrepreneurs

French Embassy partners with Stanbic Business Incubator to Finance eco-system entrepreneurs

LATEST IN BUSINESS – Stanbic Business Incubation has partnered with the French embassy to support the Micro, Small & Medium Enterprises (MSMEs) in the Agro-ecology and eco-tourism sectors. This will help to enhance productivity sustainability and also help in the creation of jobs. This partnership between the French Embassy and Stanbic Incubation will further help to achieve sustainable Development Goals…