MTN Uganda — the country’s largest company by revenue — and the government have reached a deal on the renewal of the telecoms firms’ operating licence, according to a report. The Daily Monitor said that MTN has agreed to pay $100m, or Shs371.5bn, for a 10-year operating licence. The deal was confirmed by Keith Muhakanizi, […]
Category: Uganda Business
Impasse on Ugandan oil short lived – Museveni
Museveni, flanked by Minister Muloni, arrives for the summit on Wednesday. President Yoweri Museveni has said that he is in touch with the executives of oil companies and will meet them soon to discuss the current impasse in the sector. Museveni, who was speaking at the 5th Oil and Gas Summit at Serena Hotel in […]
Tullow Uganda boss Jimmy Mugerwa Promoted; Transferred to London
Tullow Oil (Uganda) boss Chairman Jimmy D. Mugerwa Tullow Oil Uganda country director, Jimmy Mugerwa has been promoted and will soon travel to serve from the head office in London, UK. “He is set for a higher managerial position with more responsibilities,” said a close associate of Mugerwa on Wednesday. A Senior Executive with over […]
Uganda: Govt unveils plan to grow economy by commercialising agriculture, cheaper credit, export growth and import substitution
Government has unveiled a plan it says will rapidly grow the economy and create jobs. The 2019/2020 draft Budget Estimates for Financial Year 2019/2020 show that five priority areas have been identified, including lowering the cost of credit, cost of doing business, growing exports and improving import substitution industries. Others are increasing opportunities for youth […]
Uganda: Drought drives up milk prices
Since November last year, most of the districts in the Rwenzori sub-region have been experiencing drought and this has affected milk production. As a result, milk prices have soared, especially in Fort Portal town. Farmers now move long distances with their animals in search of pastures and water due to their (farmers’) failure to adapt […]
Uganda: URA to Collect $280m From Cargo Clearing Programme
Without breaking a sweat, the customs department at Uganda Revenue Authority (URA) is guaranteed of slightly more than a trillion shillings ($280m) in revenue from companies it has enrolled in the Authorised Economic Operator (AEO) programme. The AEO is generally a trade facilitation initiative which the tax body uses to ease trade by simplifying and […]
Norway happy with Uganda’s progress in the Oil Sector
Interview between Susan Eckey, Norway’s ambassador to Uganda and The Independent’s Ronald Musoke on the growing bilateral relations between the two countries. Tell us about your impressions of Uganda since you arrived in 2015? Uganda is my first posting as a bilateral ambassador. I am a career diplomat and I started my foreign service in […]
Ugandan shilling in firm position on support from charities
NGO salaries affect Uganda shilling
World Bank’s understanding of the informal sector in Kampala
Pic: Street vendor in Kampala. Credit: Edgar Batte The informal sector is a large part of employment in African cities. The International Labour Organization estimates that more than 66% of total employment in Sub-Saharan African is in the informal sector. With a pervasive informal sector, city governments have been struggling with how best to respond. […]
Why The East African Oil Bonanza Remains A Dream… For Now
When Tullow Oil (Tullow) announced the basin opening finds in Uganda and Kenya in 2009 and 2012, oil prices were soaring and both countries were jubilant over joining Africa’s oil boom. Undaunted by the collapse in oil prices, Uganda, Kenya and their exploration partners press forward with development of their massive oil fields estimated at […]
