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Articles
September

Demand For New Cars Up Despite Poor Economy

Figures from the Uganda Motor Industry Association (UMIA), show that

sales of new vehicles increased by 3% in the last eight months. An estimated 1,785 units were sold as of August, compared to 1,618 units sold in a similar period last year. The UMIA data also corresponds with that of Uganda

By Milly Kibombo
18th September 2011   Read More...

Traders Unhappy With URA Exchange Rate

Kampala City Traders’ Association (KACITA) spokesperson

Issa Sekitto says they are upset that the URA ignored a presidential order fixing the rate at Shs 2,400 for six months.“During our August meeting with the President, he agreed to fix the tax exchange rate at Shs2,400 for

By Moses Talemwa
14th September 2011   Read More...

Will Oil Fuel Uganda’s Development Agenda?

Along with a number of other oil companies, British ‘wildcats’ Heritage

Oil and Tullow Oil announced details of a major find – possibly the largest onshore field in Sub-Saharan Africa – exceeding the 400 million barrels threshold needed for commercial viability.

By Robert Nsubuga
14th September 2011   Read More...
 
 

Ast Africans Join Hands To Combat Power Crisis

Players in the power sector from across the region meeting in Kampala for the

first time for the East African Power Industry Convention (EAPIC) held at Kampala Serena Hotel acknowledged the fact that the escalating power problems in the region are a result of working in isolation where each country

By Simon Musasizi
14th September 2011   Read More...

More Woolworths Stores
Here

The venture was revealed at a ceremony held last Friday in Dar es

Salaam, Tanzania. The deal will bring the total number of stores to three and four in Uganda and Tanzania respectively. Woolworths has also improved its merchandise base, offering formal and casual wear for all sizes.

By Allan Ssempebwa Kyobe
14th September 2011   Read More...
 
 
 

High food prices
tempt
farmers

Nyangoma explains that with higher profits available to food crop traders,

many have moved in to buy and stock as much produce as possible, enticing farmers with attractive prices. This development has coincided with an improvement in the road infrastructure.

By Moses Talemwa
7th September 2011   Read More...

Rugby:
Settling
the
score

Officials from nine banks took part in a four-day training in oil, power and gas

issues recently, as the opportunities and direction of the energy industry take shape. dfcu, the chief organizer of the training in partnership with EuroMoney, noted that the training was a way of preparing the financial industry for the

By Felix Eupal
7th September 2011   Read More...

 

 

 
 
 
     
 
August

Local firms
win
market
tenders

Government has opted for home grown companies, awarding five of the

seven lucrative contracts to local construction firms to build modern markets in the country. Local firms Amugoli General Enterprises Ltd, Dott Services Ltd, Ambitious Construction Ltd, Vambeco Enterprises Ltd and Excel

By Moses Mugalu
29th August 2011   Read More...

Bobi
Wine
Weds

When Archbishop Cyprian Kizito Lwanga asked Bobi Wine and his bride Barbie Itungo

what they would ask of God given a chance, their answers were interesting. Bobi prayed for his king Ronald Muwenda Mutebi and his family, and then asked God for twins. Barbie on her part asked for a good marriage and

By Abdu- Baker Mulumba
29th August 2011   Read More...

Post -
Blu3
Lillian
Amazes

Most music fans still refer to Lillian Mbabazi as ‘Lillian - formerly of Blu3.’ But

looking at the progress she is making this tag is rapidly fading. And as revelers who turned up in big numbers to watch the monthly unplugged show at Silk Lounge will testify, the new tag ‘Lillian and the Sundowners’ is growing on

By I.Wanyenze, S.Baranga
29th August 2011   Read More...
 
 

Crisis: Fuel - Shs 4,000, Sugar- Shs 5,000

Skyrocketing fuel prices, galloping inflation, a battered shilling and power

outages are threatening to bring Uganda’s economy to a shuddering halt.Yet, as conditions become unbearable, disillusioned Ugandans should brace themselves for harder times because no respite appears on

By Emma Mutaizibwa & Hussein Bogere
29th August 2011   Read More...

Banks
tipped
on oil opportunities

Officials from nine banks took part in a four-day training in oil, power and gas

issues recently, as the opportunities and direction of the energy industry take shape. dfcu, the chief organizer of the training in partnership with EuroMoney, noted that the training was a way of preparing the financial industry for the

By Allan Ssempebwa Kyobe
29th August 2011   Read More...

UNDP
offers
Uganda
$50m

The United Nations Development Fund has offered $50m to Uganda to improve

on the environment, agriculture, human rights, energy, tourism, wildlife, and design programmes to effectively absorb workers’ remittances. While the grants to such areas like environment and agriculture have been common, it is the

By Milly Kibombo
24th August 2011   Read More...
 
 

Demand
for
loans
slumps

The appetite to take up more loans is waning as interest rates inch up. As a

result, commercial banks could generate less interest income for the second half of this year, considering much of their revenue is made by churning out more credit. Interest rates on credit have been going up over the last two months as

By Milly Kibombo
24th August 2011   Read More...

Top
10
Vocational Courses

With admissions in vocational institutions now going on, Moses

Talemwa talked to various Education counsellors on which options are available for students seeking to enrol for diploma and certificate courses. Check out the top ten lucrative vocational courses.

By Moses Talemwa
21st August 2011   Read More...

Government to take offline
fight
online

Security minister Muruli Mukasa recently attracted criticism when he

hinted at a government’s plan to clamp down on social media sites like Twitter, Facebook and YouTube. According to Mukasa, these social networking sites are increasingly being used to incite the public.

By Moses Mugalu
21st August 2011   Read More...
 
 

China fires up trade in
fish maws

Currently, the initial price of small size of dry fish maws is Shs 70,000 per kilogram;

a kilogram of medium goes for Shs 150,000, while normal large is at Shs 220,000. The extra large goes up to Shs 350,000. Fresh maws go for half the price of the dry ones. Mugweri says that he sells at a relatively higher price to the

By Joseph Kimbowa
17th August 2011   Read More...

Uganda’s tourism basks in discovery of ape’s skull

A team of Ugandan and French scientists discovered the sub-

complete skull of the ape on July 18, 2011 in what researchers described as a historic discovery. This followed 25 years of research, which started in 1985 in Karamoja. Preliminary studies indicate that the skull belonged to a

By E.Ssekika, S.Musasizi
17th August 2011   Read More...

Rent now charged
in
dollars

Some of the tenants The Observer spoke to say the main reason many of them are ditching

Kampala’s office blocks is because of the volatile dollar. The value of the dollar has gone up from Shs2300 in January to the current Shs2800, representing an 18% appreciation.

By Moses Talemwa
17th August 2011   Read More...
 
 

Impact of
weak shilling
on
trade

The US dollar is averaging at Shs 2580, the EURO at Shs 3690 and the  

Pound at Shs 4100. This was the cause of the two day KACITA strike a few weeks ago protesting the high value of the dollar. Uganda’s economy depends a lot on imports as the local manufacturing industry is still developing.

By Micheal Kabuuka
14th August 2011   Read More...

IMF backs
URA new property legislation.

Speaking about URA’s new stamp duty guidelines for transfer of property at

the IMF office in Kampala, Thomas Richardson, the institution’s Senior Resident Representative in Uganda as quoted in a press statement saying that, indirect methods are common practice internationally.

By Moses Mugalu
10th August 2011   Read More...
 
 
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