Six companies have lost their telecommunication business licenses in
Uganda after failing to launch their services within the required time.
The affected firms include; Talk Telecom, Mo Telecom, Mara Telecoms, a subsidiary of the Mara Group, Excellentcom Uganda Limited, Janu
The National data transmission backbone infrastructure and
e-government project will become operational in October, a top official has said. Dr. James Saaka, the head of the National Information Technology Authority (NITA), told MPs on the parliamentary committee on ICT that the
Do you know why your firm has been rejected and a tender awarded to a
foreign firm? According to experts, most local firms fail to get contracts because they do not have the required experience and financial standing. According to Mr Benon Kwizera, the Kisoro District Procurement officer, some local firms
Government Forms Shs24 Trillion Private Energy Fund
The government has created the Uganda Energy Credit Capitalisation
Company (UECCC)) to enhance the flow of financing towards private sector-led renewable energy. The government hopes that with UECCC now formed, it will attract private sector investments in renewable energy generations through
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
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
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.
New Value Added Tax law to increase cost of services
The VAT Regulations relating to accounting for VAT on imported
services have been amended, and the amendment takes effect from 1 July 2011. all businesses in Uganda that import services from consultants and service providers who are based outside Uganda will pay higher VAT
Up to 25 artists exhibited what many, even before it went up, biggest
foreign exchange earner, directly employing more than 7 percent of the population. Tourism is the fastest growing industry in the world and is a sector worth investing in for a poor country like Uganda with a balance of
A wave of strikes by different workers demanding higher wages wages is the
in-thing in Uganda today. Plantation / estate workers, doctors, nurses, interns, cleaners, politicians in KCCA, lecturers, and teachers are all denouncing the low salaries / allowances they are paid. Others have opted for silent strikes by
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 banks
Business people from Uganda will benefit from bilateral investment and
trading relations with from Thailand, one of Asia's major economies.
The trading relationscovering textile, property development, agricultural machinery, construction, beverage distributors, restaurants, tours and travel.
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.
Business census raises questions about trade’s dominance of the
economy and its links to poverty
Business experts see little to celebrate in a recent survey showing trade as Uganda’s dominant sector, with 61% of enterprises. Some have said the finding - by the (UBOS) - instead highlights the
the 2nd Innovations Centre in the Region and 4th in Africa at Makerere University’s College of Computing and Information Sciences. The Innovations Centre will be used by Makerere University and Uganda .
Founded in 2008, Appfrica Labs is a unique space in Kampala, offering
jobs and startup support to young Ugandan developers with bright ideas. The brainchild of Gosier, 28 -- an Atlanta native who had never set foot in an African country until he arrived in Uganda two years ago -- Appfrica is part