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Banks Fueling Forest Depletion - Report Says
Kampala - Environmentalists in Uganda have warned international Banks against funding projects in Uganda that are depleting the national forest cover and supporting land grabbing According to the new study carried out by the Friends of the Earth, an environmental organization advocating for the protection of nature, European banks and pension funds are funding palm oil giant Wilmar ...
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Agriculture Hurt By Poor Policy Implementation
Kampala - Failure by the Government to fully implement policies aimed at transforming the Agriculture sector has hurt Uganda's goods at the international market. Experts say that although Uganda developed comprehensive policies, the oblectives are rarely achieved. Dr Lawrence Bategeka the deputy Executive Director of the Economic Policy Research Center (EPRC)said during the First National ...
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Tributes - Thomas Pere
On Monday morning, Vision Group media company woke to the news of the death of one of its employees, Thomas Pere, who was a freelance journalist for New Vision paper. Police reports indicated that Pere's end Sunday late night was an act of brutality by unknown people who dumped his body in a different location. Still drowned in the shock of the loss of their own, work colleagues have ...
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Mukono SS Strikes Over Poor Boarding Conditions
Teachers of Mukono Senior Secondary School fled for dear life following a students' strike over poor living conditions. The Monday afternoon strike that was steadily spiraling out of control required the intervention of police officers from the nearby Mukono Police who arrived to contain the students. A teacher (in jacket) is caught up in a scuffle during the strike Students hurled ...
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Uganda Gets Border Posts Aid
Kampala - Trademark East Africa signed the MoU as a contribution to the World Bank's East Africa Trade and Transport Facilitation Project (EATTFP) and additional financing of One Stop Border Posts under East Africa Transit Improvement Programme and Trademark Uganda country programme. Trademark and the World Bank will finance the construction of Busia, Mirama Hills, Elegu and Mutukula ...
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Uganda Centum Profit Before Tax At U.S. $38 Million
Kampala - Centum Investment Company more than doubled its profits before tax from the previous financial year, posting Ksh 3.2 billion ($38m) translating to earnings per share of Ksh3.77 for reporting period ending March 31st 2013. In 2012, the firm reported profit before tax of $16m which was a Ksh1.79 in earnings per share. Income tripled to Ksh3.9 billion from the previous year's 1.3 ...
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Uganda Stanlib Readies for Sector Liberalization
Kampala - Fund managers STANLIB Uganda has trained over 80 trustees as the company carefully positions its self for the upcoming liberalization of the pension sector. The South Africa-based firm that has already established a presence in Namibia, Botswana, Lesotho and Swaziland, Kenya and Uganda, made its intentions known after successfully acquiring a provisional license to operate fund ...
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IMF Chief Advises Govt to Dump Tax Incentives
In last week's reading of Uganda's National Budget 2013/2014, Finance minister Maria Kiwanuka fronted bold steps to widen the country's tax base. Ana Lucia Coronel, Uganda's IMF senior resident representative has offered a piece of advice in this regard; abandon tax incentives. Tax incentives are exemptions from paying tax, offered to woo players into a specified activity ...
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Top Manufacturers to Get Kacita Awards
Kampala - Manufacturers who have excelled in producing quality products will be recognized and be presented with awards recognising their performance during the past year. The awards that were started four years ago, were introduced by the Kampala City Traders Association (KACITA) to promote quality goods and service delivery for the consumer. Everest Kayondo, the KACITA Chairman was ...
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Uganda Cimbria to Boost Agricultural Value Chain
Farmers are set to reap much from their toils with the improved technology in post harvest handling that is expected to reduce wastes, thanks to Cimbria East Africa Peter Wanjohi, technical Sales Assistant at Cimbria East Africa Ltd says that the value chain has been frustrated by lack of improved post harvest machines which has lead to poor quality of most produce thus lowering the price. ...
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Uganda Insurance Premiums Shoot Up
Kampala - The Insurance sector in Uganda has reported an 18.48% growth. This was after its annual premiums collections leaped from Ush296.8bn ($111.6m) in 2011 to Ush351.2bn ($$132m) in 2012 according to Insurance Regulatory Authority (IRA). Non Life Insurance premium written continued to be the leading contributor to the coffers of insurance companies after it brought in a total of Ush312.9bn ...
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