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22 January 2012
JUBA/BEIJING (Reuters) - South Sudan will announce plans for an oil export pipeline through East Africa next week, a priority for the new nation because its crude is “no longer safe” in Sudan, a government spokesman said on Saturday. Landlocked South Sudan took about three quarters of Sudan’s roughly 500,000 barrels per day of oil production when it [...]
Posted in Economy, Featured, News0 Comments
09 December 2011
Western Union and USAID Launch Second African Diaspora Marketplace | With Small Business Workshops in Seven Cities ~ Tour kicks off second phase of successful initiative designed to create entrepreneurial solutions to economic and social challenges.
Posted in Business, Featured, News0 Comments
06 December 2011
By Max Delany | AFP ~ Chris Nsamba says that at one time or another every successful scientist has been called a madman, and some think he is crazy about working to send the first Ugandan into space — from the backyard of his mother’s home. “People around here used to come and see and say he was mad, but [...]
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06 December 2011
By Elias Biryabarema, KAMPALA (Reuters) – The Uganda shilling firmed against the dollar for the second straight session on Tuesday, as greenback inflows from charities, offshore investors and Ugandans living overseas comfortably outweighed diminishing importer dollar demand. Traders forecast the local currency would extend its gains further in the days ahead, with an expected surge in remittances from Ugandans in the Diaspora [...]
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26 November 2011
By JOSH KRON, New York Times ~ Despite Ugandans’ dreams of industrialization, the country’s most lucrative export is coffee, and fish is second. Nearly 40 percent of the population survives on less than $1.25 a day, according to the World Bank. But when oil starts pumping within the next several years, the expected revenue of [...]
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26 November 2011
Technocrats handling the digital migration process are concerned that the process is not moving according to plan, largely due to financial constraints. Executive Director of the Uganda Communications Commission Godfrey Mutabazi is worried that Uganda may fail to beat the 2015 deadline for switching off from analogue TV broadcasting to digital because of delay by [...]
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23 November 2011
Here is a presentation by the MD for Knight Frank at the recent East Africa Real Estate Investment-2011 Conference. Focus on East Africa, in conjunction with its strategic partners, is organising the East Africa Real Estate Investment-2011 (the conference). The conference will be held on 22 – 23 November 2011 in Kampala, Uganda and is supported [...]
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14 November 2011
Posted by Richard M Kavuma, The Guardian ~ In an age of technological marvels, it may not be earth-stopping news that young engineers at Uganda’s Makerere University have made an electric car. But, as a university professor reminded me, this is big news for Uganda. Last week, the College of Engineering Design, Art and Technology at Makerere conducted [...]
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12 November 2011
By Elias Biryabarema | Reuters ~ KAMPALA (Reuters) – The Ugandan shilling edged higher against the dollar on Friday as tight shilling liquidity forced banks to unwind dollar positions to ensure their local currency holdings. Some traders forecast the shilling would strengthen further next week, lifted by dollar inflows from offshore investors purchasing government paper [...]
Posted in Economy, Featured, News0 Comments
06 November 2011
Analysis by Jesse Emspak, DISCOVERY NEWS ~ Electric vehicle manufacturing isn’t limited to big countries with huge auto industries. At Makerere University in Uganda, a group of engineering students and their professors showed they can do it too (and with fewer resources). It’s called the Kiira EV, and it isn’t fast or flashy, although it has the [...]
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06 November 2011
By Ed Stoddard | CAPE TOWN (Reuters) – Over 10,000 sq km with “high petroleum potential” has been relinquished in Uganda and will soon be available for relicencing along with unlicenced areas in acompetitive bidding process, an Africa oil conference heard on Friday. The discovery of commercially viable oil reserves in land-locked Uganda which are estimated to amount to 2.5 billion [...]
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03 November 2011
Focus on East Africa, in conjunction with its strategic partners, is organising the East Africa Real Estate Investment-2011 (the conference). The conference will be held on 22 – 23 November 2011 in Kampala, Uganda and is supported by the Uganda Government, AREA-Uganda, Uganda Investment Authority among others. The conference, which is supported by the Uganda [...]
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28 October 2011
KOTIDO, (IRIN) – Catherine Namoe straightens up from the back-breaking task of harvesting cow pea leaves to answer some questions. It is tough work, she says, and the men do not help much. Even if the rain does not come again to turn the plant’s yellow flowers into pea pods, the leaves can be dried [...]
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25 October 2011
The White House, Office of the Press Secretary ~ For Immediate Release, October 25, 2011 Presidential Proclamation — African Growth and Opportunity Act BY THE PRESIDENT OF THE UNITED STATES OF AMERICA A PROCLAMATION Section 506A(a) (1) of the Trade Act of 1974, as amended (the “1974 Act”) (19 U.S.C. 2466a(a)(1)), as added by section 111(a) of the [...]
20 October 2011
By JOSH KRON, New York Times ~ KAMPALA, Uganda — Sam Katende wipes his brow as a burst of steam from his frying pan blows into his face. This business used to be a lot easier, dishing out rolled eggs — or “Rolexes,” as the ubiquitous and beloved snack is known here — for about [...]
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04 October 2011
By Emily Wither, CNN ~ You could say Chris Nsamba has always been something of an overachiever. By the age of 16 he’d already won three science competitions for adults. Now in his late 20s, the Ugandan is still dreaming big: He hopes to build and launch the first African manned shuttle into space. “It isn’t [...]
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09 September 2011
By Ronnie Mayanja, UNAA Times Online ~ The UNAA Denver Convention served as the launching pad for a new product Tooke Flour that was supposed to be launched at the Sunday dinner but was delayed by the US Customs and never made in time for the UNAA Convention. The project that is a Presidential initiative [...]
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06 September 2011
Vanessa is a Ugandan born fashion designer raised in London UK. The Vanessa Mukasa Metropical Deluxe Collection was inspired by her love of Uganda and the wealth of colour within the African prints. The unconventional mix of different patterns mixed together with sequins to create a distinct look with different colour’s and textures is what [...]
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27 August 2011
By Anna Cavell, BBC, Kampala, Uganda ~ It would be easy to laugh at Chris Nsamba, founder of the African Space Research Programme. For a start, his research centre is based in his back garden where there’s not much evidence of the type of sophisticated tools and machinery I’d imagine you need for this kind [...]
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24 August 2011
LONDON, (Reuters) ~ British oil firm Tullow Oil (Stuttgart:591219) said it expected to conclude a long-awaited deal in Uganda in September as it posted soaring first-half profits and doubled its dividend. Tullow has been waiting since last year to finalise a deal to bring in new partners French oil major Total (Euronext: FP.NX) and Chinese group [...]
Posted in Economy, Featured, News0 Comments
18 August 2011
By Fred Ojambo ~ Uganda’s shilling, the world’s second worst-performing currency in the last month, climbed for a second day against the dollar as foreign investors bought the local currency to participate in a sale of three-year bonds. The currency of East Africa’s third-biggest economy appreciated 0.4 percent to 2,775 per dollar at 12:46 p.m. in [...]
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17 August 2011
CAMBRIDGE, Mass. PRNewswire ~ The future of Uganda’s telecommunications sector will depend on who can get to the mass market with mobile technologies. A mixture of technologically simpler yet sticky data services, such as mobile money, and more advanced applications using 3G will be the key to revenue generation in the mobile segment, according to [...]
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16 August 2011
By Elias Biryabarema, KAMPALA, (Reuters) – Uganda’s President Yoweri Museveni will allow 7,100 hectares of virgin forest to be farmed for sugarcane, his spokesperson told Reuters on Monday, potentially triggering a repeat of protests that stopped a similar deal in 2007. Tamale Mirundi said President Yoweri Museveni plans to let Sugar Corporation of Uganda Limited [...]
16 August 2011
By Fred Ojambo ~ Uganda’s shilling, the world’s worst-performing currency in the last month, headed for the weakest closing level on record because of increased demand for dollars by companies to pay for raw-material imports. The currency of Africa’s second-biggest coffee producer depreciated as much as 1.3 percent to 2,800 per dollar and traded 0.9 percent [...]
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12 August 2011
By Fred Ojambo, BLOOMBERG ~ Uganda’s shilling, the world’s worst-performing currency in the last two months, headed for a fourth week of declines against the dollar after reaching an 18- year low on rising demand for the U.S. currency. The currency of East Africa’s third-biggest economy depreciated as much as 1.4 percent to 2,817.5 per [...]
Posted in Economy, Featured, News0 Comments
03 August 2011
By Eric Ombok ~ Rift Valley Railways Ltd., operator of the Kenya-Uganda railway, signed a $164 million loan accord to finance an upgrade that may boost capacity almost four-fold, according to its biggest shareholder, Citadel Capital SAE. The credit is part of a planned $287 million investment in RVR over the next five years, Citadel Chairman [...]
Posted in Economy, Featured, News0 Comments
01 August 2011
By Fred Ojambo, BLOOMBERG ~ Uganda’s shilling fell to the lowest in more than a month against the dollar as companies bought the U.S. currency to finance their operations against reduced inflows of the greenback. The currency of Africa’s second-biggest coffee producer depreciated 1.1 percent to 2,651.25 per dollar, the weakest intraday level since June 30, [...]
Posted in Economy, Featured, News0 Comments
31 July 2011
AFP,Kampala ~ A huge fire on Sunday gutted Uganda’s largest market in central Kampala destroying merchandise worth hundreds of thousands of dollars, traders and police said. Everest Kayondo, chair of the Kampala City Traders’ Association, told AFP that the blaze tore through Kampala’s Owino market during the early hours of Sunday morning destroying thousands of [...]
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27 July 2011
By Nicholas Bariyo, KAMPALA, Uganda (Dow Jones) ~ Ugandan opposition parties Wednesday said that they would resume nation-wide protests against escalating food prices and inflation next week, blaming the government for not addressing the prevailing distressful economic environment. The opposition under their umbrella pressure group, Activists for Change, said that despite their decision to pause [...]
Posted in Economy, Featured, News0 Comments
22 July 2011
By Fred Ojambo ~ Uganda’s shilling fell to its lowest level against the dollar in more than a week as companies bought the U.S. currency to finance the import of raw materials. The currency of Africa’s second-biggest coffee producer declined as much as 0.2 percent to 2,600.50 per dollar at 3 p.m. in the capital, [...]
Posted in Business, Featured, News0 Comments
13 July 2011
By Fred Ojambo ~ Uganda’s shilling appreciated the most in more than a week against the dollar as inflows of the U.S. currency from sales of exports and from aid increased. The currency of Africa’s second-biggest coffee producer gained for a second day, adding 0.6 percent, the biggest intraday jump since July 4, to 2,587.50 per dollar [...]
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13 July 2011
By Nicholas Bariyo ~ KAMPALA -(Dow Jones) ~ Independent power producers have agreed to resume emergency power generation in Uganda following an agreement with the government over unpaid generation fees, Energy and Minerals Minister Irene Muloni said Tuesday. At least two diesel-fired thermal plants resumed operations Tuesday after the government assured the owners of payment of [...]
Posted in Business, Featured, News0 Comments
12 July 2011
The Complete Online Business Directory for Uganda. The Ugandan Business Directory showcases Ugandan Companies Online. The Business Directory Uganda lists companies in Uganda & Kampala. Accommodation Uganda, Agriculture Uganda, Architecture Uganda, Automobiles Uganda, Banking & Finance Uganda,
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11 July 2011
By Fred Ojambo ~ Ugandan taxi operators have started a two-day strike in the capital, Kampala, over high duties, bringing transportation to a standstill, said Information Minister Mary Karooro Okurut. Leaders representing drivers and conductors backtracked on an agreement last night to call off the strike ahead of talks with Vice President Edward Kiwanuka Ssekandi and [...]
Posted in Economy, Featured, News0 Comments
10 July 2011
Callsmadelocal is a worldwide technological provider that allows you to make your phone calls wherever you are while using the same value added services. Now you can get a hold of your loved ones or make your business calls to and from international locations in one easy step and very low rates. We currently offer [...]
Posted in Classified Ads, News0 Comments
08 July 2011
By Fred Ojambo ~ Uganda’s shilling had its biggest weekly drop in two years against the dollar as importers increased demand for the U.S. currency to buy oil products to fire generators amid an electricity shortage in the East African nation. The currency of the continent’s second-biggest coffee producer depreciated 1 percent to 2,610 per dollar [...]
Posted in Business, Featured, News0 Comments
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