Wednesday , May 24 2017
Home / Business

Business

Ugandan Carpenters Condemn Chinese Furniture

Chairman Nsambya carpenters, Moses Muleke

The Nsambya Carpenters’ chairman, Sadam Moses Muleke, is concerned at how the Chinese are failing the market for locally-made furniture. “We know the biggest challenge in the market and who doesn’t first look or consult us the local carpenters, but sells furniture at a very low price which is very …

Read More »

Uganda needs accurate, complete accounting to track money leakages

Ross-Campbell-ICAEW-Director

Britain’s Director of Public Sector of the Institute of Chartered Accountants in England and Wales (ICAEW), Ross Campbell, was in Kampala to attend the African Congress of Accountants (ACOA) Conference at the Commonwealth Resort Beach Hotel in Munyonyo. Before joining the ICAEW, Campbell was Deputy Director for Government Financial Reporting, …

Read More »

Economy: Worst Performance in 30 years

Finance Permanent Secretary Muhakanizi attended the meeting

Agriculture, social spending key to economic recovery says IMF Uganda is set to record its worst economic performance in 30 years largely because of last year’s prolonged drought that severely hit the agriculture sector but also due to excessive investments in the infrastructure at the expense of other social sectors. …

Read More »

Fresh Dairy staffs observe Labour Day in style as they promise to maintain quality

Fresh Diary Marks Labour day in Style

Fresh Dairy staff commemorated the International Labour Day under the theme ‘Securing decent work for sustainable social-economic development’. As part of the commemoration, Fresh Dairy staff while taking a souvenir photo for 2017 declared ‘Quality as their priority’ at all times during work. International Labour Day is a celebration of …

Read More »

Heifer recipients in northern Uganda advised on care

Some of the heifers donated to Gulu residents

Some 28 households in Gulu district this week received heifer (milk producing) cattle from government under the Operation Wealth Creation Programe. For the beneficiaries, many of whom are elderly men and women burdened by orphans, had a reason to smile following years of waiting. The recipients expressed hope that the …

Read More »

China-Uganda Trade row:

Minister of ICT Frank Tumwebaze center flanked by Chinese deputy Ambassador Chu Maoming (L) and Huwaei boss Stanley Chyn

Chinese envoy fires back at critics over unfair trade practices China’s Deputy Ambassador to Uganda Chu Maoming fought back tears as he complained at what he called mistreatment of his countrymen by Uganda’s local business community that has recently turned hostile against the Chinese business community. Although he was meant …

Read More »

Seed shortage; a hidden crisis limiting Uganda’s prosperity

  The ongoing rains in most parts of the country will likely go without being optimally used because farmers are unable to access sufficient quantities of quality seeds for the important staple foods like maize, beans, bananas, cassava and sweet potatoes. The latest blow comes from the government’s failure to …

Read More »

Rusumo hydropower project; A case of the Nile basin’s shared destiny

  March 30, last week was a historic day in relations between the ten countries that form the Nile basin.  More than 99.5% of Uganda total geographical area lies in the basin. Construction of an 80MW hydro-power dam was flagged off at Rusumo falls located at a common border between …

Read More »

SACCOs: Changing mindsets to enable them serve members

Collins Agabalinda

  Following our pioneering reports last week on the challenges facing the Microfinance sector in Uganda, including politicization of government contributions, week legal regime and weak supervision, there appears to be a ray of hope that the sector will experience some order in the near future. In an Interview with …

Read More »

SACCOs: Iyaledi defies the odds of a precarious industry

Iyadeli SACCO Manager, John Michael Ekamu, at his desk in his office

  “Save and Be Rich”. This is the motto of Iyaledi Savings and Credit Co-operative Organization (SACCO) located in Iyaledi trading centre in Katera Sub-county in the Eastern Uganda district of Serere. Starting with a membership of 27 people from four surrounding villages in 2007, the SACCO has since grown …

Read More »