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How Nigeria’s Economy Grew By 89% Overnight

TweetSouth Africa was Africa’s largest economy. The IMF put its GDP at $354 billion last year, well ahead of its closest rival for the crown, Nigeria. By Sunday afternoon that had changed. Nigeria’s...

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Cream of African Exhibitors Flowing In For INDABA 2014

TweetTHE BIGGEST and most prestigious tourism products and services from across the African continent are confirmed to exhibit at INDABA 2014. They will showcase their offerings to the 1441 confirmed...

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Microsoft Completes Purchase Of Nokia

TweetThe sale will see the end of production of mobile phones by Nokia. Microsoft has completed its purchase of Nokia’s mobile phone business for 5.44bn euros ($7.5bn; £4.5bn). The deal between the two...

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Airtel Uganda Opens Shop In Gulu

TweetAirtel Uganda yesterday opened a new premium customer care center in Gulu Town Gulu District representatives and Airtel officials cutting the cake The function was presided over by Gulu Mayor, His...

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Returned OPM Scandal Monies Used To Construct Schools

TweetThe Norwegian government is constructing schools in Northern Uganda using the 7.8 billion Uganda Shillings refunded by the Office of the Prime Minister. The funds were initially under the Peace...

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M7 To Open Mbale Market Complex

TweetEntrance to the market complex Ugandan president, Yoweri Museveni is today expected to open the Mbale central market complex in the east of the country. The 3-storied market boasts 580 lock -ups...

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Jinja To Make Charcoal Out Of Garbage

TweetWhile others throw their rubbish away, residents of Mpumudde/ Kimaka division are in need of it. While others cut trees or buy charcoal for cooking, the Jinja residents make their own charcoal out...

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Superbrands Kampala Event Beckons

TweetMultinational or small scale, being recognised by the world’s largest independent arbiter of branding is a massive stride in business and the Kampala Superbrands Tribute Event 2014 slated for June...

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M7 Opens Shs 26B Mbale Market

TweetPresident Yoweri Museveni has this afternoon opened a multibillion market complex at Market Street in Mbale town. The 580 lock-up market partly funded by a loan from the African Development Bank...

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China Set To Overtake U.S. As Biggest Economy This Year

TweetWorkers make final inspections on vehicles on the production line at a plant operated by Dongfeng Peugeot-Citroen Automobile Ltd., the joint venture between Dongfeng Motor Corp. and PSA Peugeot...

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Uganda Coffee Production To Triple

TweetOn realizing the value of Uganda’s coffee could reach $ 3.3 billion in five years according to the draft National Coffee Strategy. The National Coffee Strategy was drafted by coffee farmer...

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Centenary Bank Spends Shs4.5m on Children in Remand Home

TweetCentenary Bank Principal Human Resource Manager Juliet Mukiibi handsover items to Mary Kyomuhangi the Assistant Probation Officer at The Naguru Remand Home on Friday . Centenary Rural Development...

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Ugandans Not Ready For Oil

TweetAs oil companies, CNOOC, Total and Tullow move closer to oil production, participation of Ugandan has been found to be below the required standards. A National Local Content Baseline Survey...

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Uganda Faces Economic Risks – IMF

TweetThe International Monetary Fund has predicted that Uganda will face economic risks from both domestic and external environment, which are likely to impact negatively in health of economies despite...

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Uganda Re Lisiting

TweetUganda Reinsurance that was launched recently is planning to list on the Uganda Securities Exchange (USE). Uganda Ra intends to underwrite premiums worth sh15b in 2014 and sh22.6b in 2015....

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Preparations In High Gear As INDABA 2014 Draws Near

TweetThis year’s show will be held from 10 – 12 May at the Albert Luthuli Convention Centre (Durban ICC), South Africa. SOUTH AFRICAN TOURISM’s Speed Marketing Sessions, the highly successful engine...

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Uganda Borrows Extra Shs 700B

TweetThe Uganda government is borrowing an extra 700 billion Shillings through the issuance of treasury bills and bonds to cater for revenue collection shortfalls by Uganda Revenue Authority...

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Village Mall Awards Winners of Easter Bonanza Promotion

TweetThe Village Mall Bugolobi in partnership with its sponsors has announced the final winners of its inaugural promotion dubbed “Easter Bonanza”. Village mall winners pose for a group photo During a...

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URA In Shs 331B Collection Deficit

TweetUganda Revenue Authority (URA) continues to register an increase in tax collection shortfall for the financial year 2013/14. The shortfall has increased to 331 billion Uganda Shillings in the ten...

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Chinese Confirm More Karuma Dam Funding

TweetJust weeks after Red Pepper had reported that works at the Karuma dam are being affected by limited funding and shortage of skilled workers, Li Ruogu the Chairman and President of Exim Bank of...

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