Embrace Culture in Development - Nabagereka

Government should design development plans from a cultural point of view, Buganda Queen Sylivia Nagginda said yesterday. She was  presenting a paper in Kampala titled, Culture and Development in the ongoing Organisation of Islamic Conference Business Forum.
Culture moulds and nurtures an individual’s personality, which in the long run fosters development and people who work together […]

Car Spares in Uganda: Chinese Factory to be Constructed

A factory worth more than $3 million headed by a Chinese auto firm, the Union International Automobile Parts will supply brand new spare  parts to Ugandans who have always had to get them from United Arab Emirates and Japan.The company trading under the OITA brand had already invested about Shs640 million to stock their first […]

Shilling continues to Strengthen Against Dollar

The shilling is expected to hold on its gains against the dollar in the coming weeks as interest rates continue to rise.
Experts predict that this trend may go on until the end of June when the financial year ends.
The shilling rose against the dollar during the week closing 1568/73 from the 1580/1590 at the opening […]

Air Uganda Starts Flights to Zanzibar

The most recent Airline, Air Uganda has started its direct flights from Entebbe to Zanzibar. Originally, passengers boarding from Entebbe had to first go through Dar-es-Salaam before proceeding to the islands.
The Commercial Director Vittorio Scabbia said that travel agents have seen a dramatic increase in passenger traffic to Zanzibar, but the problem was about is […]

Kerosene and Diesel to Be Produced in Uganda

With the construction of the long awaited refinery in Hoima, Uganda is expected to start producing 400 barrels of diesel and Kerosene every single day to cater for the local demand.
Next year, Kerosene and Diesel will be produced in Uganda. We shall start with heavy oil and if the flow is good then we shall […]

Windsor Hotel Changes Name to Libyan Hotel

The hotel, which was initially identified as Lake Victoria Hotel, was handed to the Windsor Group led by business mogul, Habib Kagimu. This was allocation of the privatisation course of action of several hotels that previously belonged to Uganda Hotels, a parastatal.
Libya is becoming a key investor in the country furthermore Kagimu handles scores […]

No Exporting Crude Uganda Oil, Says Museveni

President Yoweri Museveni of Uganda has said that the crude oil from Uganda will not be exported. This was during his key address speech at the OIC Business Forum meeting at Imperial Royale Hotel Entebbe.

Uganda is expected to start the drilling of oil by next year. The rise of oil prices and food […]