Traders are concerned over the growing storage bills due to cargo stuck at different entry ports, according to Uganda Cargo Consolidators Association. Speaking in an
Category: Business
Court summons 3 firms over Tullow oil tax case
The Commercial Court has summoned three United Kingdom- based law firms who were the masterminds of the deal in which Tullow Oil plc avoided paying
Uganda set to start exporting Tech like smartphones
Uganda is set to export its first batch of locally made mobile phones to Morocco, the management of the manufacturing firm SIMI Mobile Uganda have
South African arms maker cannot pay salaries
The financially troubled state-owned South African defence manufacturer Denel has warned that it cannot pay salaries to its staff this month. However there could be
MTN mobile wants ‘Taliban’ court case dropped
Africa’s largest mobile operator MTN has asked a court in the US to dismiss a case which accuses the company of breaking anti-terrorist legislation in
Government to decide cargo drivers’ fate
The fate of truck drivers bringing cargo into the country will be decided today (Friday) after the Ministry of Works and Transport meets stakeholders.Gen Katumba
Tullow Oil sells its assets in Uganda to Total
Tullow Oil has agreed to sell its assets in Uganda to the French energy giant Total for $575m (£465m). The sale of Tullow’s stake in
Government suspends importation of second-hand shoes, clothes
Uganda National Bureau of Standards (UNBS) has suspended the importation of second hand clothes into the country for an unspecified period of time. “Following the
Africa ‘could lose $37bn in remittances’
Global remittances are forecast to decline by about 20% this year as the economic crisis caused by the coronavirus pandemic shuts down business activity, the
BoU directs banks to offer year-long loan repayment holidays
The Central Bank has directed commercial banks and other financial institutions to extend loan repayment holidays up to one year for borrowers affected by the