News

The government has provided an explanation for the termination of its contract with Tibet-Hima, a Chinese company that was contracted to revive Kilembe Mines. The termination followed Tibet-Hima’s request to …

Insurance companies in Uganda raised shs933.8 billion in gross written premiums in the first half of 2024, a sector performance report by the Insurance Regulatory Authority(IRA) has indicated. Gross written premium is …

NATIONAL | The Uganda Revenue Authority (URA) is at the centre of a brewing scandal, accused of enabling a Shs231 billion tax evasion scheme involving animal feed concentrate importers. Over …

Increased advertising by companies during September played a role in sustaining strong business output and attracting new clients as the headline Stanbic Bank Purchasing Index (Stanbic PMI) dropped slightly to …

  During a panel discussion held on Tuesday in Pakwach District, URA officials, alongside other key stakeholders, called for urgent action to strengthen anti-smuggling measures and protect legitimate businesses. The …

Mr Zhang Jichang, Vice President of China Petroleum Pipeline Engineering Company (CPP), the contractor undertaking construction of the 1,443-kilometre East African Crude Oil Pipeline (EACOP), paid a courtesy call to …

In a world increasingly focused on sustainability and customer satisfaction, reverse logistics has emerged as a critical element of effective supply chain management. Reverse logistics—focused on returns, recycling, refurbishing, and …

Bulgarian public gas supplier Bulgargaz said on Friday that it has selected UK-based TotalEnergies Gas and Power as the winner in a public tender to deliver 1 million MWh of …

KAMPALA, Oct 2 | Procuremate Magazine – Uganda has formed a state-owned mining company to manage the government’s equity interests in mining operations, its minister for energy and mineral development, …

The Science, Technology, and Innovation Secretariat, in collaboration with Open Start-up Tunisia and FutureLab hosted a 3-day inaugural Uganda Deep Technology Summit. The summit focused on shaping Uganda’s deep tech …

At the conclusion of Climate Summit Conference of Parties (COP) 28 in Dubai, United Arab Emirates, in December 2023, member states committed to rapidly decarbonising their energy systems to keep …

The Uganda Revenue Authority (URA) registered a 13 per cent growth in Value Added Tax (VAT) in the year ended 30 June 2023. This is contained in a report of …

TradeMark Africa (TMA), an organization focused on promoting trade and economic development across African nations, has launched a new initiative aimed at enhancing value addition in Uganda’s agricultural sector. Since …

Joint Medical Store (JMS), in collaboration with the Ministry of Health and the United Nations Population Fund (UNFPA), has unveiled an integrated online ordering system designed for private, non-profit health …

Fuel companies have said the current reduction in pump prices in the country can only be credited to the Uganda National Oil Company’s move to be the sole importer of …

The Global Africa Business Initiative (GABI) flagship event  has wrapped up in New York, successfully concluding a two-day summit held alongside the UN General Assembly. Themed “Unstoppable Africa: Shaping Global …

The Minister of Finance Matia Kasaija has dissolved the board of directors of Uganda Investment Authority (UIA), Chimp Corps report. The Minister earlier this week wrote to the UIA, informing …

Uganda has signed two critical export protocols with China, marking a new chapter in the country’s agricultural trade. The agreements, finalized during the 9th Forum on China-Africa Cooperation held in …

The enforcement of the Electronic Fiscal Receipting and Invoicing Solution (EFRIS) by the Uganda Revenue Authority (URA) has significantly disrupted Uganda’s business environment, with 51% of surveyed enterprises reporting negative …

China Petroleum Pipeline Engineering Co. Ltd, the construction contractor for the East African Crude Oil Pipeline (EACOP) Ltd, has today received a delivery of 9 trucks from the coating plant …

Officials stressed the importance of local content to the oil economy   Kampala, Uganda | Procuremate Magazine |  The National Oil Company-UNOC has commended players in the oil and gas …

Share of Dar’s exports to DRC rises to 4.4 percent as that of Kenya and Uganda reels from trade wars Tanzania is now exporting more of its goods to the …

Manish Kalla, the General Manager at Tembo Steels (U) Ltd Tembo Steels (U) Ltd (TSUL), one of the most diversified and integrated manufacturers of steel products in Uganda and Africa at large, is revolutionizing …

Ramadhan Ggoobi, the permanent secretary in the Ministry of Finance, has called for government and partner support for small and medium enterprises (SMEs) with affordable capital to foster growth. At …

Lawmakers on Parliament’s Agriculture Committee have raised concern over the increased occurrence of aflatoxins in food produced in Uganda, with many admitting to losing residents in their areas to aflatoxins-induced …

Samuel Opio, Vice Chairperson, Parliament’s Health Committee, has raised concern over the discriminatory practices at abattoirs and slaughterhouses that ban the slaughter of pigs on these premises, saying this imposes …

Parliament has learned that the managers of Suuma Construction Company are forcing Ugandans working at the construction of Hoima Stadium to test for HIV, and those found HIV positive have …

National Social Security Fund (NSSF) members will get 11.5% as interest for their savings and this will be credited to their accounts. The development was announced  the Ministry of Finance …

Savers with the National Social Security Fund (NSSF) will share shs2 trillion following the announcement of a 11.5% interest rate  on their savings. The record  shs2 trillion will be paid …

The Appeals Tribunal of the Public Procurement and Disposal of Public Assets Act (PPDA) has cancelled a World Bank-funded procurement bid for 2,000 computers intended for government use, citing non-compliance …

State Minister for Investment, Evelyne Anite, has urged Ugandans to embrace industrialization and value addition in agriculture and mining, calling for a shift away from Uganda’s reliance on imports. Speaking …

Uganda’s fresh fruit and vegetable export sector has raised concerns over increasing threats due to a rise in interceptions at international borders, particularly in the European Union market.. During a …

Kampala, Uganda | Procuremate Magazine | Pay TV firm, MultiChoice Uganda is set to increase its pay TV subscription fees by up to 6%, effective October 1, 2024. The price …

Planes at Entebbe International Airport Uganda Civil Aviation Authority (UCAA) has revealed that Entebbe International Airport facilitated a total of 212,701 international passengers in August 2024. This is an average of 6,861 …

Uganda exported 837,915 60-kilo bags of coffee in August Uganda’s coffee exports in August 2024 amounted to 837,915 60-kilo bags, worth US$ 221.63 million (UShs820bn), Uganda Coffee Development Authority (UCDA) …

Insurance companies have been urged to leverage technology to come up with customized products for customer needs. “If the industry is to grow, there is going to be a need …

Coffee and cocoa exporters have been urged to put in place risk management strategies to protect their business from volatile currency, and commodity prices, and ensure business stability, to achieve …

Uganda’s banking sector is undergoing a transformative shift, driven by rapid technological advancements and innovation. With a growing population, increasing smartphone usage, and a youthful demographic eager for financial inclusion, …

KCB Bank Uganda has announced the launch of an innovative online bid bond application platform designed to revolutionize the way businesses secure bid bonds. This cutting-edge platform allows customers to …

The State House Revenue Intelligence and Strategic Operations Unit is intensifying its operations creating avenues through which to collaborate with the general public. While announcing the new move, President Yoweri …

Africa’s rapidly expanding cold chain market is projected to reach $14.85 billion by 2029, according to data from global market research firm Mordor Intelligence. The continent’s diverse landscape and challenging …

The National Social Security Fund (NSSF) today announced that its earnings increased by 15% from shs2.2 trillion to shs 2.53 trillion for the financial year ended June 30, 2024. NSSF …

The Ruparelia Group through its real estate arm, Meera Investments, has unveiled a groundbreaking project set to transform Kampala’s skyline and redefine urban living, the Pearl Business Park spearheaded by city tycoon …

URA Commissioner General John Musinguzi Uganda Revenue Authority (URA) has announced a surplus in revenue collections for the month of August 2024, exceeding its target. The net revenue collection for …

DSV says says it has signed an agreement to acquire Schenker from Deutsche Bahn in a transaction worth EUR 14.3 billion at enterprise value (approximately DKK 107 billion). The reach …

By Jason Crawford, Regional Manager, New Southern Energy Kenya Global demand for renewable energy sources including solar, biogas and other green energy sources is expected to rise, as the world adapts to …

URA Commissioner General, John Rujoki Musinguzi Uganda Revenue Authority has introduced a new tax compliance system that will help taxpayers maintain compliance and avoid adverse consequences. The domestic taxes compliance …

Landlocked to linked: Rwanda’s bid to connect central Africa. Be it the fish from Lake Tanganyika of Burundi or minerals crossing via the Bukavu border of DRC or the fresh-cut …

It’s a late Friday night, dark and lonely. You pace around, soliciting a cash bailout from your friends and anyone else, hoping to buy Yaka units, but all in vain. …

As more Ugandans embrace the use of the internet to accomplish different tasks in life, business, and education, network experts are urging businesses to adopt fiber optic technology for their …