Business

Electricity: Bujagali loan repayment period pushed to 2032

The government has started the process of modifying Bujagali Energy Limited’s license for the Bujagali 250MW hydropower dam after it agreed with the lenders...

Debts force Black Mountain Resources to exit Namekara vermiculite mines

Australian company Black Mountain Resources has decided to sell its license for the Namekara vermiculite mine in exchange for a debt relief of about...

Oil companies race to issue tenders ahead of final investment decision

There was a race to be on the National Supplier Database by March 31 as the upstream oil companies started calling for bids ahead...

Cement makers blame UMEME, URA for higher prices

Local cement manufacturers have blamed the increase of prices of the building material on the UMEME power outages and the Uganda Revenue Authority (URA). The...

Help Africa explore its resources, Museveni urges foreign investors

President Yoweri Museveni has implored foreign investors to help Africa explore its vast resources potential, saying the continent presented immense business opportunities. "There is...

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