Business

Help Africa explore its resources, Museveni urges foreign investors

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

Canadian firm hires top deal maker ahead of funding Uganda cobalt

Business
Canada’s M2 Cobalt has appointed a top deal maker of mergers and acquisitions as the company prepares for what could be an aggressive foray...

Indian firm to continue reviewing Umeme’s concession

Business
India’s Tata Consulting Engineers, which is currently assessing whether Umeme Limited has satisfied government’s conditions, is expected to continue with its assignment even though...

Govt, investors ready to sign US$4b Hoima oil refinery agreement

Business
Uganda is set to formally sign the contract for the construction of the US$4 billion oil refinery as early as April 10, 2018, sources...

BOU keeps key lending rate at 9 per cent

Business
Uganda’s central bank-Bank of Uganda has left its key lending rate unchanged at 9.0 per cent, saying that risks to inflation were balanced and...
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