Archive for the ‘Business’ section
Traders cry foul at fluctuating dollar-based rents
Property owners are taking advantage of the battered shilling to charge exorbitant rental fees By Sam Simba Ntale On average Jimmy Mugira, a designer operating in Printers’ Arcade along Nasser Road has been paying $1,025 monthly for the two roomed (5sq meters) premise on the second floor. “The previous quarter of May, June and July, [...]
Iranian Agricultural suppliers impress at trade fair
With state of the art agricultural inputs, this firm is here to revolutionize the sector in Uganda. Better food storage facilities are key to halting the skyhigh food prices that affect African countries when production dips, whether because of harsh climate conditions or crop failure. In a few years, Uganda will have less storage problems [...]
Local Government’s bicycles arrive
Permanent secretary vows to recover money from this deal, which has been clouded in controversy. By Savio Kyambadde A few weeks after parliament’s investigation into the failed supply of 70,000 bicycles, the first batch of 1,200 bicycles has finally arrived in the country. The bicycles were delivered by Four Ways Group and shown to officials [...]
What is happening with Rift Valley Railways?
News coming in from the company entrusted with running Uganda’s railway sector is not pleasant and workers have called upon government to repossess Uganda Railways. Something seems to be going terribly wrong within the railway transport sector, which is currently managed by Rift Valley Railways (RVR). RVR, which is controlled by private equity firm Citadel [...]
Learning entrepreneurship from the pros
Young entrepreneurs who are lucky enough to qualify for this yearly programme will find themselves a new friend-an established successful entrepreneur only a phone call away. The Mara Entrepreneurship Program involves the pairing of young entrepreneurs with ‘mentors’ who can give them the guidance they need to take their business to the next level. This [...]
Money on the line
Joel Otabong, a 42-year old technician in a railways firm in Sweden supports over a dozen dependants, many of whom have been orphaned by a vicious insurgency that has wrecked northern Uganda over the past 22 years. “Every month I remit an average of $2,000 to my relatives for mainly education to my cousins and [...]
Africa produce less of global emissions but suffers most
Immaculate Amayo, a 34-year old mother of six, is among the thousands dreading a return to an Internally Displaced Persons (IDP) camp in Katakwi District. But she has no choice after recent rains flooded her village and destroyed her livelihood. The crops – mostly cassava, sweet potatoes and ground nuts – are rotting after heavy [...]
Traders cry foul at fluctuating dollar-based rents
Property owners are taking advantage of the battered shilling to charge exorbitant rental fees On average Jimmy Mugira, a designer operating in Printers’ Arcade along Nasser Road has been paying $1,025 monthly for the two roomed (5sq meters) premise on the second floor. “The previous quarter of May, June and July, I paid $1,054 per [...]
The ferry launch that never was
Pollution in Lake Victoria stalls intro of ferry project. Due to neglect and mismanagement, the ferry system serving Lake Victoria out-rivals supernatural myth as the stuff of legends. The collapse of railroads and ferries preceded that of the East African economies that depended on them. Sadly, the increased and disorganized road traffic makes transportation all [...]
The inside story of the Katatumba-SHUMUK saga
What started as a well-intended deal between two city businessmen has left one of them bruised and on the verge of losing all the assets that he acquired over decades of toiling. This tale, which started in the second half of 2008, saw Dr. Boney Katatumba enter into a deal to sell his prime property, [...]
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