NEWS

President Yoweri Museveni has encouraged the Lohana Community in Uganda to take advantage of various investment opportunities in Uganda and start doing business. President Museveni made the remarks while addressing over 800 delegates who had been attending the Lohana International Business Forum at Speke Resort, Munyonyo in Kampala. The President outlined a number of raw materials mainly of agro products and mining which need value addition and this can be achieved by setting up industries in Uganda. He said that by establishing factories in Uganda to add value on produced raw materials, they will create employment opportunities for the youth in Uganda and also broaden the tax base. The Lohana International Business Forum 2023 was held under the theme “Africa calling” and was attended by 8...

Absa Bank Uganda and Enterprise Uganda signed a Memorandum of Understanding today that will see the two organisations partner to offer Micro, Small and Medium-size Enterprises (MSMEs) business development services and upskilling in financial literacy in 9 districts across Uganda. Beginning on 3 April 2023, the partnership will see over 1,000 MSMEs from Jinja; Mbale; Lira; Arua; Hoima; Fort Portal; Mbarara; Masaka and Kampala empowered to boost their entrepreneurship awareness, business growth and sustainability. Albert Byaruhanga, Absa Bank Uganda’s Business Banking Director, said, “We know that businesses face many challenges when it comes to streamlining their business operations to remain profitable in the long term. This partnership is one of the many ways that we are stepping up to be...