ugandan_diaspora_social_networking_event
Business

Acumen Fund Co-Invests $2.2 Million in Ugandan Cotton Ginnery

BY JENARA NERENBERG | The non-profit social venture assists the Gulu Agricultural Development Company, and aims to “provide more than just capital” as region hopes to recover from years of civil war. The New York-ba...


Ugandan Coffee Shipments May Decline by 8.8% in January

By Fred Ojambo | Coffee exports from Uganda, Africa’s biggest producer of the robusta variety, may fall 8.8 percent this month because of low stocks held by traders, the Uganda Coffee Development Authority said. Shipments may...



Uganda gets $350 Million Chinese loan for airport road

KAMPALA | China is providing a $350 million concessionary loan to build a multi-lane toll road linking Uganda’s capital with the country’s Entebbe airport, 54 km away, Ugandan officials said on Thursday. The east Af...



Uganda’s First Iron Ore Smelter to start commercial production 2011

By Nicholas Bariyo | KAMPALA Uganda -(Dow Jones)- Alam Group of Companies is constructing an iron ore Smelter in Uganda’s Jinja district which is expected to start production in October, company officials said Friday. Acc...


EASTERN UGANDA: Rubbish Recycling revives Mbale region

MBALE, (IRIN) | A compost-processing plant in Mbale, along the hilly slopes of the Mt. Elgon region in Uganda, is helping to boost declining crop yields through organic farming and aiding environmental conservation by cutting b...



Tullow Plans to Begin Oil Production in Uganda Amid `Challenges’

Tullow Oil Plc will start oil production in Uganda in 2012 and not this year because plans to meet the earlier target are “quite challenging,” said Brian Glover, the company’s manager in the East African country. Glover d...



Uganda shilling rangebound versus the dollar

The Ugandan shilling recouped early losses on Wednesday to trade rangebound against the dollar with interbank demand for the dollar pressing the local currency. At 0800 GMT commercial banks quoted the local currency at 2,320/2,...


Uganda Plans Public-Private Partnership Oil Refinery – President

KAMPALA, Uganda (Dow Jones) | The Ugandan government is planning to develop an oil refinery on a public-private partnership basis when oil production commences in the next couple of years, the Ugandan president said late Saturd...



Uganda’s Inflation Rate Rises to 3.1% in December as Food Costs Increase

Uganda’s annual inflation rate rose to 3.1 percent in December as prices of some food items increased, the country’s statistics agency said. Inflation accelerated from 1.4 percent in November, the Uganda Bureau of Statistic...





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