Uganda National Budget 2020/2021: Key Investment Takeaways

The Minister of Finance, Planning and Economic Development, Hon. Matia Kasaija, today (Thursday) presented the 2020/2021 National Budget under the theme ‘Stimulating the Economy to Safeguard Livelihoods, Jobs, Businesses and Industrial Recovery’. Breakdown Total Budget UGX45 trillion; Works and Transport (UGX5.8 trillion (13%); Security UGX4.5 trillion (10%); Interest Payment UGX 4 trillion (9%); Education UGX3.6…

COVID-19: UIA holds e-Conference on status of investment on NTV Uganda

Uganda Investment Authority (UIA) will on Sunday, June 14, 2020, hold an e-Conference on the theme “The Status of Investment during the COVID-19 Pandemic”. The e-Conference will air LIVE on NTV Uganda starting at 5:00 PM. The conference will explore the intersectionality between COVID-19 and Investment in Uganda, including challenges, mitigating measures and opportunities. The…

The changing face of Kampala Industrial and Business Park, Namanve

The Uganda Investment Authority (UIA), the primary Investment Promotion Agency of the Government of Uganda, was tasked, under National Development Plan II (2015/16 – 2019/20), to develop 27 (twenty seven) Industrial Parks and four (4) Regional Science, Technology and Industrial Parks (STIPs). One of the objectives of developing production zones is to provide well-designed serviced…

President Museveni to Ugandans: Borrow from Uganda Development Bank for import substitution

President Yoweri Museveni has told Ugandans to borrow from Uganda Development Fund (UDB) and invest in import substitution projects. The President said the government recapitalized UDB to the tune of one trillion Ugandan shillings, with more funding expected to come from the World Bank and International Monetary Fund, emphasizing that Ugandans should borrow from the…

Uganda starts exporting mobile phones

The State Minister for Investment and Privatization, Evelyne Anite, has today flagged off a consignment of 18,000 pieces of Made-in-Uganda mobile phones being exported to the North African country of Morocco. The mobile phones, both smartphones and feature phones, are manufactured by Engo Holdings Group Limited, trading as Simi Mobile Uganda. It is an ICT…