Category: Business

The government terms the proposals necessary to cover a revenue shortfall expected as it plans to cut down on borrowing.

The development could signal a possible breakthrough in Uganda's efforts to woo Chinese financiers to fund the pipeline, which the country requires to start crude production from oilfields that were discovered in 2006.

<p>The Ministry of Transport and the South Sudan Civil Aviation Authority are in the process of taking over control of South Sudan's territorial airspace from Sudan, the President declared while presiding over the reopening ceremony of the national parliament in the capital Juba.</p>

Last year, the amount of funding raised by start-ups on the continent declined by 31 percent to about $4.5 billion, from the $6.5 billion raised in 2022, which significantly impacted cash flows for budding companies.

At the beginning of the 2023/24 financial year, the EAC Secretariat gave Rwanda, Tanzania and Kenya the greenlight to import tax-free sugar to plug their domestic deficits. But the measure has sharply eaten into Uganda’s regional sugar export market.

Either that or it could only delay a bigger crisis in future.

The Competition Authority of Kenya (CAK), in its latest report for the financial year ending June 2023, said the application is under review.

The government says electricity curtailment — any action meant to reduce the amount of energy generated within a system to balance between demand and supply — will reduce blackouts that occur when the transmission network breaks down due to overloading.

A survey by the East African Business Council (EABC), a lobby for private-sector players in the East African Community (EAC), shows that small businesses in the region are worried that a full take-off of AfCFTA could edge them out of business, unless they change tack.

Uganda has been seeking alternative ways of importing petroleum products, including through a Tanzanian port, after its oil retailers for decades received their cargo through affiliated firms in Kenya.