Business

As referred to by retail traders, Forex or FX is a short form for foreign exchange where they transact one currency from one country to another: Example, an AUD for a Euro or an AUD for a USD. Anyone who has traveled to another country and exchanged their currency for a local one has engaged in forex. However, the forex ...

Ugandan entrepreneurs together with those from DR Congo and beyond will convene in Kinshasa for a major business summit. The Uganda-DRC Business Forum, now in its second edition, will be held starting 22-25 March at Fleuva Congo Hotel. About 150 participants are expected to turn up for the Forum. They will include business people from Uganda and their DRC counterparts. ...

Forum for Democratic Change, FDC, has advised government to exempt Taxes on some basic commodities. Ibrahim Ssemujju Nganda, the FDC spokesperson, accused President Museveni of telling lies that the Russian invasion of Ukraine is responsible for the escalating prices of essential commodities in the country. He said this is not the case. “The truth of the matter is that prices ...

President Museveni has indicated to Turkish investors that his country Ugandan has great potential in mineral exploration and development. He added saying that the only thing needed now is investors they can partner with to refine and add value for export. “We are very interested in mineral development. On the gold, we have our own but also because of the ...

The Federation for Small and Medium Enterprises (FSMEs) together with the Uganda Investment Authority (UIA) have signed a memorandum of understanding. This is to enable them jointly create a favourable environment for SMEs. This MoU will result in the creation of 5,000 jobs for Ugandan youth. Dr Paul Kyalimpa, the Deputy Director-General UIA spoke at the signing ceremony on Monday, ...