Author: felix@elixnews.co.ug

By Our Writer Uganda has emerged as the top destination for Foreign Direct Investments (FDI) in the East Africa Community. According to 2024 World Investment Report by United Nations Trade and Development (UNCTAD), Uganda’s foreign investments in 2023 were estimated at Ksh370 billion while Kenya attracted investments estimated at Ksh193 billion. UNCTAD attributed Uganda’s success to ease of setting up businesses. In particular, Uganda was reported to be among the few countries that have adopted the digital single window model that makes it easy for businesses to register, get clearances and pay taxes. Kenya has a similar technology,…

By Our Writer Under the slogan M7 My Brand thousands of Nrm supporters will celebrate General Yoweri Museveni Legacy achievements on 5th July in Kololo Independence ground. Led by Uganda Surgeon cum politician Kololo Ceremonial Ground in Kampala will be the epicenter of a grand celebration aimed at honoring the legacy and achievements of President Yoweri Museveni spanning from politics, health and social economic fronts. Addressing journalists in Kampala National Resistance Movement (NRM) Director Mobilization Hon. Rosemary Sseninde said good Work Is worth celebrating. She says the event will attract a diverse array of attendees, including politicians, business leaders,…

By Our Writer Amidst numerous scandals, Office of the Attorney General has rejected the recent appointment of Eng James Kasigwa as the new Executive Director of the Uganda National Bureau of Standards (UNBS) saying appointment was illegal as he didn’t meet the required standards. Eng Kasigwa was appointed as UNBS Boss by the Minister of Trade, Industry, and Cooperatives, Francis Mwebesa with his term coming into full force effective May 13, 2024. His appointment saw him replace Dr. David Livingstone Ebiru, who had served as standards head from May 2021 to July 2023 before getting sacked last year over…

By Our Writer Rwanda Peoples Front the ruling party led by Paul Kagame has launched political campaign ahead of next month’s presidential and legislative elections. Three presidential candidates are in the race including incumbent President Paul Kagame of the ruling Rwanda Patriotic Front (RPF), Frank Habineza of the opposition Democratic Green Party of Rwanda and Philippe Mpayimana, an independent candidate. Kagame, who has been in power since 2000, launched his campaign in Musanze district, northern Province, where he told a huge rally that the RPF politics is about ensuring the development of all Rwandans without leaving anyone behind. “Democracy…

Hospitality tycoon Sudhir Ruparelia has unveiled the long-awaited Paradise Island Resort located on Lake Victoria in the market place. Known for his great marketing skills, Sudhir has enticed business friends to visit the new facility to enjoy the cool breeze over the lake. The resort boosts of 10 Standard cottages, 11 standard cliff hunger cottages, 14 units of Deluxe cottages (2BHK) and 3 beautifully appointed Executive Villas which will enable guests experience the wonder of Lake Victoria and the ambiance of the island. Paradise Island Resort sits on 19 acres of land and is surrounded by another rocky island,…

Amidst hard economic times, Bank of Uganda has closed Mercantile Credit Bank Limited (MCB), a tier II financial institution, due to poor financial standing officials have confirmed. In January, BOU closed EFC Uganda Limited, a microfinance company, due to similar reasons. BOU’s put Merchantile under liquidation revoked its license and ordered the winding up of its affairs, immediately. “The continuation of Mercantile Credit Bank Limited’s activities is detrimental to the interests of its depositors due to the institution’s failure to resolve its significant undercapitalization, poor corporate governance, and insolvency,” Michael Atingi-Ego, Deputy Governor of the Bank of Uganda said.…

In the 2024/2025 budget speech, Minister of Finance, Planning, and Economic Development, Hon. Matia Kasaija, severally underscored the critical role of agriculture in driving Uganda’s economic transformation. The Agricultural Sector continues to be the mainstay of Uganda’s economic growth; employing approximately 70% of the population, and contributed 23.8% of the national GDP in the Financial Year 2022/2023. The budget theme, “Full Monetisation of Uganda’s Economy through Commercial Agriculture, Industrialisation, Expanding and Broadening Services, Digital Transformation and Market Access,” emphasizes the need to prioritise investment in the agriculture sector for the country to achieve her ambitious development goals. Achieving progressive…

Beer Manufacturer, Nile Breweries Ltd has commended government for increasing agriculture budget for the financial year 2024/2025 budget. Nile Breweries Ltd Head of Legal and Corporate Affairs Emma Njuki says the boost will enhance agriculture production since agriculture is the biggest employer of Ugandans. ” We wish to commend government for increasing agriculture budget in the financial year 2024 /2025 budget. Agriculture is the back of Uganda’s economy and government has invested in the real sector that employs vast majority of Ugandans therefore we expect increased food production in the country,” Njuki said. According to the new budget that…

By Felix Oketcho Transforming a simple story, personal experience or event into a captivating TV drama or theatre production requires a special skillset. Acclaimed actor, writer, director, and teacher Kwezi Kaganda Ruhinda joins Flavia Tumusiime on MultiChoice’s Home of Our Stars to divulge the creative process behind crafting unforgettable characters and bringing them to life on stage and on screen. In 1989, the arts industry was still in its infancy, and passion, not profit, drove its pioneers. Kwezi Kaganda Ruhinda was among the first to join the Ebonies and Drama Wing, where he honed his craft in both acting…

South Africa’s former President, Jacob Zuma has said his political party – uMkhonto weSizwe (MK) – will join the opposition alliance in parliament. He said it would co-ordinate resistance to the governing coalition led by the African National Congress (ANC). Despite this, MK said it maintained that last month’s elections were rigged and wanted the results annulled. Mr Zuma’s speech on Sunday was read by MK spokesperson Nhlamulo Ndhlela who said the ANC was no longer part of the solution. Mr Zuma said there was no government of national unity in South Africa and described the partnership as a…