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Business briefs

By Vision Reporter

Added 1st November 2005 03:00 AM

Traders hail
ARUA – The West Nile business community has commended the rapid upgrading of the sh31b 45km Karuma-Olwiyo stretch by Solel Boneh International, saying it would intensify business in the region and with DR Congo and southern Sudan.

Traders hail
ARUA – The West Nile business community has commended the rapid upgrading of the sh31b 45km Karuma-Olwiyo stretch by Solel Boneh International, saying it would intensify business in the region and with DR Congo and southern Sudan.

Traders hail
ARUA – The West Nile business community has commended the rapid upgrading of the sh31b 45km Karuma-Olwiyo stretch by Solel Boneh International, saying it would intensify business in the region and with DR Congo and southern Sudan. Robert Atibuni, a trader, said, “If this road is completed soon enough, we can buy goods in bulk because peace has been established in those areas. That will boost our income.”

Jubilations on
KAMPALA – Uganda Finance Trust (UFT) will hold nationwide celebrations after getting a deposit-taking licence from Bank of Uganda. Harriet Mulyanti UFT’s deputy chief executive officer said the celebrations would be in 21 districts where UFT has branches. She said they had introduced new savings accounts and loan schemes.

UNDP advises
KAMPALA – The Government should address policies that affect business or else it may be unable to reduce the number of people living in abject poverty by 2015, the United Nations Development Programme (UNDP) country representative, Cornelis Klein, has said. This was in a speech read by his assistant, Wilson Kwamya at Sheraton Hotel.

New discovery
WAKISO – Lemon grass, formerly a rural-based herbal grass used to spice tea, is a potential export. Lemon grass is among the three new crops the Vice- President, Prof Gilbert Bukenya, is experimenting. He said at his home in Kakiri that lemon oil is highly-demanded in Europe and America.

UIA decries
KAMPALA – Poor government policies have hampered attraction of investors in the five sectors that were identified by the European Union, Uganda Investment Authority’s (UIA) investment executive Dr Jolly Murungi said in a paper.

Migereko woos
GERMANY – Trade Minister Daudi Migereko has urged Germans to undertake new investments in East Africa. “You should take advantage of the East African Community market of 100 million clients,” he said in a key note address.

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