# Tags

Prospects Rise for Karamoja with $300 Million Cement Factory Construction: Job Opportunities and Economic Growth on the Horizon

The construction of a Shs 1.1 trillion cement and clinker factory in Moroto, led by West International Holding Limited, offers hope to the Karamoja region. Set to employ over 2,000 people, with a focus on local employment, the factory aims to produce 6,000 to 7,000 tonnes per day, reducing the need for imported raw materials.

Sh1.4 trillion injected in UDB by Government.

The government, through the Uganda Development Bank Ltd (UDB), has invested sh1.4 trillion in initiatives like the Parish Development Model and Emyooga to accelerate socio-economic development. The Uganda Development Corporation (UDC) aims to support the private sector, especially in industries like cotton, fruit processing, tea, sugar, and coffee.

Resumption of Second Phase- ATMIS Troop Drawdown in Somalia

The African Union Transition Mission in Somalia (ATMIS) has announced the recommencement of the second phase of troop withdrawal from Somalia in line with UN Security Council Resolution 2710 (2023). Initially paused upon the Federal Government of Somalia’s request, the withdrawal involves 3,000 troops and the transfer of control for eight Forward Operating Bases by December 2023.

Uganda’s Hosting of Commonwealth Conference- A Gateway to Global Opportunities

Uganda’s upcoming hosting of the Commonwealth Conference of Speakers and Presiding Officers (CSPOC) presents a golden opportunity for the nation. Scheduled for January 3-6, 2024, the event offers Uganda a chance to showcase its commitment to democracy, engage in diplomatic dialogue, attract investments, boost tourism, and strengthen global partnerships.

MTN Uganda’s Pivotal Role in Uganda’s Oil and Gas Sector: A Commitment to Technological Excellence and Sustainable Development

MTN Uganda reaffirms its commitment to being a long-term partner for the oil and gas sector, aligning with its ambitious 2025 vision to lead digital solutions in Africa. Following sponsorship of the 8th International Oil & Gas Conference, CEO Sylvia Mulinge emphasizes the company’s role in shaping Uganda’s oil and gas future.

Uganda and Qatar Strengthen Trade Ties at Inaugural Summit

The 1st Uganda Trade, Tourism, and Investment Summit in Doha marked a significant step in bolstering economic ties between Uganda and Qatar. Organized by the Uganda Export Promotions Board, the event drew government officials and private sector representatives from both nations. Key speakers highlighted the importance of international engagements, with a focus on enhancing competitiveness to unlock trade and investment opportunities. The summit showcased Uganda’s economic profile and growth trajectory, emphasizing its appeal as an investment destination.