Investment expo eyes Ugandans in UK

As part of increasing efforts to tap investments from abroad, real estate developers, service providers and financial institutions, are expected to dominate Uganda’s international exhibition in the United Kingdom next month.

Uganda Expo 2008, the first of its kind, is being organised by Uganda Opportunity Network (UGoNET) Ltd in collaboration with the Uganda High Commission to UK and will take place from November 28 to 29 at Newham Leisure Centre 281 Prince Regent Lane London. President Yoweri Museveni is expected to open the expo which is expected to attract about 1,000 participants.

Nationwide Properties Ltd, Stanbic Bank and Uganda Telecom (UTL) are some of the organisations that have confirmed their participation. Uganda will now join other African countries that are already holding annual expos.

Heritage finds new large oil well

UGANDA’S oil and gas deposits are moving closer to commercial threshold after another large oil well was discovered in the Albertine Graben region.

Heritage Oil, the firm exploring oil and gas in western Uganda, on Tuesday announced another discovery of oil and gas in its Warthog-1 exploration oil well.

“The well encountered a gross hydrocarbon-bearing interval of approximately 150 metres in thickness, with net hydrocarbon pay of 46 metres,” the firm said in a statement.

Heritage finds new large oil well

UGANDA’S oil and gas deposits are moving closer to commercial threshold after another large oil well was discovered in the Albertine Graben region.

Heritage Oil, the firm exploring oil and gas in western Uganda, on Tuesday announced another discovery of oil and gas in its Warthog-1 exploration oil well.

“The well encountered a gross hydrocarbon-bearing interval of approximately 150 metres in thickness, with net hydrocarbon pay of 46 metres,” the firm said in a statement.

Uganda should take advantage of expanded regional trading bloc

Meetings taking place in Kampala over the next few days have the potential of transforming Africa from an exporter of raw materials and an importer of manufactured goods and expensive services into a continent with a self-sufficient industrial base that also exports its surplus manufactured goods to the rest of the world.

The meetings bring together 23 states from three trading blocs—the East African Community (EAC), the Common Market for East and Southern Africa (Comesa) and the Southern Africa Development Community (SADC) – under the mandate of the African Union (AU) as the first step towards taking integration beyond the existing regional economic communities.

Link to News Article

500 to attend honey trade exposition in Uganda

Uganda is to host the first honey trade show in Africa, the trade state minister has said.

Gagawala Wambuzi told journalists at the Media Centre in Kampala on Friday that the exposition would bring together over 500 delegates involved in bee products and technologies, researchers, exporters and importers and policy makers.

The event will take place at Hotel Africana from October 22 to 25.

The fair, Gagawala said, would create networks among cross-border actors, disseminate market information within the region, as well as stimulate linkage between producers, the private sector and service providers.

Delegates from Uganda, Kenya, Ethiopia, Tanzania, Rwanda and Zimbabwe are expected to attend the honey fair.

Link to News Article

Uganda takes tough stance on countries reluctant to ban cluster munitions

The Conference on Cluster bombs ended in Kampala last week with representatives of 42 African governments adopting a resolution denouncing the use and manufacture of cluster bombs across the world.

All the countries signed a resolution, named the Kampala Action Plan, in which they agreed, among other things, to ensure that, “prior to the Oslo Signing Conference, all African states should publicly declare their intention to sign the Convention…

Link to News Article

UMA trade fair to kick off on October 6

This year’s Uganda International Trade Fair (UGIF) will take place from October 6 to 13, Uganda Manufacturers Association (UMA) officials have confirmed.

Preparations for the 16th annual fair, is already in top gear as exhibitors set up their stalls at the UMA show grounds. Addressing a press conference at UMA show grounds on Wednesday, UMA Chairman, James Kalibala, said the fair will stimulate and foster trade and investment opportunities among foreign and local business people.

Link to News Article