3PM BUSINESS NEWS WITH CONSOLATE NAMYALO PROUDLY BROUGHT TO YOU BY STANBIC BANK: Members of Parliament and defenders of workers rights have scrutinised President Musevenis promise to look into the issue of establishment of a minimum wage for Ugandas labour force.The MPs claim that the said dialogue by the President with workers leaders and representatives is likely to be compromised by party politics. State Minister for fisheries, Ruth Nankabirwa has confirmed that Government will today launch the Bean and Maize (DSIP) platform at Speak Resort Munyoyo. Nankabirwa said that Maize and Beans have been singled out from the others because they are a major food security crops and have increasingly become important non-traditional export crops. The Court of Appeal has started a fresh hearing of the sh680m dispute between Roko Construction Company and the proprietor of the Hilton Kampala Hotel, Mohammed Hamid. A new report by audit and consultancy group Ernst & Young indicates that East Africa is poised to lead the rest of Africa in developing infrastructure for the nascent oil and gas industry. It indicates East Africa stands out because of massive size of oil reserves in war-ravaged South Sudan and west-neighbouring Uganda, 40 trillion cubic feet upwards of gas in Tanzania among others. ELSEWHERE: The worlds largest beverage-maker, Coca-Cola, plans to remove a controversial ingredient from some of its drinks brands by the end of this year, following an online petition. TECHNOLOGY: Online retailer Amazon has announced a partnership with Twitter that allows users to add products to their shopping carts by tweeting a special hashtag.The move comes as firms are looking at ways to use social media platforms as tools to attract customers. FOREX RATES: Currency Buying Selling USD 2,520 - 2,530 GBP 4,242 - 4,259 EUR 3,486 - 3,499 KSH 28.9 - 29.02 TSH 1.52 - 1.53
Posted on: Tue, 06 May 2014 12:12:02 +0000