4 OCLOCK BUSINESS NEWS WITH Orange Finance minister Maria Kiwanuka has regretted that young innovators have been left to fend for themselves many times lacking the opportunity to interface with venture capitalists and possible financiers for their brilliant ideas. ……………………………………….. President Yoweri Museveni will today launch the proposed fruit-processing factory in the Eastern region, which Government expects to boost employment figures and also create a viable market for the fruits, especially mangoes and oranges of Teso farmers. The factory will be development under a public-private-partnership. Government will own 40%, South Korea 20% and the people of Teso 40%. ……………………………………………….. Uganda oil industry has entered the most crucial and most lucrative phase, energy ministry officials have said. This phase involves preparation of the oil fields for production and establishment of the necessary infrastructure for production to commence. It is during the development phase that manpower requirements are at their peak. Production is expected to start 2018. ………………………………………. INTERNATIONAL BUSINESS India and China have signed 12 agreements in Delhi, one of which will see China investing $20bn (£12.2bn) in Indias infrastructure over five years. At a news conference with Chinese President Xi Jinping, Indias PM Narendra Modi said peace on the border was important for progress. FOREX RATES BUYING SELLING USD 2610 2620 GBD 4190 4240 EURO 3350 3410 KSHS. 29.2 29.6 Forex Rates brought to you by City Bureau de Change located at Jumbo Plaze, Shop Number 4 on Parliament Avenue and Pioneer Mall, shop 4, City Bureau De Change also offerS FOREX EXHANGE Telegraphic Transfers, WESTERN UNION, MONEY GRAM AND CROSS CURRENCY OPTIONS. The Business news on 97fm Radiocity is brought to you by Orange Orange is the number one internet provider, giving you the most affordable internet bundles on the market, so you can use the internet as much you want. Simply dial *133# to buy a data bundle for your phone or modem. Internet changes with Orange. Today changes with Orange.
Posted on: Thu, 18 Sep 2014 13:10:57 +0000