Business

Kampala, Uganda | THE INDEPENDENT | Roke Telkom, a home-grown telecommunications and cloud solutions provider has today announced its partnership with the Black Pirates Rugby Club with over Ushs. 450 million Uganda shillings sponsorship for the Club, ahead of the upcoming Rugby season. This sponsorship aims to promote the growth …

KAMPALA, UGANDA | THE INDEPENDENT | The Bank of Uganda has reduced the frequency of the review of the Central Bank Rate, to allow for more comprehensive economic analysis and enhanced forecasting accuracy. This, the Bank says, will in turn enable the management to “build upon our established track record of …

Owners or importers will be required to pay a total of 714,300 shillings for the digital registration plate, while replacing an old plate with a new one costs 150,000.  Kampala, Uganda | THE INDEPENDENT | Monday, January 6, marked the rollout of the third phase of the Motor Vehicle Digital …

WASHINGTON | Xinhua | U.S. President Joe Biden on Friday blocked Japan’s Nippon Steel’s proposed acquisition of U.S. Steel, citing national security concerns — a decision that economists say could hurt American steelworkers and the U.S. economy. In response, Japan’s Minister of Economy, Trade, and Industry Yoji Muto described the …

NAIROBI, KENYA | Xinhua | It was just past midday when Richard Muthie stood at the gate of the Mutira Farmers’ Cooperative Society coffee factory, ready to deliver his harvest. Along with the 50-year-old farmer were 30 kg of ripe, red coffee berries freshly picked by him earlier that morning. …

Kampala, Uganda | THE INDEPENDENT |  Electricity consumers in Uganda will pay an average 5.2 percent less on electricity over the next three months, following a revised tariff schedule by the Electricity Regulatory Authority (ERA). The review was made possible by the ease in the parameters that determine the cost …

Kampala, Uganda | THE INDEPENDENT | Traders at Arua Bus Park in Kampala are counting losses after fire gutted Nyumba Kubwa plaza on Thursday. The fire left the whole of the second floor burnt. Arnold Muwanguzi said all their shop filled with building paint were reduced to ashes. Godfrey Katongole, …

Kampala, Uganda | THE INDEPENDENT | The country’s inflationary landscape has seen a mixture of modest improvements and persistent challenges. According to the Uganda Bureau of Statistics (UBOS), the Annual Average Headline Inflation for 2024 was registered at 3.3 percent, a significant improvement from the 5.4% recorded in 2023. The drop …

Kampala, Uganda | RONALD MUSOKE | Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), was recently honored with the “African of the Decade” award at the 2024 Africa Investment Forum in Rabat, Morocco. The prestigious award, presented by Rakesh Wahi, Chairman of the ABN Group, recognizes individuals who have …

Kampala, Uganda | THE INDEPENDENT | The Executive Directors of the Uganda Coffee Development Authority (UCDA) and the National Agriculture Advisory Services (NAADS) will start New Year by handing over offices and government property. Also affected by the Parliament’s decision to repeal the various acts that established agencies, is the …