Business

Kampala, Uganda | THE INDEPENDENT |  Uganda Development Bank has announced a Shs150 billion financial commitment earmarked to provide affordable and patient financing to Ugandan contractors, executives said on Oct.2. Dubbed the Ugandan Contractors Financing Initiative, the financing complemented by Business Advisory and Project Management advice services will support Ugandan …

Gulu, Uganda | THE INDEPENDENT | Illegal charcoal trade has continued to boom in Northern Uganda with the support of boda boda cyclists. In May, President Museveni issued Executive Order Number 3 of 2023, banning charcoal trade in Northern and Eastern Uganda, to bring an end to the indiscriminate cutting …

Africa is expected to be disproportionately affected by climate change, despite accounting for less than 3% of the world’s energy-related carbon dioxide emissions ANALYSIS | AGENCIES | The African Development Bank (AfDB) has unveiled an insurance facility that aims to raise an initial US$1bn in financing to support countries on the …

However, more than three-quarters of the respondents are willing to recommend insurance in the future Kampala, Uganda | JULIUS BUSINGE | Uganda’s insurance industry survey released on Sept.26 during the 57th CEO breakfast meeting in Kampala has provided valuable insights on customer satisfaction levels. One central question, “are customers satisfied with …

Kampala, Uganda | JULIUS BUSINGE | Innovations in different sectors of the economy will dominate this year’s 3rd National Science Week which is expected to take place from November 6 – 11 in Kampala, said Dr. Monica Musenero Masanza, the minister for Science, Technology & Innovation on Sept.27. A total of …

Kampala, Uganda | THE INDEPENDENT | AB InBev’s Ugandan unit, Nile Breweries Limited, has launched a campaign to promote responsible drinking. Running under the tagline “Enjoy Like a Boss – Be a Champion of Moderation,” the campaign seeks to induce self-moderation in consumption through creating awareness about the dangers associated with …

Kampala, Uganda | THE INDEPENDENT | Uganda’s aviation sector scored 72.17% in an on-site audit conducted by the International Civil Aviation Organization (ICAO) said the Minister of State for Transport, Fred Byamukama on Sept.28. Byamukama said the international audit was undertaken to evaluate the effectiveness of Uganda’s safety oversight systems in …

Kampala, Uganda | THE INDEPENDENT | Buganda Kingdom has demonstrated its commitment to the Kingdom’s economy and cooperation with key market players by undertaking a substantial investment in Airtel Uganda’s Initial Public Offering (IPO). Charles Peter Mayiga, the Kingdom’s Prime Minister pledged to procure 2 million shares on behalf of the …

The Fund is challenged to create more solutions that will further address social protection in line with the International Labour Organization Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund declared a 10% interest rate for savers for the fiscal year 2022/2023 compared to 9.65% the previous year but …

Kampala, Uganda | THE INDEPENDENT | CNOOC Uganda Limited held a prestigious send-off ceremony to celebrate the achievements of its International Scholarship Program beneficiaries. The event marked a significant milestone in the journey of three outstanding Ugandan students who are set to pursue a Bachelor of Petroleum Engineering at the China …