Business

Merchants in landlocked countries face the highest container deposit rates, typically around US$5,000 per container, due to extended turnaround times ANALYSIS | ISAAC KHISA | Africa’s multi-lateral lender, the African Export-Import Bank, has forged a partnership with BSMART Technology Ltd to extend the Afreximbank African Collaborative Transit Guarantee Scheme (AACTGS) to …

  Kampala, Uganda | THE INDEPENDENT | Letshego Africa Holdings has affirmed that the Group has not defaulted nor failed to service any of its obligations in its subsidiaries. “We confirm that claims of default on the part of Letshego Kenya and Uganda are false and incorrect,” it said in …

Illicit cigarettes remains a big headache the tobacco distributor in Uganda Kampala Uganda | JULIUS BUSINGE | Shareholders of British American Tobacco Uganda Limited will receive Shs 8.9 billion as dividend, equivalent to Shs 181 per ordinary share, following approval at the 24th Annual General Meeting held at Sheraton Kampala Hotel. …

This the largest dividend the fund has earned from a listed company in the region this year Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund (NSSF) has accrued Shs 80.6 billion from its investment in telecom firm, MTN Uganda, over the past three years. This follows the latest …

Afreximbank and ITC will develop detailed profiles of sectors in both regions to map out promising value chains and identify growth barriers and requirements ANALYSIS | THE INDEPENDENT | Trade between Africa and the Caribbean could soar to $1.8 billion annually by 2028, provided that value addition, trade facilitation, and enhanced …

Kampala, Uganda | THE INDEPENDENT |  The Police in Kampala are investigating a case in which a Canadian citizen Clifford Potter lost more than sh6 billion in a fake gold transaction. SSP Ayub Waisswa of the CID Kampala Metropolitan Police has written to a Kampala bank which hosts one of …

Why and what can be done about it to reverse the trend going forward ANALYSIS | DANNY BRADLOW | The recent Kenyan protests are a warning that the International Monetary Fund (IMF) is failing. The public does not think it is helping its member countries manage their economic and financial problems, which …

Kampala, Uganda | THE INDEPENDENT | The proposed Anti-Counterfeit Goods and Services Bill 2023 will comprehensively address the challenge of trade in counterfeit goods and services, according to the Bugiri Municipality MP Asuman Basalirwa. According to him, the need for the Anti-Counterfeit Goods and Services law emanated from the fact …

Kampala, Uganda | THE INDEPENDENT | Insurance companies in Uganda paid out over 820.1 billion shillings to various customers in claims in 2023. The Insurance Regulatory Authority of Uganda (IRA) said the payments amounted to more than half (51.17 percent) of the total amount of money that the insurance policy …

Kampala, Uganda | THE INDEPENDENT | dfcu Bank recently marked its 60th anniversary at a grand gala, celebrating six decades of operation and impactful service towards fulfilling its purpose of ‘Transforming Lives and Businesses’. The Diamond anniversary event, hosted at Mestil Hotel, Kampala, brought together distinguished guests, including government officials, …