However, this trade performance remains modest compared to regions like Asia and Europe. ANALYSIS | ISAAC KHISA | Intra-African trade recorded an improvement in the past year but remained relatively low compared to other regions, according to Afreximbank’s African Trade Report 2024, titled “Climate Implications of the AfCFTA Implementation.” The report, …
Read More »Amina Atako wins sh10m in Daily Lotto
Bombo, Uganda | THE INDEPENDENT | Amina Atako, a 45-year-old single mother of six from Muni village, Arua District, took home a life-changing sh10,063,100 in the Uganda National Lottery draw (DAILY LOTTO) on Friday, June 14th, 2024. “I felt both joy and shock,” Amina expressed upon realizing her newfound fortune. She …
Read More »RwandAir Cargo expands its network to Dubai and Djibouti
Kigali, Rwanda | THE INDEPENDENT | RwandAir Cargo is launching new services to Dubai and Djibouti, both operated by its dedicated freighter B738SF. The expansion is part of the airline’s mission to connect Africa and the world, it said on June 10. The new routes will increase RwandAir’s cargo network to …
Read More »MTN completes listing of 20% public float
Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s sale of shares left over from its 2021 Initial Public Offering was oversubscribed by almost 100%, the telecom executives said on June 13. The company received applications for 3 billion shares against 1.6 billion shares on offer, The shares sold represent 7.03% of …
Read More »Kasaija’s Shs72 trillion heavy budget
Experts share mixed views relating to fiscal discipline, tax, growing debt COVER STORY | JULIUS BUSINGE | As Finance Minister Matia Kasaija ascended the podium at Kololo Independence Grounds on June 13 to unveil the FY2024/2025 National Budget, the air was thick with anticipation. The nation waited with bated breath, eager …
Read More »IFAD, FlexiPay campaign eases remittances to Uganda
Kampala, Uganda | THE INDEPENDENT | Ahead of the International Day of Family Remittances on Sunday, the UN’s International Fund for Agriculture Development (IFAD) has launched a new program to ensure easier transmission of money from other countries into Uganda. In a partnership with FlexiPay, a digital payment platform of Stanbic …
Read More »PS Ggoobi tips private sector on opportunities in Uganda budget
Kampala, Uganda | THE INDEPENDENT | The Finance Ministry Permanent Secretary and Secretary to Treasury Ramathan Ggoobi has outlined budget opportunities in the UGX 72Trillion Budget for the Financial Year 2024/25, urging private sector players to take advantage of them. This, he said while delivering a keynote speech during the …
Read More »More global investors set sights on Africa’s ports
An Indian port operator’s investment in Tanzania’s Dar es Salaam port is the latest evidence of growing competition among global investors for a foothold in Africa’s port sector, highlighting Africa’s emergence as a player in global trade. SPECIAL REPORT | BIRD AGENCY | Indian multinational port operator Adani announced early …
Read More »Kasaija has eyes on double-digit economic growth, GDP of $500 billion by 2040
Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija says the government will strive to achieve double-digit economic growth. Economic growth refers to an increase in the aggregated production and market value of economic commodities and services in an economy over a specific …
Read More »Oil, Gas, Minerals: How Uganda EITI turned enemies into friends
Kampala, Uganda | THE INDEPENDENT | When petroleum resources were discovered in Uganda in 2006, a rift emerged between the government and civil society. It was inconceivable that the government, civil society, and oil companies would meet in one room to discuss how to manage the resource. The situation has “greatly’ …
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