Business

Court Dismisses Appeal Seeking To Block Implementation Of Vehicle Tracking Devices Kampala, Uganda | THE INDEPENDENT | The Court of Appeal in Kampala has dismissed an application filed by Legal Brains Trust, a non for profit organization seeking for a temporary injuction to restrain government from going ahead to install …

Entebbe, Uganda | THE INDEPENDENT | Works and Transport Minister Gen Edward Katumba Wamala has urged Ugandans and other investors with the financial muscle to invest in domestic aviation because there are vast opportunities untapped. Katumba was on Saturday speaking at the closure of the three-day Uganda Aviation Expo 2023 …

The Fund has unveiled business opportunities for FY2023/2024 Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund has unveiled business opportunities for local firms during the Financial Year 2023/24 which starts next month. These include investments in real estate, insurance services, advertising and promotions, information technology systems, consultancies, and …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority-URA is expected to collect 2 trillion Shillings in the next six days to hit the annual target. This was revealed by Ibrahim Bbosa, the URA Assistant Commissioner for Communication and Corporate Affairs. In this financial year, URA’s target was 25.5 Trillion …

Kampala, Uganda | THE INDEPENDENT | The Basketball Africa League (BAL) and the Rwanda Development Board (RDB) today announced a multi-year extension of their existing collaboration that will see the BAL continue to play games at BK Arena in Kigali, Rwanda each season, including the BAL Playoffs and Finals in 2024, …

Kampala, Uganda | THE INDEPENDENT | Drilling of oil wells at the Tilenga project is expected to commence in mid-July as the clock ticks toward the first oil in 2025. The project operated by TotalEnergies EP is planned to produce 190,000 barrels of oil per day at peak. Commencement of drilling …

Kampala, Uganda | THE INDEPENDENT | The banking industry has asked for a statutory recognition of the Uganda Institute of Banking and Financial Services to empower it with the professionalization of the industry and the services. The industry leaders say this will also make it easy to enforce standards in the …

Kampala, Uganda | THE INDEPENDENT | Uganda has been cleared to receive another 120 million dollars (440 billion shillings) loan under the Extended Credit Facility (ECF) of the International Monetary Fund. The IMF Executive Board on Wednesday concluded the fourth review of Uganda’s ECF, And this now enables the immediate …

Kampala, Uganda | THE INDEPENDENT | Various traders, together with the Kampala city traders’ Associations – KACITA, want the government to extend the rollout of the digital number plates, at least for one year. This call has come at a time, when the national rollout of the use of these …

Kampala, Uganda | THE INDEPENDENT | The Directorate of Crime Intelligence has successfully tracked down a suspected gang of armed robbers who specifically target mobile money operators, according to the Deputy Police Spokesperson, Polly Namaye. In a press statement, Namaye explains that the gang members were arrested following an operation …