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How Uganda’s global trade deficit widened

Kampala, Uganda | THE INDPENDENT | Uganda’s trade with the world suffered an expanded deficit in June 2024, compared to the balance of trade registered in May this same year. According to figures at the ministry of Finance, Planning and Economic Development and Bank of Uganda, the difference between between the …

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Why China Town is causing discomfort among traders

Kampala, Uganda | THE INDEPENDENT | What is it about China Town supermarket? Well, this is my experience. I strolled into China Town, and after walking around hundreds of meters through columns of shelves, I instead landed on Ugandan products – laundry soap and related items by Mukwano Industries Ltd and …

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How Simba Cement is supporting the construction sector

Kampala, Uganda | THE INDEPENDENT | Simba Cement continues to redefine Uganda’s construction industry by offering top-quality cement at unmatched prices, setting a new standard for the sector. As the company scales its operations with the region’s largest clinker manufacturing plant in West Pokot, Kenya, Simba Cement is empowering builders, contractors, …

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Starlink seek greater market share in Africa with “game-changing” router-free service

Starlink’s intention to offer a router-free service would be a “wake-up call” for Africa’s telecom giants, according to one analyst, and could trigger a pricing war across Africa’s telecom sector, forcing traditional giants to innovate or risk losing their market stronghold. SPECIAL REPORT | BIRD AGENCY | Billionaire Elon Musk’s …

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Kasaija assures depositors about money held in banks

Wakiso, Uganda | THE INDEPENDENT | Finance Minister, Matia Kasaija says depositors holding accounts with the different should rest assured that their money is insured against risks to the tune of 90%. The deposits are under the Deposit Protection Fund (DPF). Minister Kasaija was speaking at the Conference and Annual General …

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