Business

Jinja, Uganda | THE INDEPENDENT | The National Agricultural Research Organization-NARO has finalized plans to introduce biodegradable hair extensions to the Ugandan market. The hair extensions are extracted from the banana stems after harvesting the banana crop. The scientists argue that parts of the banana crop which were often disposed of …

Kampala, Uganda | THE INDEPENDENT | On July 18, Diamond Trust Bank announced its sponsorship of the Green Industry Agenda, a Uganda Manufactures’ Association led initiative, aimed at promoting sustainable industrial growth in Uganda. The lender’s CEO Godfrey Sebaana said the support aligns with the bank’s sustainability goals, and is a …

Jinja, Uganda | THE INDEPENDENT | Uganda’s first e-Mobility Expo and Kiira Vehicle Plant (KVP) Open House is set for Friday 16th August 2024 at the Kiira Vehicle Plant in Jinja. Held under the theme “The Future is Green; The Future is Now”, the first-of-its-kind event organised by Kiira Motors Corporation …

  Kampala, Uganda | THE INDEPENDENT | Government has hailed Uganda National Lottery as a constructive and responsible means of giving back to the community, as it benefits citizens, across all social classes. Prime Minister of Uganda Robinah Nabbanja, Finance Minister Matia Kasaija, Security Minister Jim Muhwezi together with Deputy Speaker of Parliament …

The tripartite member states represent 53% of the African Union’s membership, accounting for more than 60% of the continental GDP ($1.88 trillion) and with a combined population of 800 million ANALYSIS | THE INDEPENDENT | The private sector in the East African Community, under their umbrella body, the East African Business …

NAIROBI, Kenya | Xinhua | Kenya and Uganda have officially begun talks to extend the petroleum products pipeline from Eldoret in western Kenya to the Ugandan capital of Kampala. The Kenya Pipeline Company (KPC) said on Tuesday that the project, poised to significantly impact the region’s fuel import market, will …

The lender has expressed interest in financing additional projects, including the SGR and the UMEME buyout, totaling USD 4 billion Kampala, Uganda | JULIUS BUSINGE | On July 25, President Yoweri Museveni met with a team from Standard Chartered Bank’s Export Finance division at State House, Entebbe, to explore potential funding …

Developers are expanding outside the Central Business District driven by growing opportunities for investors and homebuyers Kampala, Uganda | THE INDEPENDENT | Turkish real estate firm VAAL Real Estate has officially commenced construction on its flagship project, Cadenza Residence, located in Nakasero, Kampala. The project, valued at US$30 million, is set …

There’s a dramatic rise in loan fraud, which surged to 46.5% as of June, up from 23.3% in March 2024 Kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s banking sector is confronting a significant increase in fraud incidents, prompting experts to call for more stringent measures to address the escalating threat. Julius …

150 days left to comply with new tough EU regulations on farmers who cut forests to grow coffee Kampala, Uganda | RONALD MUSOKE | With about 150 days left before the European Union (EU) market begins implementing its tough ban on import of ‘deforestation-related products,’ Ugandan farmers, exporters, and regulators are …