Business

Rwanda’s successful Eurobond repayment serves as a reminder that there is resilience in African bond markets, despite the “perfect storm” of COVID-19, high inflation and trade disruptions SPECIAL FEATURE | BIRD AGENCY | In the face of economic challenges, Rwanda has achieved a significant milestone by successfully repaying its $400 …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has today announced a partnership with the Kampala City Council Authority (KCCA) focused on three areas of intervention, namely; supporting environmental sustainability, skilling of women & youth, and behavioural change communication. The partnership is intended to run for three years, and Absa …

Banks are ready to finance the sector but with stringent conditions    Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …

Kampala, Uganda | THE INDEPENDENT | Following pressure from the House, the Attorney General has revealed that government will challenge the interim orders exempting payment of taxes on gold exports. Kiryowa Kiwanuka made the disclosure while responding to concerns raised by legislators on a waiver issued by the Ministry of …

Kampala, Uganda | THE INDEPENDENT  | The Speaker of Parliament, Anita Among, has guided the Attorney General, Kiryowa Kiwanuka, to re-introduce the Narcotic Drugs and Psychotropic Substances (Control) Bill, 2016, following its annulment by the Constitutional Court on 05 May 2023 due to lack of quorum. “Since the bill is …

Kampala, Uganda | THE INDEPENDENT | Parliament has given the green light for a supplementary request of Shs4.4 trillion to cover additional expenses in the 2021/2022 fiscal year. On 10 May, the finance ministry presented a Supplementary Appropriation Bill to Parliament, seeking an extra Shs4.4 trillion to address unforeseen expenses …

  Kampala, Uganda | THE INDEPENDENT | Kyosk Digital Services Uganda has celebrated the end of its first financial year by announcing its expansion to new locations, highlighting its growth and impact on the traditional FMCG sector in Uganda, which is the first phase in revolutionising the retail landscape. To …

  Kampala, Uganda | THE INDEPENDENT | Kyosk Digital Services Uganda has celebrated the end of its first financial year by announcing its expansion to new locations, highlighting its growth and impact on the traditional FMCG sector in Uganda, which is the first phase in revolutionising the retail landscape. To …

Kampala, Uganda | THE INDEPENDENT  | The Ordinary Council sitting of the Kampala Capital City Authority-KCCA, which was scheduled for Tuesday, failed to proceed due to the absence of the required quorum. According to the KCCA Act, a minimum of 27 councilors out of the 54 representatives of the people …

Kampala, Uganda | THE INDEPENDENT | On May 11, Uganda Breweries in partnership with the Kabaka Foundation commissioned the Namuwongo sanitation block which is one of the 8 blocks that have been constructed in Katwe, Mulago, Mengo, Nakulabye, Kireka, Nateete, Lubiri, and Namuwongo over the past two years. This sanitation block …