Business

Kampala, Uganda | THE INDEPENDENT | Jomayi Property Consultants Ltd, once Uganda’s most prominent real estate company, has been sent into liquidation after being declared insolvent. The order to wind up comes after NC Bank failed to recover sh868,250,000 from Jomayi and petitioned the court to declare the company insolvent …

Kampala, Uganda | THE INDEPENDENT | To enhance the quality of Ugandan crop exports, inspection controls for avocado, banana, and pineapples are slated to be reinforced by the Ministry of Agriculture, Animal Industry, and Fisheries (MAAIF). The trio will be classified as high-risk commodities, mirroring the categorization of hot pepper, chili, …

Kampala, Uganda | THE INDEPENDENT |  This Thursday, limited passenger services resume between Kampala and Namanve, following suspension last year to pave the way for the rehabilitation and upgrade of the existing line. The passenger services will feature departures from Namanve to Kampala at 6.40 and 7.45 am and evening departures …

Limiting global warming to 1.5°C, to avert climate change, will depend on sufficient, reliable and affordable supply of critical energy transition minerals ANALYSIS | RONALD MUSOKE | As the world accelerates its shift towards renewable energy, the demand for critical minerals such as copper, lithium, and cobalt is surging, spotlighting the need for equitable and …

Intra-regional trade within the East African Community with the exclusion of Somalia and DRC is more than US$10.17 billion Kampala, Uganda | THE INDEPENDENT | Feasibility studies for the proposed 256km Kenya-Uganda Expressway on the Northern Corridor are set to commence following the official handover of the site to GOPA Infra …

Kampala, Uganda | THE INDEPENDENT | Road transport rates per container in East Africa remains higher than the global average impacting trade and investments in the region, according to Pauline Ukwalu from the Shippers Council of East Africa. Ukwalu, who spoke during the East African Business Council (EABC) webinar on April.25, …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) has appealed to traders who are already registered on Electronic Fiscal Receipting and Invoicing Solutions (EFRIS) to popularize it. It emerges that those opposed to this solution think that it is a form of tax. Electronic Fiscal Receipting and Invoicing …

Kampala, Uganda | THE INDEPENDENT | Standard Chartered Bank Uganda has seen a significant rise in profits, doubling from Shs 40billion to Shs 80billion for the year ended December 2023. On the other hand, Bank of Baroda experienced a 2.29% decline in profits to Shs 153billion due to increased expenditures. Similarly, …

Kampala, Uganda | THE INDEPENDENT | Ugandan unit trust scheme, XENO Investment Management Limited, is eyeing the Kenyan market with its online platform to tap into the country’s retail investors. Launched in 2017, XENO executives said XENO Kenya received all the regulatory approvals to set up operations. “This year marks our …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda, in continued partnership with Tooro Kingdom, has launched the highly anticipated third edition of the Tooro Kingdom MTN Amasaza Cup. Building upon the success of previous years, this tournament aims to promote healthy living, sports development, and raise awareness about HIV/AIDS within the …