Business

Kampala, Uganda | THE INDEPENDENT | The government’s amendment to the proposed budget for the financial year 2023/2024, indicates an increase in the resource envelope from 50.9 trillion to 51.9 trillion Shillings. Henry Musasizi, the Minister of State for Finance- General Duties tabled the document on Wednesday during the plenary …

Mbarara, Uganda | THE INDEPENDENT | Lato Milk, a dairy processor in Uganda, has launched a new initiative dubbed Project Prosperity. Having spent over a decade as a dairy processor in the region, Lato has a wide range of dairy products to supply and works closely with smallholder dairy farmers …

Kampala, Uganda | THE INDEPENDENT | The Uganda Muslim Supreme Council (UMSC) has established a board of trustees for property and endowment (Awqaf) management. The board of trustees, led by Abubakar Mugaino and deputized by Hajji Jamad Luuta Musoke, will have representation from all Muslim regions. The board’s primary objective …

Filmmakers to be empowered through training across four regions Kampala, Uganda | THE INDEPENDENT |  MultiChoice Uganda has in partnership with the communications regulator, Uganda Communications Commission (UCC), and partners, launched the Uganda Film Festival Regional competitions and training sessions across four regions in Uganda. The competitions are part of the …

  Airtel Mobile Commerce Uganda Limited (AMCUL) will open its APIs to third party innovators, simplifying service delivery, and enabling them to develop new solutions Kampala, Uganda | THE INDEPENDENT |  Airtel Mobile Commerce Uganda Limited (AMCUL) and the United Nations Capital Development Fund (UNCDF) have today announced the launch of …

Arua, Uganda | THE INDEPENDENT  | The World Bank has expressed concern over the low absorption of funds by local governments implementing the Uganda Support to Municipal Infrastructure Development (USMID) Additional Financing project. Out of the US$5.4 billion invested in the program, only 30% of the funds have been absorbed …

MTN Uganda and Stanbic Bank are the only Ugandan-listed companies on the list in the region Kampala, Uganda | THE INDEPENDENT | Seventeen East African firms are among the list of the continent’s most valuable brands, with the Safaricom retaining the top spot amidst a decline in its overall ranking. The …

Kasese, Uganda | THE INDEPENDENT | Smuggling of goods through porous borders in Mpondwe, Kasese district is frustrating the efforts of the Uganda Revenue Authority (URA) to achieve its tax collection targets. Smuggling involves the supply, distribution, and sale of products on which applicable taxes in the country of consumption …

Kampala, Uganda | THE INDEPENDENT | Players in oil and gas have pleaded with the countries in the West not to starve Uganda and Africa of financing needed to get those resources out of the ground. The call has been sounded by the Energy and Mineral Development Minister, Ruth Nankabirwa, …

Kampala, Uganda | THE INDEPENDENT | The High Court has convicted six men for the murder of two South Sudanese nationals, Mohammed Abdallah and Ibrahim Bakhit, the former Manager of Juba City Hotel in Arua Park in Kampala Central Division. The convicts are Jacob Chothembo, a former employee of the private …