Business

Kampala, Uganda | THE INDEPENDENT |  UAP Old Mutual in collaboration with the National Social Security Fund (NSSF) Uganda have hosted a highly informative financial education engagement at the Kampala Sheraton Hotel. Themed, ‘Prosper in Retirement and Beyond’, the event targeted customers who are soon to be eligible for midterm …

SPECIAL REPORT | THE INDEPENDENT | African economies are projected to grow by 3.4 percent this year, according to the World Bank report, which rues the inability of these growth rates to eradicate poverty. The growth is deemed impressive, considering that last year, the economies grew at just 2.2 percent, however, …

The funds will be usd to facilitate  access to communication services in underserved areas Kampala, Uganda | THE INDEPENDENT | Telecom firm, Airtel Uganda, has handed over Shs 34.8 billion to the Uganda Communications Commission (UCC) in fulfillment of the Communications Act, aimed at bolstering the nation’s communication infrastructure. This contribution …

Uganda & South Sudan have underscored the shared commitment to bolster cross-border trade with a focus on streamlining clearance processes & enhancing security measures. SPECIAL REPORT | THE INDEPENDENT | Government officials, trade representatives from Uganda and South Sudan have agreed to strengthen cross-border trade relations and fostering regional integration. This …

Kampala, Uganda | THE INDEPENDENT  | Uganda Breweries Limited (UBL) has commissioned its state-of-the-art UGX 37 billion biomass plant, marking a significant milestone in the organization’s commitment to sustainability while demonstrating dedication to reducing its carbon footprint. Speaking during the biomass commissioning on Tuesday, UBL Managing Director Andrew Kilonzo said, …

Kampala, Uganda | THE INDEPENDENT |  Speaker of Parliament, Anita Among has directed the Minister of Trade, Tourism and Industry, and that of Finance, Planning and Economic Development to resolve the woes of Kampala City Traders and report back to Parliament on Tuesday, 16 April 2024. The traders, under their …

Kampala, Uganda | THE INDEPENDENT |  United Bank for Africa’s (UBA) Uganda subsidiary has  denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …

Kampala, Uganda | THE INDEPENDENT | Ugandan private sector firms have registered a deterioration in business conditions during March, thereby ending a 16-month upward improvement sequence in the health of the private sector. The overall decline was driven by renewed contractions in output and new orders, as customer demand was reportedly …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni received a letter from the President of the People’s Republic of China, His Excellency Xi Jinping, who expressed unwavering support for the East African Crude Oil Pipeline Project (EACOP). Hand-delivered by Ambassador Xue Bing, the Special Envoy for the Horn of …

Homa, Uganda | THE INDEPENDENT |  Thugs have robbed 22.4 million Shillings from an Indian national in Hoima City. The victim is Ganatra Kapil 32, a resident of Kiratete a suburb of Hoima city. The incident happened on Saturday around 7:30 p.m. It is alleged that Kapil left his home …