Business

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has this morning announced the appointment of Samuel F Mwogeza as its Interim Chief Executive, and Barbara Dokoria as Interim Executive Director effective April 1, 2024, until substantive appointments for the positions are made. The interim appointment of Mwogeza, who is …

INTERVIEW | SARA BYALA | A new book called Bottled: How Coca-Cola Became African tells the story of how the world’s most famous carbonated drink conquered the continent. It’s a tale of marketing gumption and high politics and is the product of years of research by critical writing lecturer Sara Byala, …

COMMENT | VALERY OKECHO | Public-private partnerships are not merely advantageous; they are indispensable in addressing pressing societal issues, with road safety awareness being a prime example. When government entities and private enterprises collaborate, they bring together resources, expertise, and networks to tackle complex challenges effectively. This synergy is crucial …

ROME, ITALY | Xinhua | U.S. electric vehicle maker Tesla is in talks with the Italian government to open a production facility in the country, Italian media reported Tuesday. Tesla has been engaged in talks with the Ministry of Enterprises and Made in Italy for several months, with the plan …

Kwania, Uganda | THE INDEPENDENT | The production department in Kwania district is actively promoting the adoption of small-scale irrigation systems among farmers to mitigate the adverse impacts of climate change. This initiative, known as Micro-scale irrigation, is a government program aimed at supporting farmers in acquiring and utilizing individual irrigation …

Kampala, Uganda | THE INDEPENDENT | The government programs continue to be impacted by financial pressures this year, amidst dwindling low-cost financial sources and plans to reduce commercial borrowing. This is a spillover from the large (5.5 percent of GDP) fiscal deficit in 2022/2023 was larger than planned, due to a …

Limited skilled manpower, inadequate financing, extended payment cycles, and geopolitical tensions continue to impact the sector a head of oil production Kampala, Uganda | THE INDEPENDENT | Following the Final Investment Decision (FID) announcement in Feb, 2022, the Petroleum Authority of Uganda (PAU) has approved contracts worth US$7.16 billion in the …

KIGALI, RWANDA | Xinhua | Chinese manufacturers of electric buses have set BasiGo, a Kenya-based company, on course toward its business sustainability but also the start of a significant role in advancing Rwanda’s transition to greener transportation. It is roughly three months since BasiGo launched pilot electric buses in public …

The Fund is expected to tackle  Africa’s $110 billion equity financing gap Kampala, Uganda | THE INDEPENDENT | Pan African multilateral lender, African Export – Import Bank has unveiled its Fund for Export Development in Africa (FEDA) office in Kigali, Rwanda. FEDA was established to tackle Africa’s US$110 billion financing gap …

Kampala, Uganda | THE INDEPENDENT | ICEA LION Life Assurance Uganda emerged as a standout performer at the Insurance Regulatory Authority awards, winning multiple accolades for its trailblazing client-centered solutions. The ceremony, held at Kampala Serena Hotel on Friday, March 15, 2024, celebrated the ingenuity of insurers across Uganda, highlighting …