Business

There are signs of post-pandemic recovery for Africa’s off-grid solar industry. Now it needs to lure back the investors Africa’s off-grid solar power industry is growing but is in urgent need of further support, as the sector struggles to shake off the negative impact of the Covid pandemic on providers of equipment and services, …

Agro-processing, manufacturing and primary agriculture were big determinants for the Bank’s performance | THE INDEPENDENT | Uganda Development Bank, the country’s National Development Finance Institution on July.07 released its 2021 Direct Impact Report highlighting the fundamental role that it continues to play toward Uganda’s sustainable socio-economic transformation and growth. Francis …

Experts back the move but say, the poor will be hit hardest Kampala, Uganda | JULIUS BUSINGE | On July 6, Bank of Uganda held an emergency monetary policy committee meeting and decided to increase the central bank rate (CBR) by one percentage point to 8.5%, the highest since the …

Kampala, Uganda | THE INDEPENDENT | To celebrate the Chipper Cash four-year journey in Uganda, the company treated some of its users to a breakfast customer meet at Mestil Hotel Friday. Speaking at the breakfast that had key media personalities Anne Kansiime and Timothy Code as hosts, Dan Tumuramye the Country …

Kampala, Uganda | THE INDEPENDENT | Makerere University should teach students about saving for retirement. The appeal was made by Gautham Bhardwaj the Co-Founder & Director of Pinbox solutions, an international pensions innovation firm while paying a courtesy visit early this week to the University Retirement Benefits Scheme. Bhardwaj noted …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Ltd, a subsidiary of the Nairobi-based East African Breweries Ltd (EABL), has unveiled a self-service online portal dubbed Diageo One to easily reach retailers as it strives to cut operational costs and maximise revenue generation. The new platform, which is already operational in …

Arua, Uganda | THE INDEPENDENT | Gaagaa bus services has closed its operations allegedly due to financial troubles, leaving more than 50 employees jobless. Several unsuspecting passengers caught unawares by the closure of bus operations have been turning up at the Arua booking office only to find the place closed. …

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …

Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament a proposal to purchase 150,000 preference shares in Roko Construction Limited. State Minister for Finance Henry Musasizi, told parliament that the shares will be worth 202.13 billion Shillings which will be paid over a period of five years. The …

Kampala, Uganda | THE INDEPENDENT | Experts have voiced contrasting views on how the Bank of Uganda is using its policies to control rising inflation. Many argue that the measures could hurt the economy more, at least in the short run. The Central Bank on Tuesday raised its base interest …