Business

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector experienced a modest deceleration in growth in Feb, as indicated by the Stanbic Purchasing Managers’ Index (PMI) which adjusted to 51.7 from a previous 54.0 in January. Despite this slight easing, the sector continued to demonstrate robust performance with sustained improvements across …

Kampala, Uganda | THE INDEPENDENT | The Uganda Revenue Authority (URA) is set to enlist all vatable smaller and medium size businesses on the Electronic Fiscal Receipt and Invoice Systems (EFRIS), to ensure efficiency in the collection of Value Added Tax (VAT), from these establishments. This revelation was made by the …

Kampala, Uganda | THE INDEPENDENT | Equity Bank Uganda has launched investigations into cases of fraud surrounding their Stock Loan and Agent Float financing that happened recently. The Stock Loan product is a credit facility meant to support entrepreneurs, small and medium-sized enterprises (SMEs), and large businesses across various sectors with …

Peruth Basemera Defies Odds, Grows Her Business from a Retail Shop to a Franchise Distributor Chain Across 3 Districts Kampala, Uganda | THE INDEPENDENT |  Her journey began in 2005 as an airtime stockist for Airtel Uganda (then CELTEL Uganda), selling scratch cards in her retail shop. However, in 2012, …

Kampala, Uganda | THE INDEPENDENT |  The Uganda National Oil Company (UNOC) has revealed that the first phase of the new fuel storage facility will cost over 550 billion Shillings (USD 140 million). The new reserve facility in Buloba is designed to store  up to 320 million liters of fuel. …

  Kampala, Uganda | THE INDEPENDENT |  Women Entrepreneurs from Busoga sub-region could benefit from access to patient and low-interest capital in the long run, thanks to the 2024 Women’s Day Katale slated for 15th and 17th March at Dam Waters Rugby Grounds in Jinja, organisers said in a press …

The company  has issued a 3-year contract to a joint venture comprising Zoramu Consulting Group  and Invest in Africa to establish the IEC Kampala, Uganda | THE INDEPENDENT | TotalEnergies EP Uganda has launched the Industry Enhancement Center (IEC), a sector-led initiative aimed at enhancing the capacity of Ugandan Small and …

Kampala, Uganda | THE INDEPENDENT |  The state minister in Charge of Industry at the Ministry of Trade, Industry, and Cooperatives David Bahati has pledged to work with Uganda Breweries Limited (UBL) and other sector players in addressing the challenge of illicit alcohol that costs Gov’t billions of lost taxes. …

Kampala, Uganda | THE INDEPENDENT | The amount of money that Ugandans contribute to the National Social Security Fund (NSSF) has risen from 1.27 trillion shillings in 2020 to 1.72 trillion in 2023. This contribution comes from up to 2.2 million members. Information obtained from NSSF indicates that this growth in savings …

Kampala, Uganda | THE INDEPENDENT | European Investment Bank (EIB Global) and Centenary Rural Development Bank Ltd (“CERUDEB”) have announced the agreement to make over 426 billion shillings (€100 million) available to private sector enterprises, with a focus on female borrowers and microenterprises in rural areas. A statement from EIB says …