Business

Uganda among 11 African countries projected to experience a strong economic performance forecast alongside  Rwanda, Tanzania and Ethiopia Kampala, Uganda | THE INDEPENDENT | Africa will account for eleven of the world’s 20 fastest-growing economies in 2024, the African Development Bank Group said in its latest Macroeconomic Performance and Outlook (MEO) …

However, Auditor-General John Muwanga report faults the taxman for failing to collect taxes from gold exports Kampala, Uganda | THE INDEPENDENT | Uganda’s gold exports have seen a dramatic rebound, hitting US$2.3 billion last year following the government’s decision to lower export taxes, a move aimed at revitalizing trade that had …

Kampala, Uganda | THE INDEPENDENT | The Kenya Ports Authority has garnered praise from a cross-section of Kampala traders, for introducing Kargo Pay, a cutting-edge electronic payment system. This alternative cargo payment mode is set to revolutionize efficiency and expedite the settlement of port charges. One of the traders lauded the …

This positions the airline in a competitive landscape, alongside Uganda Airlines and Ethiopian Airways, which currently serve Mogadishu via their respective hubs Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways (KQ) has re-launched direct flight services to Mogadishu, Somalia, a strategic move set to enhance regional connectivity …

Kampala, Uganda | THE INDEPENDENT | Insurers involved in Oil & Gas projects under their umbrella body the Insurance Consortium for Oil and Gas Uganda (ICOGU) are optimistic more premiums will be underwritten soon given the lucrative nature of the Oil and Gas Sector. Speaking ahead of the Oil and …

  Arusha, Tanzania | THE INDEPENDENT | At least seven countries have requested free trade arrangements with the East. African Community (EAC), as the bloc also intensifies efforts to expand the markets for its products. These countries include the United Kingdom, Singapore, Pakistan, and the United Arab Emirates (UAE), as …

Kampala, Uganda | THE INDEPENDENT | Agricultural and soil experts have expressed concern over Uganda’s low fertilizer uptake, Uganda’s soil fertility and nutritional value are reported to be gradually depreciating over the years, and according to the experts, this trend explains the shift in food-sourcing regions within the country, and eventually, …

Kampala, Uganda | THE INDEPENDENT | Microsoft has denied claims by US regulators that it went back on its word by cutting jobs after it purchased Activision Blizzard – the biggest gaming deal in history, BBC reported on Feb.8 Microsoft Gaming announced 1,900 job cuts in January, three months after the …

NAIROBI | Xinhua |  Kenya raised a record 240.9 billion shillings (about 1.55 billion U.S. dollars) in its first infrastructure bond offer this year, said the Central Bank of Kenya (CBK) Wednesday evening, underlining increased investor confidence in the country’s debt market. The East African nation on Jan. 25 floated …

Kampala, Uganda | THE INDEPENDENT | Vivo Energy Uganda, the distributor and marketer of Shell-branded fuels and lubricants in Uganda, has awarded the winners of the final round of its Shell Club ‘Join and Win’ promotion. Amidst cheer and pomp from their loved ones and well-wishers, the three lucky Shell Club …