Business

Kampala, Uganda | THE INDEPENDENT | Government has allocated shs3billion for studies into the efficacy of COVIDEX, a herbal solution that helps relieve symptoms associated with COVID-19. Prof. Patrick Engeu Ogwang, a clinical pharmacologist behind the herbal concoction revealed this to Uganda Radio Network in an interview. He, however, says …

Kampala, Uganda | THE INDEPENDENT |  Standard Chartered Bank Uganda in partnership with Challenges Worldwide, a Kampala-based business development consultancy, has launched the scale-up of the Youth to Work (Y2W) phase III programme worth Shs430 million. The hybrid event that had participants attend both physically and online, took place in Kampala and …

Nairobi, Kenya | Xinhua) | Kenya plans to leverage its global athletic status in order to boost the tourism sector, Kenya’s Cabinet Secretary for Tourism and Wildlife, Najib Balala told journalists in Nairobi, Kenya’s capital on Thursday. Balala said that the country’s long-distance runners are an asset as they are …

Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …

Kampala, Uganda | THE INDEPENDENT | Resident City Commissioners (RCCs) in Kampala have decided that they will not wait for Kampala Capital City Authority-(KCCA) to draft an ordinance to regulate the Boda Boda Industry to kick-start registration of riders. RCCs, who are also the Chairpersons of Division Security Committees, say …

The headline Stanbic Purchasing Managers’ Index (PMI) posted 51.9 in March, down from 55.7 in February, but still signaling an improvement in business conditions as the health of Uganda’s private sector continues to strengthen during the last eight successive months. Kampala, Uganda | THE INDEPENDENT | Released today, the index …

Kampala, Uganda | THE INDEPENDENT | Absa Bank has reinforced its position as one of the leading banks in Uganda after a record year that saw them hit a profit mark of over sh100billion for the first time. Absa Uganda financial results for the year ending December 2021 released on Monday …

The contractor set to come up with a new commissioning plan Kampala, Uganda | ISAAC KHISA | Karuma Hydropower Dam, the country’s flagship power project, now has all identified defects fixed but it is likely to miss the June 2022 target date for commissioning. Executives at the state-run Uganda Electricity …

With a new logo and fresh ambitions, Africa’s largest mobile telecoms service provider is pivoting towards fintech and enterprise services | TONDERAYI MUKEREDZI | As the world increasingly becomes digitised, African telcos are calibrating their business models towards fully integrated digital and financial services enterprises. Continental telecoms giant MTN Group …

COMMENT | NOELA BYUMA |  Small and Medium Enterprises (SMEs) play a critical role in economic development by creating employment and tax-generating avenues for the population and governments. They form both forward and backward linkages for manufacturing and services. Across the global south, the Small and Medium Enterprises hold most of …