Business

Kampala, Uganda | THE INDEPENDENT | Boda Boda riders in Kampala City have opposed a plan by the government to reduce the number of stages in the Central Business District- CBD. Last week, the State Minister for Kampala and Metropolitan Affairs Kabuye Kyofatogabye emphasized that there shall be only 32 …

  Kampala, Uganda | THE INDEPENDENT | Stanbic Business Incubator Limited (SBIL) has awarded 700 Small and Medium Enterprises (SMEs) with certificates in enterprise development, this, after three months of training in financial literacy, business planning, contracts and bid management. The participating SMEs were drawn from a wide range of …

Kampala, Uganda | THE INDEPENDENT | The Buganda Road Magistrates Court has granted bail to six Lord Councilors out of nine who face charges of inciting violence. Those that have been granted bail included Faisal Kibirige, Gadhafi Nasur, Mosh Ssendi, Afrikan, Paul Kato and Moses Kataabu. Court presided over by …

Kampala, Uganda | THE INDEPENDENT | Government risks losing up to Sh3.5 billion following unapproved structural adjustments in the building plan of the proposed National Drug Authority-NDA headquarters in Kampala. This is part of the findings in a recent report by the Auditor General, John F.S Muwanga. The Auditor General’s …

Hoima, Uganda | THE INDEPENDENT | A fight broke has broken out among Councilors at the Hoima district headquarters in Kasingo cell, Hoima West Division of Hoima City. The fight Monday afternoon broke out after a section of councilors opposed the council sitting, saying it was illegal. It all started …

Kigali, Rwanda | THE INDEPENDENT | The East African Community (EAC) is consulting widely on ways of streamlining migration in the region to make it more beneficial to the development of the member countries. The ministers in charge of EAC, internal and labour, directorates of immigration from the region, as …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Kampala, Uganda | THE INDEPENDENT | The Auditor-General has observed what he described as unsatisfactory utilisation of the revolving fund under the Uganda Women Entrepreneurship Programme-UWEP following a value for money audit. The Ministry of Gender, Labour and Social Development is implementing UWEP. It is an initiative of the Government …

Kampala, Uganda | THE INDEPENDENT | The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of …

Jinja, Uganda | THE INDEPENDENT | The assailants who shot dead two mobile money agents in Jinja district on Saturday night monitored their victims for two months, according to police detectives investigating the double murder. The four assailants riding on two motorcycles gunned down John Nkabe and his Fred Bulago in …