Business

Kabale, Uganda | THE INDEPENDENT | Frank Tumwebaze, the Minister for Agriculture, Animal Industry and Fisheries has discouraged small holders farmers in Kigezi sub-region from engaging in tea growing, saying it is unprofitable. Kigezi is characterized by land fragmentation due to high population density and hilly terrain. Despite this, local leaders …

Gulu, Uganda | THE INDEPENDENT |  The crime rate in Gulu City suburbs has escalated as criminal gangs evade the security Close Circuit Television Camera –CCTV in the central business district. Crimes such as housebreaking, burglary, snatching of phones and handbags as well as motorcycle robbery by suspected members of “Aguu” criminal …

Istanbul, Turkey | Xinhua | Turkey’s economic woes have impacted flower and gift sales ahead of Valentine’s Day, as consumers have been forced to give priority to basic needs such as food products. “It is very difficult to sell a single rose for 40 Turkish liras (about 3 U.S. dollars) …

FEATURE | THE INDEPENDENT | On 21 January 2021, Uganda Tourism Board (UTB) launched a new tourism campaign dubbed “Explore Uganda”. This is an attempt to shift from the common norm of simply offering wildlife safaris, to exploring the “Pearl of Africa” as a whole. That is the street food …

Kampala, Uganda | THE INDEPENDENT | The Uganda Securities Exchange (USE) has halted trading of shares of New Vision Printing and Publishing Company Limited, a company whose majority shareholder is the government of Uganda. In a letter signed by the Uganda Securities Exchange Chief Executive Officer Paul Bwiso, the suspension …

  Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities, and State Enterprises – COSASE has tasked the Ministry of Finance to expedite payment of sh69.5 billion it owes to the Uganda Railways Corporation. In 2013, the Government resolved to sell some of the URC’s properties identified …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …

Entebbe, Uganda | THE INDEPENDENT | The government collected Sh2.5 billion in the first month of tolling Kampala-Entebbe expressway, says the Uganda National Roads Authority (UNRA). The tolling exercise commenced on January 8, 2022. Allan Ssempebwa, a communications officer at UNRA, says the shillings 2.5 billion was collected within one …

Kampala, Uganda | THE INDEPENDENT | More than 90 percent of Ugandans who hold a bank account do not keep more than sh1 million at any one time on their accounts, an indication of the low savings levels in the country. There are an estimated 14 million bank accounts in …

Kampala, Uganda | THE INDEPENDENT | The MV Pamba ferry that has been grounded for the last 16 years has resumed operations on Lake Victoria. MV Pamba has been grounded at Port bell since 2005. The vessel was instituted in 1959 together with MV Kabaleega and MV Kaawa to boost business across East …