Business

  Kampala, Uganda | THE INDEPENDENT | Several people are reported to be injured after a fire at Vivo Energy fuel depot at the Shell Depot on 7th Street in the Industrial area, Kampala. The fire was quickly put off. Police confirmed their station at Kabalagala registered a fire outbreak …

Kampala, Uganda | THE INDEPENDENT | “D-Day means Day of Departure, and to us, its day of departure to work.” This is what the announcement of the Final Investment Decision on Tuesday means for the oil and gas joint venture companies, according to Total Energies Chairman and Chief Executive Patrick Pouyanné. …

Non-governmental Organisations have advised the government to expedite passing of the local content bill and increase funding for the Small and Medium Enterprises in the upcoming national budget. Kampala, Uganda | JULIUS BUSINGE | In a joint communique dated Jan.15, the NGOs under their umbrella organisation, Civil Society Budget Advocacy …

Kampala, Uganda | THE INDEPENDENT | Indian based Venture Capitalists, Aavishkaar Capital (Aavishkaar) in partnership with KfW, a German state-owned investment and development bank, have unveiled US$ 250 million “ESG First Fund” focused on strengthening the Environmental, Social and Governance (ESG) practice of mid-cap businesses while offering them flexible capital …

Kampala, Uganda | THE INDEPENDENT & URN | The joint venture partners in Uganda’s Oil and Gas sector have made the Final Investment Decision (FID) today. “The milestone marks a firm commitment from the IOCs to proceed with Uganda’s oil and gas projects and launches the major construction works,” Energy …

Busia, Uganda | THE INDEPENDENT | The traffic situation at the Busia border post on the Uganda-Kenya border has now normalized, while the backlog at the Malaba post is due to be cleared by the end of this week, according to Uganda Revenue Authority (URA). This follows more than two …

The innovation will rescue farmers who, for many years, have suffered losses Kampala, Uganda | ISAAC KHISA | Airtel Uganda has unveiled Airtel Cares, an initiative set to support communities with digitalised agriculture, health and education services. The telco on Jan.24 rollout digitalised agriculture value chain services in partnership with …

This increases the insurer’s market share to 12.8% with gross written premiums of Shs41.7bn Kampala, Uganda | ISAAC KHISA | South African based financial services provider, Sanlam Emerging Markets (Sanlam) has continued with the expansion spree in Uganda, with the latest information indicating that its life insurer, Sanlam Life Insurance, …

Mukono, Uganda | THE INDEPENDENT | Mukono Municipality law enforcement officers have rounded up over 40 children from the streets and markets in an ongoing operation aimed at ensuring that youngstar return to school. The arrested children also include those accused of harassing people for money on streets within Goma …

  The rates are projected to remain relatively stable for the short to mid-term Kampala, Uganda | PATRICIA AKANKWATSA | Rents for residential properties in the prime locations in Kampala increased in the second half of 2021 on the back of returning expatriates and ongoing developments in the oil and …