Business

Museveni Appeals To Tourists To Return After COVID-19 Disaster Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni has made an appeal to the international community to embrace Uganda as a tourist destination again, after two years of low business. Launching a new Destination Uganda campaign, Museveni said that …

Tororo, Uganda | THE INDEPENDENT | One person died and four others were injured after a fuel truck caught fire in Mbale District. The accident occurred at mile 6 along Mbale- Tororo Road on Friday afternoon. According to eyewitnesses, a Boda Boda rider who was from Stabex Fuel Station entered …

Kampala, Uganda | THE INDEPENDENT |  While addressing the nation on December 30, 2021, President Yoweri Museveni lifted the two-year lockdown and fully opened all the sector of the economy. With most of the business returning to normal operations this month, start-ups within the education, creative and transport sectors received …

Kampala, Uganda | THE INDEPENDENT & URN | Speaker Jacob Oulanyah has received a request by the Leader of Opposition for a special sitting to discuss and manage the current fuel crisis in the country. “Office of the Speaker has received the Hon. Leader of Opposition’s letter and the Speaker will, as …

  But the insurance industry still has room for future growth Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic has forced three insurance players to cease operations in Uganda amidst government’s decision to ease restrictions this year to salvage the economy. Metropolitan Life Uganda, which opened shop in 2017 targeting …

Central banks to develop their national switches to access payment system and ensure seamlessly transfer funds Africa | THE INDEPENDENT | The African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners have unveiled the Pan-African Payment and Settlement System (PAPSS) in a bid to boost …

Fuel shortage first sign of poor planning and uncoordinated troop movements COMMENT | Samson Tinka | Since last week, there has been scarcity of fuel across the country. Pump prices are up and many stations ran out of fuel. The situation became worse upcountry as some districts like Hoima had a …

Privately owned schools and teachers owe financial institutions more than Shs1.5trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s decision to re-open schools after nearly two years to control the spread of coronavirus in the population has come as a blessing to traders in Kampala, according to Thadeus Musoke, the acting …

Rise in imports, commodity prices, COVID-19 variant could impact recovery Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy underperformed in 2020 as coronavirus pandemic lockdown took toll on economic activities. The economy is projected to grow by 3.5-3.8% in the FY2021/22 and 5.5-6.0% in FY2022/23, before increasing to 6.5-7.5% in …

Experts blame ‘weak’ govt, disjointed policies Kampala, Uganda | THE INDEPENDENT | In a new paper titled ‘The political economy of reviving industrial policy in Uganda,’ Pritish Behuria; a Professor in Politics, Governance and Development at The University of Manchester, attempts to explain why Buy Uganda Build Uganda (BUBU), a …