Business

FUFA calls off trip to Dubai after flights from Uganda put on red list Entebbe, Uganda | THE INDEPENDENT | The Federation of Uganda’s Football Associations (FUFA) has called off the Uganda Cranes’ trip to the United Arab Emirates. The team was slated to travel tomorrow 29th December 2021. This …

Kampala, Uganda | THE INDEPENDENT | Uganda’s stock market saw a big leap in growth in 2021, thanks to the listing of MTN Uganda, after more than three years of near-stagnation with limited shares activity. Over the year, the total value of the stocks of the locally listed companies, or …

Kampala, Uganda | THE INDEPENDENT | Global economic uncertainties due to Covid-19 are highly projected to continue into 2022 as the pandemic starts its third year. And this, among other factors, will have negative effects on the Ugandan economy next year, according to the analysis by the Bank of Uganda. …

PostBank Uganda has officially announced its ascension to tier one status after receiving a license from the Bank of Uganda. Kampala, Uganda | THE INDEPENDENT | The bank, as mandated by the law, shall no longer be categorized as a credit institution but as a deposit taking financial institution that …

Kampala, Uganda | THE INDEPENDENT | The Director of Public Prosecutions-DPP Jane Frances Abodo has instituted a team of prosecutors to try businessman Hassan Basajjabalaba and his brother on charges related to forgery of a court order and evading tax worth sh20 billion. The case had stalled for seven years …

New York | Xinhua |  The holiday season travel stress has only escalated amid the surge of the Omicron variant of COVID-19, with several airlines reporting staff shortages from the spread of the coronavirus, leaving passengers with delayed or cancelled flights. According to FlightAware, a flight-tracking site, 880 flights within, …

Nearly 60 villages in Kayunga district are set to be connected to the national electricity grid to boost the socio-economic status of the population, according to Eng. Harrison Mutikanaga, the managing director at the Uganda Electricity Generation Company Limited. Kampala, Uganda | THE INDEPENDENT | Mutikanga, who was accompanied by …

Gulu, Uganda | THE INDEPENDENT | Wildfires have destroyed more than 1,400 acres of sugarcane in Ayuu Alali parish in Palabek Kal Sub County in Lamwo district.  The Chairperson Ayuu Alali Sugarcane Outgrowers Cooperatives Society, Francis Ojwiya, says that the fire broke out from sugar plantations that had already been …

Kampala, Uganda | THE INDEPENDENT | As schools prepare to receive learners on January 10th, 2022 as announced by the government, some parents are reluctant on paying tuition given their experience following the first and second lockdowns. The first lockdown announced in March 2019 occurred almost a month into the …

Kampala, Uganda | THE INDEPENDENT | Hoteliers in Kampala have registered improved guest booking this festive season compared to 2020, the worst year ever for the hospitality sector due to the COVID-19 pandemic. Prior to the outbreak of the pandemic in March 2020, the hoteliers say holiday seekers and tourists, …