Business

Kampala, Uganda | THE INDEPENDENT | The Central Bank is seeking the intervention of Parliament to ensure that regulations regarding governance and supervision of the financial sector are given urgent attention. The bank officials made the proposal while meeting MPs from different committees of parliament on Friday. Led by Deputy …

Entebbe, Uganda | THE INDEPENDENT | Uganda police are investigating a Chinese man that was found in possession of forged documents indicating he is the Uganda Airlines’ official agent in Beijing. The Chinese man, whose identity was withheld, had with him several documents police believe are forged government letters including …

    Karlsruhe, Germany | THE INDEPENDENT |  The Managing Director Uganda Development Bank Limited (UDBL) Patricia Ojangole, has been named Sustainability Leader of the Year 2021 during the Karlsruhe Sustainable Awards ceremony held annually in Germany. Awarded by the International Council of Sustainability Standards for Value Driven Financial Institutions during …

Kampala, Uganda | THE INDEPENDENT | National Medical Stores (NMS), a government entity mandated to procure, store and distribute essential medicines to mainly public health facilities, has been nominated for NITA-U Excellence Awards. They have been nominated under three categories, the E-Service of the Year Award (Health); E-Service of the …

Abidjan, Ivory Coast | THE INDEPENDENT |  For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development Bank’s 2021 Electricity Regulatory Index. Other strong performers include East African neighbours, Kenya and Tanzania, as well as Namibia and …

Despite the uncertain environment arising from the COVID-19 pandemic situation, IATF 2021 attracted exhibitors from 59 countries, of which 46 were African countries | THE INDEPENDENT | The second Intra-African Trade Fair (IATF 2021) generated a record setting US$42.1 billion in trade and trade-related investment deals, according to the latest …

The government has helped women start small businesses but more female entrepreneurs need to move into larger business space to drive economic recovery and industrial transition Kampala, Uganda | ISAAC KHISA | Uganda’s economic recovery will be faster, stronger, and more sustainable if it brings more women into the center …

High costs involved in provision of other services such as water, roads and electricity have been cited as the main hindrances for provision of low cost housing Kampala, Uganda | THE INDEPENDENT | National Housing and Construction Company Limited, Stanbic Properties Limited, and Stanbic Bank Uganda Limited have entered a …

World Bank urges a more gender inclusive recovery at latest economic update Kampala, Uganda | ISAAC KHISA | Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, …

Kampala, Uganda | THE INDEPENDENT | Deo Kayemba, the managing director for East African Roofing Systems Limited has elected the new Chairman for Uganda Manufacturers Association. Barbara Mulwana from Mulwana Group of Companies handed over the tools of office after members electing Kayemba at UMA headquarters in Kampala during the …