Business

Kampala, Uganda | THE INDEPENDENT | The controversy between Crane Bank and Bank of Uganda seems to be coming to an end after businessman Sudhir Ruparelia secured an injunction against the Bank of Uganda’s move to place Crane Bank (in receivership) under liquidation. The court also barred the Central Bank from continuing …

Leading global technology platform expands its operations in Ghana, and launches in Tunisia, with plans to hire top talent in these markets, raising the bar for fast on-demand delivery and strengthening its commitment to providing users with affordable access to products across Africa Kampala, Uganda | THE INDEPENDENT |  Glovo, …

Kampala, Uganda | AMON BAITA | Green businesses in Uganda are being urged to apply to an accelerator programme that offers free finance-focused workshops and discounted loans to help them scale up with a vision to accelerate growth of Uganda’s economy within two decades. In a press release shared this …

Kampala, Uganda | THE INDEPENDENT | The government has tabled before Parliament a draft law through which Ugandans will be given priority for use of labour and other resources, during the construction of the East African Crude Oil Pipeline (EACOP). The proposed law tabled by the Minister of State for …

Kampala, Uganda | THE INDEPENDENT | The government has tabled fresh amendments to the Public Finance Management Act, to allow the Uganda National Oil Company (UNOC) access proceeds from the sale of its interest in crude oil. UNOC is a government company incorporated in June 2015 to handle the government’s …

Kampala, Uganda | THE INDEPENDENT | Hundreds of motorcycles are still parked at various police stations in the Kampala metropolitan area, two weeks after a presidential directive for the release of all motorcycles impounded for flouting curfew guidelines. Uganda has had nighttime curfew restrictions since last year when the country …

The two firms control nearly 90% of the market | THE INDEPENDENT | The looming dominance of MTN and Airtel in the country’s telecom industry following the planned exit of Africell Uganda could expose customers to poor quality of services and price exploitation, experts say. Paul Lakuma, an economist and …

  Busia, Uganda | THE INDEPENDENT | Chinese firm Wagagai gold mining company limited has embarked on the construction of a gold refinery in Busia district. Valued at $200M, the gold refinery will seat on 300 acres of land covering Alupe, Akipenet, Amagoro and Amonikakine villages in Buteba Sub-county. Speaking …

  Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda is joining the rest of the world to celebrate the International Customer Service week through its new campaign dubbed ‘L.O.V.E.’ The International Customer Service Week is an avenue through which brands outdo themselves to give their customers a special treat …

Kampala, Uganda | THE INDEPENDENT | About 270 driving permits have been fraudulently issued by the Uganda Driver Licensing System, an entity mandated with the scrutiny and issuance of driving licences. Charles Twine, The Criminal Investigations Directorate spokesperson has said that several employees of the company are conniving with applicants …