Business

Kampala, Uganda | THE INDEPENDENT | The Ministry of Energy and Mineral Resources is making another attempt to regulate sand mining through a Bill that is yet to be tabled in Parliament. The draft bill comes hardly a year after Parliament did not nclude the regulation of sand as part …

Kampala, Uganda | THE INDEPENDENT | Parliament has asked the Government to present efforts to combat the rising prices of fuel that have rocked the country in the past week. Speaker, Anita Among, said whereas inflation had been contained, there are worrying signs with the escalation of fuel prices, which …

Kampala, Uganda | THE INDEPENDENT | Subcontractors in the oil and gas sectors have been urged to ensure monthly contributions to the National Social Security fund. It is emerging that some of the companies that got part of the lucrative deals in the oil and gas development at Tilenga and …

Kampala, Uganda | THE INDEPENDENT |  TotalEnergies EP Uganda has today handed over the largest high fidelity simulation center for medical training in sub-Saharan Africa, outside Cape town to Makerere University’s College of Health Sciences at Mulago Hospital. The facility is aimed at providing specialized emergency medical skills training to strengthen …

Kampala, Uganda | THE INDEPENDENT | Mobile phone-based payments for goods and services in Uganda remain low relative to subscriber numbers, a situation service providers say must be tackled to drive the cashless economy. While the country boasts more than 30 million mobile phone subscriptions, just about 20 million subscribe to …

Ibanda, Uganda | THE INDEPENDENT | The recent fall in the prices of vanilla has frustrated farmers in Ibanda district, many of them fearing that they may not be able to recoup their investment. A kilogram of vanilla was valued at 550,000 Shillings in the pre-COVID-19 period.  However, this value …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has established a partnership with the Ministry of Energy and Mineral Development to enhance social security compliance within energy, oil, and gas. The partnership is in line with the Fund’s new strategic approach that focuses on increasing social security coverage …

Kampala, Uganda | THE INDEPENDENT | MTN Uganda’s corporate social responsibility arm, MTN Foundation, has recognized 15 prospective entrepreneurs following completion of the three-month Business Incubation phase. Business Incubation is the second phase of the MTN Ace Skilling Program aimed at extending mentorship and support to entrepreneurs to deliver public good …

Bank’s customers will be provided with convenient access to fast, affordable, and quality air and ground evacuation services in the event of medical emergencies Kampala, Uganda | RONALD MUSOKE | The Kenyan subsidiary of the pan-African financial institution, Ecobank, has entered into a partnership with the African Medical and Research Foundation …

But loans and advances to customers reduced by 16% Kampala, Uganda | THE INDEPENDENT | dfcu Bank has reported a 56% improvement in net profit to Shs29.3bn in the first six months to June.30 driven by a reduction in loan impairment. The lender’s financial results released on Aug.24 show continuous growth …