Business

As part of the accelerator program, each of the five start-ups will receive up to $18,000 proof-of-concept funding to test their ideas Kampala, Uganda | THE INDEPENDENT |  Five Ugandan startups that are ready for the next level of growth have been selected for the Next Innovation with Japan Accelerator …

Kampala, Uganda | THE INDEPENDENT | FlyHub Uganda Limited, a subsidiary of Stanbic Bank Uganda Holdings Limited (SBUL) has announced the appointment of Joel Muhumuza as its first Chief Executive Officer. FlyHub is a newly created FinTech company and one of four subsidiaries under SBUL, the others being, SBG Securities, …

Approximately 87,500 no-pole customers to be connected to the electricity grid Kampala, Uganda | THE INDEPENDENT | Uganda government has secured $100milion funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme electricity distribution footprint. Commissioned in Waibuga Sub County in …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has formally written to the Speaker of Parliament returning the National Social Security Fund Bill, 2019 with proposals for amendment. Oulanyah revealed the contents of Museveni’s letter dated 26th August, 2021 during the Tuesday plenary sitting saying that he had received …

Firms need to go big on innovations, corporate governance and cost management, experts say Kampala, Uganda | THE INDEPENDENT | The exit of multinational companies in Uganda including South Africa’s largest grocery retailer Shoprite Holdings exposes the challenges that businesses in the country are grappling with to remain afloat. Several …

The group wants government to open up on the plan for this cash Kampala, Uganda | THE INDEPENDENT | Government needs to open up on the recent allocation of the Shs1.2trillion International Monetary Fund’s Special Drawing Rights (SDRs) and invest in the fight against COVID-19 pandemic to boost economic recovery, …

Kampala, Uganda | IAN KATUSIIME | Members of Parliament have been urged by Uganda National Roads Authority (UNRA) to fast-track the approval of a new loan meant to complete the Hohwa-Nyairongo-Kyarushesha road and its other sections that in total add up to 93km in the oil region. UNRA executive director Allen …

Kayunga, Uganda | IAN KATUSIIME | Kayunga district leadership has installed street lights on the bridge to Isimba dam following a directive by Minister for Energy and Mineral Development Ruth Nankabirwa. The minister made the directive while starting her tour of the energy sector on Sept. 14 at the 183 …

  Kampala, Uganda | THE INDEPENDENT | Members of Parliament on the Natural Resources Committee want the National Water and Sewerage Corporation – NWSC to revise its terms of service and start supplying clean piped water in all town councils across the country. This comes after Eng. Silver Mugisha, the …

Kampala, Uganda | THE INDEPENDENT | The Swedish Ambassador to Uganda Maria Håkansson has said that the continued closure of the Democratic Governance Facility-DGF is greatly affecting communities that were beneficiaries of its activities. DGF, the single biggest donor basket established by development partners was suspended early this year after …