Business

Kampala, Uganda | THE INDEPENDENT | Kenya has again appealed to Uganda for a joint strategy on accessing the European market through the stalled EU/EAC Economic Partnership Agreement (EPA). Kenya also wants to partner with Uganda in negotiating a trade deal with the US as the the AGOA, the American Growth …

Can he achieve it when the economy is still grappling with COVID-19? Kampala, Uganda | THE INDEPENDENT | Ramathan Ggoobi, the new Permanent Secretary at the Ministry of Finance/ Secretary to the Treasury (PSST) is promising to design and improve on a number of policies to achieve an all-inclusive economy. …

Orient Bank’s acquisition in Uganda expands its balance sheet by Shs753 billion Kampala, Uganda | ISAAC KHISA | Regional lender, I&M Group PLC has recorded 33% growth in profit after tax to Shs134.6billion for 2021 half year period ended June.30. Its net interest income grew by 28% to Shs 285.2 …

The company’s trading price has tumbled to less than Shs100 per share, down from Shs 256.5 IPO level Kampala, Uganda | ISAAC KHISA | Shareholders of drug maker, Cipla Quality Chemicals Ltd will not earn a dividend for the second consecutive year even after reporting a more than 50% drop …

Growth is attributed largely to government’s move to relax second lockdown measures Kampala, Uganda | JULIUS BUSINGE | The business community has reported an improved business environment that has seen them somewhat recover from the negative effects of the 42-day lockdown, according to a monthly survey report sponsored by Stanbic …

Kampala, Uganda | THE INDEPENDENT | Uganda’s fintech community is confident regulation will act as a pedestal for the industry’s future growth. Speaking ahead of FITSPA’s 3rd Annual Fintech Conference due September 8, Chairman of FITSPA and Country General Manager of Interswitch EA Uganda LTD Peter Kawumi said the association provides …

Kampala, Uganda | THE INDEPENDENT | Stiff competition and high indebtedness have forced Uganda’s third largest telecom service company by subscriber base, Africell, to quit the country. The company say its services will stop on October 7, this year, according to a letter circulated to its employees, who will continue to …

Kabale, Uganda | THE INDEPENDENT | Residents of Butanda sub-county in Kabale district have staged a peaceful demonstration protesting the continuous entry of Rwandan nationals into Uganda through porous borders. The residents mostly taxi drivers blocked Butanda-Rubaya-Kabale road at Habubaare trading Centre in Butanda sub-county using their vehicles on Sunday …

Kampala, Uganda | THE INDEPENDENT | Several people are feared dead following the collapse of a storied building under construction in down-town Kampala. According to witnesses in Kisenyi near Mengo, several people including builders, drivers, food vendors and bystanders are all trapped inside the building. Several people rushed with all …

Mbale, Uganda | THE INDEPENDENT | Farmers in Bududa district have rejected banana plantlets delivered by the National Agricultural Advisory Services-NAADS under the Operation Wealth Creation-OWC program. Recently, the NAADS secretariat delivered over 4000 banana plantlets to the district for distribution to the farmers to boost banana productivity and increase …