Business

Fort Portal, Uganda | THE INDEPENDENT | Fort Portal city authorities are targeting to benefit from a loan the Ugandan government is set to secure from the French Development Agency in order to address climate change and urbanization with the aim of fostering economic growth in the city. The funds are …

Kampala, Uganda | THE INDEPENDENT | Uganda’s banks will next week hold the 5th Annual Bankers Conference focusing on recovering manufacturing, tourism and agribusiness sectors. The two-day conference starting on July 25 will take stock of the financing gaps and other funding challenges therein, how best the financial sector players and …

  Nairobi,  Kenya | THE INDEPEDENT |  Private sector players in the region are accusing the East African Community (EAC)  leaders of doing too little as the transport sector continues to suffer, allegedly from bad policies. And this, according to them has led to a surge in the cost of …

Mukono, Uganda | THE INDEPENDENT | Up to 250 boda boda riders operating along Kampala-Jinja Highway in Mukono have completed training in managing traumatic emergencies. Organized under Vision for Trauma Care in Africa, the riders underwent three weeks’ training in a phased manner facilitated by Lay First Responders-LFR International, an American …

Entebbe, Uganda | THE INDEPENDENT | Uganda National Roads Authority-UNRA has announced the planned interruptions in the services of the Nakiwogo-Buwaya ferry today, Sunday. According to UNRA, the ferry will transport road construction equipment from Zzinga Island to the mainland via Nakiwogo, Entebbe. The equipment was deployed to carry out …

Kabale, Uganda | THE INDEPENDENT | A private guard from Accurate Security Company Limited is on the run after allegedly robbing Sh8 million from an Indian businessman he was guarding.   The suspect has been identified as Amos Ecidu. He is wanted for robbing Indian businessman, Shintole Nisnant at gunpoint in Makanga village, …

  Kampala, Uganda | THE INDEPENDENT | Uganda Vinci Coffee Company Limited has denied being handed a monopoly over the coffee business in the country. This is part of the company’s defense in a suit filed by Henry Byansi and Michael Aboneka before the High Court Civil Division in Kampala. …

Jinja, Uganda | THE INDEPENDENT | Kiira region police have arrested two suspected ringleaders of motorcycle theft in Jinja, Namutumba, Iganga, Luuka, and Bugiri districts. The suspects, who are in custody at Kakira central police station are Matiya Musana, a resident of Kinyolo village in Kakira town council, and Dennis Waiswa, …

Dar es Salaam, Tanzania | Xinhua | The East African business watchdog called for deliberate actions to bring down the cost of transport and logistics to ensure exports compete at domestic and international levels. In a statement issued late Thursday, the East African Business Council (EABC) said EAC transport costs are …

The euro has lost around 12 percent of its value against the dollar since the beginning of this year Rome, Italy | Xinhua | The euro and the U.S. dollar have broadly traded on par with each other this week after a steep devaluation for the euro which experts say will …