Business

Kampala, Uganda | THE INDEPENDENT | To celebrate the Chipper Cash four-year journey in Uganda, the company treated some of its users to a breakfast customer meet at Mestil Hotel Friday. Speaking at the breakfast that had key media personalities Anne Kansiime and Timothy Code as hosts, Dan Tumuramye the Country …

Kampala, Uganda | THE INDEPENDENT | Makerere University should teach students about saving for retirement. The appeal was made by Gautham Bhardwaj the Co-Founder & Director of Pinbox solutions, an international pensions innovation firm while paying a courtesy visit early this week to the University Retirement Benefits Scheme. Bhardwaj noted …

Kampala, Uganda | THE INDEPENDENT | Uganda Breweries Ltd, a subsidiary of the Nairobi-based East African Breweries Ltd (EABL), has unveiled a self-service online portal dubbed Diageo One to easily reach retailers as it strives to cut operational costs and maximise revenue generation. The new platform, which is already operational in …

Arua, Uganda | THE INDEPENDENT | Gaagaa bus services has closed its operations allegedly due to financial troubles, leaving more than 50 employees jobless. Several unsuspecting passengers caught unawares by the closure of bus operations have been turning up at the Arua booking office only to find the place closed. …

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank plans to spend 612 billion Shillings on the promotion of Small and Medium Enterprises in the country, amidst new and evolving challenges facing the economy. This amount will be more than double the figure spent over the year 2021. The increase …

Kampala, Uganda | THE INDEPENDENT | The government has tabled before parliament a proposal to purchase 150,000 preference shares in Roko Construction Limited. State Minister for Finance Henry Musasizi, told parliament that the shares will be worth 202.13 billion Shillings which will be paid over a period of five years. The …

Kampala, Uganda | THE INDEPENDENT | Experts have voiced contrasting views on how the Bank of Uganda is using its policies to control rising inflation. Many argue that the measures could hurt the economy more, at least in the short run. The Central Bank on Tuesday raised its base interest …

Kampala, Uganda | THE INDEPENDENT | On July 6, Paint maker Plascon Uganda welcomed the She Cranes at their Namanve Plant and guided the netball team through company manufacturing lines. Company executives said in a statement that the visit for the She Cranes was a big testimony that the two …

Jinja, Uganda | PATRICIA AKANKWATSA | Last weekend was very lit with events, but the archetypal party lovers and animals flocked Jinja for Swangz Avenue’s Roast and Rhyme’s Nyam on the Nile edition. As it was away from Kampala’s dust and traffic jam, they threw on their favourite party outfits …

Kampala, Uganda | THE INDEPENDENT | The Uganda Bureau of Statistics (UBOS) has accused the World Bank of mixing up their figures and using wrong parameters, and have insisted that the Ugandan economy has entered into the threshold for the lower-middle-income status based on statistical data computations they have. According to …