Tuesday , February 11 2025

Business

Business news

A trip to Murchison Falls   

Uganda offers a rich variety for visiting tourists to see on the long but smooth journey to and from Murchison Park   Karuma, Uganda | JULIUS BUSINGE | The Uganda Tourism Board (UTB) is implementing a three – year plan to showcase Uganda’s tourism potential to the world. From June 25-28, I …

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Global agrifood market more balanced, but trade costs must fall: FAO

Rome, Italy | Xinhua | Reducing trade costs would help boost sustainable development in the agrifood sector, enhancing integration and transformation especially in low-income economies, the United Nations Food and Agriculture Organization (FAO) said in a flagship report Tuesday. “A robust and well-integrated global agrifood system can help all countries withstand …

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Sudan launches 1st direct maritime shipping route to China

Khartoum, Sudan | Xinhua | Sudan held the launching ceremony of Sudan-China Express, the first direct maritime shipping route between the two countries, in the capital Khartoum on Sunday. Sudanese Minister of Transport Hisham Ali Ahmed Abuzaid and Chinese Ambassador to Sudan Ma Xinmin are among the officials and business representatives …

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NSSF steps up support to local firms to boost their competitiveness

    Kampala, Uganda | THE INDEPENDENT |  The National Social Security Fund (NSSF) has put in place initiatives to support local firms’ capacity, growth and competitiveness for better business opportunities. The initiatives that are already in practice include, the NSSF Suppliers Forum, access to finance through advance payments for high …

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CSBAG urges govt on 2022/23 budget

  Kampala, Uganda | THE INDEPENDENT | Civil Society Budget Advocacy Group has commended the government for putting together a pro-people 2022/23 budget, but has outlined areas that it wants prioritised so as to achieve tangible results. Speaking at a post-budget event held in Kampala on June 23, Julius Mukunda, …

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UDB to lend Shs300bn in the next six months

The lender recorded 76% net profit to Shs38.8billion in 2021 Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank is set to lend slightly over Shs300bn in the coming six months to support businesses overcome the current economic shocks, characterized by high commodity prices. The lender’s Chief Executive Officer, Patricia …

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UDB helped create 41,000 jobs despite inflation

Kampala, Uganda | THE INDEPENDENT | The Uganda Development Bank, the country’s national development finance company, made a record level of loan approvals in 2021, with total lending of sh635 billion. The approved loans are the highest since 2011, denoting a 10-year-high, while the loan stock grew more than half …

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