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 …
Read More »Team Uganda wins prize at Huawei global ICT competition
Shenzhen, China | THE INDEPENDENT | Uganda university students have won one of the top prizes at the recently concluded Huawei Global ICT Competition. Teams from the southern Africa region represented a great success in the competition, which lasted for one year and attracted 150,000 students from 85 countries all over …
Read More »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 …
Read More »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 …
Read More »BALUNYWA: Increasing govt regulations hindering growth of small businesses
Prof. Balunywa to MSMEs: Government is Legislating You Out of Business. Kampala, Uganda | THE INDEPENDENT | Many government regulations are hindering the growth of small businesses, according to Prof. Wasswa Balunywa – the Principal of Makerere University Business School (MUBS). While speaking to SME owners at Onomo Hotel during …
Read More »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 …
Read More »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, …
Read More »Stanbic Bank, Prudential unveil joint medical insurance cover
MediProtect is open to the bank customers and any of their nominated dependents, irrespective of age Kampala, Uganda | THE INDEPENDENT | Stanbic customers are now able to acquire for themselves and loved ones, annual medical insurance cover of up to Shs20million, courtesy of Stanbic MediProtect, a joint offer by …
Read More »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 …
Read More »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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