Business

Elegu, Uganda | THE INDEPENDENT | Consumers and traders operating at Elegu Border Point in Amuru district have asked the Uganda National Bureau of Standards (UNBS) to step up market surveillance and crackdown on substandard commodities. They pointed out that the area is witnessing a surge in goods and commodities …

    Kabale, Uganda | THE INDEPENDENT | President Yoweri Museveni has advised the people of Kabale district to refrain from smuggling goods into Rwanda and instead engage in formal business. In a statement provided by the presidential press unit, Museveni made the comment at the Katuna border as he …

Kampala, Uganda | THE INDEPENDENT | A number of road users within the Nsambya area are unaware of the planned closure of part of the road to pave way for the construction of the Kampala Flyover Project. The road from the clock tower to Nsambya has been temporarily closed from …

Kampala, Uganda | THE INDEPENDENT | Shareholders in banking service companies will in a month’s time start receiving dividends for their investments, for the first time since 2019. Stanbic Bank Uganda and Bank of Baroda will be the first to pay dividends to their shareholders, starting July 24th and August 4th, …

Kampala, Uganda | THE INDEPENDENT | Researchers at the Economic Policy Researcher Center (EPRC) have asked the government to redeem businesses that were completely shutdown due to pressures caused by COVID-19-related restrictions. This followed a survey showing over 400,000 employees of Micro, Small and Medium-Scale Enterprises (MSMEs) lost their jobs over …

  Studies reveal that drinking low to moderate amounts of beer reduces the risk of heart disease FEATURE | AGENCIES | In a recent article published in the `Journal of Agricultural and Food Chemistry’, scientists analysed the effect of alcoholic and nonalcoholic beer ingestion on gut microbiota. The fermented extract …

  Kampala, Uganda | THE INDEPENDENT | Ugandans have been urged to step up domestic production and processing of wheat substitutes such as cassava and matooke. Wheat prices in the country are on the rise as result of rise in fuel prices as well as the Russia-Ukraine war which hiked cost …

Kigali, Rwanda | Xinhua | The African Development Bank (AfDB) is setting up youth entrepreneurship investment banks that will help grow youth-based wealth for Africa’s young population, the bank’s president Akinwumi Adesina announced Tuesday. The banks, to be rolled out by the end of this month, will act as new financial …

  Kampala, Uganda | THE INDEPENDENT | Cigarette dealer, British American Tobacco Uganda, will pay its shareholders Shs 209per share, translating into Shs 10.2billion as dividend. This is nearly 50% lower compared to Shs 19.9billion paid in 2020 due to a drop in profit. BATU pays 100% of its profit as …

Kampala, Uganda | THE INDEPENDENT | In a bid to help more people realise their dream of land and home ownership, Absa Bank Uganda has introduced land purchase loans. These loans will enable customers to access affordable financing for the purchase of land in Greater Kampala and select cities in Uganda. …