Business

Kampala, Uganda | THE INDEPENDENT | Uganda National Bureaus of Standards UNBS has declared that all Kombucha products on the Ugandan market are alcoholic beverages, based on the process they go through. Kombucha beverage is produced by adding certain strains of a Symbiotic Culture of Bacteria and Yeast – SCOBY …

Kampala, Uganda | THE INDEPENDENT | Two years since Uganda joined the Extractives Industry Transparency Initiative (EITI) it is yet to meet one of the most critical provisions of the initiative, that is disclosure of details of Production Sharing Agreements. EITI is an international initiative aimed at enhancing transparency in …

Kampala, Uganda | THE INDEPENDENT | Uganda and some of its neighbours will have a hard time as a new World Bank report warns of a possibility of high global inflation accompanied by tepid growth, reminiscent of the stagflation of the 1970s. The Global Economic Prospects Report predicts that Uganda …

Kampala, Uganda | THE INDEPENDENT | The value of mobile money transactions rose to 145.6 trillion shillings in the last six months ending March 2022. Relatedly, the value of internet and mobile banking transfers rose by 82.8% and 146.1% respectively. This comes amidst growing concerns from the public over the safety …

  Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has paid out a total of sh421 billion worth of midterm benefits to over 21,600 eligible members in less than 3 months, following commencement of payments in March this year. The payments are in respect to Section …

  The two new shareholders invests an additional US$9million in the company to support businesses | THE INDEPENDENT | On June 2, the Danish Investment Fund for Developing Countries (IFU) and the European Union (EU) were onboarded as new shareholders of aBi Finance Ltd. The EU will be investing $8.7m …

The COMESA Competition Commission working together with national competition authorities, has the central role to play | GRACE NSOMBA AND SIMON ROBERTS | Small and medium-scale farmers and agri-businesses in east and southern Africa are getting a raw deal. To succeed they need fair and integrated regional markets. Research by …

The West African country is the sixth country to visit Uganda to benchmark on SSC success | THE INDEPENDENT | The Sierra Leonean government has lauded Uganda and FAO for championing the South- South and Triangular Cooperation (SSTC) framework, through which Uganda has registered milestones in agricultural production. Following a …

Kampala, Uganda | THE INDEPENDENT | Deputy Speaker Thomas Tayebwa has interested Ugandans into investing in the stock markets, saying that this will facilitate the money multiplier effect while avoiding business losses. “There are people who are good at multiplying money. So, if I planned to have 60 percent of my savings …

✳ Oulanyah junior sworn in ✳ President starts by quoting the bible, Mathew 7 ‘house built on rock’ ✳ Uganda passes figure of $1036 for lower middle income status ✳ Uganda to import 600 solar powered water pumps in one year ✳ Uganda to continue efforts to process coffee locally ✳ Coffee, iron ore, oil will be …