Business

Mukono, Uganda | THE INDEPENDENT | Several students from schools in Mukono district are stranded due to lack of transport following the abrupt closure of schools to contain the second wave of the COVID-19 pandemic. Our reporter found Clair Nansimbe one of the students at Paul Mukasa Secondary school stuck …

Three CEOs, a global pandemic, a corruption scandal, a managerial wipeout and two brand new Airbus A330s on  ground for 6 months – what went wrong?  COMMENT |  DEREK NSEKO  |  Less than two years ago, Uganda celebrated the return to skies of the latest reincarnation of its National Airline. During …

  Kampala, Uganda | THE INDEPENDENT |  President Yoweri Museveni has said the gun used in the attack of Gen Wamala Katumba early this week has been identified as the same used in the murder of Maj. Sheikh Mohammed Kiggundu, 52 in 2016. (CLICK to read Kiggundu murder details) He also …

  The programme with aim to reach at least 40,000 young people in 8 countries – Rwanda, Tanzania, Uganda, Zambia, Malawi, Ghana, Jordan and Lebanon Kampala, Uganda | THE INDEPENDENT |  Digital Opportunity Trust (DOT) has announced a collaboration with IBM to empower young women and men in Africa and …

Telecom firm, Airtel Uganda, could soon start investing customers’ savings in the government’s treasury bills and bonds upon receiving a license from Bank of Uganda in fulfillment of the National Payment Systems (NPS) Act, 2020. Kampala, Uganda | ISAAC KHISA | Manoj Murali, the Airtel Uganda managing director, said the …

Kenya’s consumer credit platform, Lipa Later, has expanded into the Ugandan market, enabling customers to access credit to purchase products from retailers and supermarkets in monthly instalments. Kampala, Uganda | JULIUS BUSINGE |The firm, which also has operations in Rwanda, said the new service will enable customers to purchase latest …

Baghdad, Iraq | XINHUA |  Iraq’s Ministry of Oil said on Tuesday that the country exported 89.88 million barrels of crude oil in May, bringing in revenues of about 5.88 billion U.S. dollars. The average selling price for crude oil last month was 65.45 dollars per barrel, according to a …

Kampala, Uganda | THE INDEPENDENT | National Medical Stores has began training health workers across the country ahead of a planned national rollout of the new NMS Plus Platform, an initiative which will be used to enhance transparency in procurement and delivery of medicines. The NMS plus initiative that starts …

Chinese lending in Africa has provided billions of dollars for crucial infrastructure projects. As Beijing tightens its belt, how Africa will fix the deficit? | GYUDE MOORE | After nearly two decades of significant bilateral lending, researchers have seen a drastic decline in lending from China’s policy banks. The impact …

Kenya’s ban on milk imports from Uganda is to blame Kampala, Uganda | JULIUS BUSINGE | Norman Nduho Kapaapa, a dairy farmer from Rwamuranda village, Kanyalyeru Sub-county, Kiruhura district loves President Yoweri Museveni’s message that urges Ugandans to engage in commercial agriculture to fight poverty. “I would like to thank …