Business

Kampala, Uganda | THE INDEPENDENT |  At the time of the inauguration of a new cabinet in 2016, President Yoweri Museveni, who had been in power for 30 years back then, boasted that Uganda was on the cusp of achieving lowe-middle-income status This is a term used by the World Bank …

Kampala, Uganda | THE INDEPENDENT |  The government has secured a supplementary expenditure request worth 695.5 billion Shillings for the current financial year 2020/2021. The expenditure was approved by Parliament last evening, shortly before the tenth parliament closed its business.  A big chunk of the money (481 billion Shillings) is going …

Soroti, Uganda | THE INDEPENDENT |  Soroti City authorities are planning to hire a private firm to manage garbage collection in the new market. The 24 Billion Shillings market was constructed with funding from the African Development Bank and was commissioned by President Yoweri Museveni in November. It’s expected to commence …

Supported by earnings on deposits, loans, fees and commission Kampala, Uganda | JULIUS BUSINGE | Tier II lender, PostBank Uganda has reported an increase in profit after tax from Shs8.3bn in 2019 to Shs10bn in 2020 amidst the COVID-19 pandemic crisis. According to its financial results released on May 03, …

Kalungu, Uganda | THE INDEPENDENT | Joys Bazanye Nazziwa, a resident of Bukulula sub county, Kalungu district, no longer worries about preparing meals for her family. “I used to spend at least Shs 4,000 per day to buy firewood to prepare meals for my nine-member family,” she told The Independent in an …

Kitgum, Uganda | THE INDEPENDENT |  Kitgum District Local Government has increased its 2021/2022 Financial year budget by 1.1 percent, up from the previous 2020/2021 Financial year budget. The District Council on Monday approved a draft budget of 36.3 billion Shillings, an increment of shillings 2.9 billion from shillings 33.3 Billion …

    Kampala, Uganda | THE INDEPENDENT | Members of Parliament have approved a loan request worth 1.39 Trillion Shillings for the refurbishment of the Kampala-Malaba Meter Gauge Railway Project. The approval in a plenary sitting Chaired by Speaker Rebecca Kadaga followed the approval of a report by the National …

Entebbe, Uganda | THE INDEPENDENT | The Minister of Agriculture, Animal Industry and Fisheries, Vincent Ssempijja has commended the private sector for their contribution to the development of the oil palm sector in Uganda. The minister made the remarks in Buvuma while launching oil palm growing on the island. “The private …

Heavy deployment in major towns ahead of Museveni’s swearing-in ceremony Masaka, Uganda | THE INDEPENDENT | The army and police have maintained deployment in major towns of the country ahead of President Museveni’s swearing-in ceremony on Wednesday. URN reporters in Masaka, Jinja, Mbale, Hoima, Luwero and West Nile have observed unusual …

After years of delay, multinational oil development in Uganda looks set to go ahead, but will local suppliers be able to reap a fair share of the business? | LIAM TAYLOR | In the 1990s Edward Kabuchu and his brother were mining tungsten in western Uganda when they were approached …