Tuesday , February 11 2025

Business

Business news

Uganda’s 2022-2023 budget to focus on economic recovery

Kampala, Uganda | THE INDEPENDENT | The Ministry of Finance says the budget for the financial year 2022/2023 will mainly focus on addressing health and economic challenges presented by the COVID-19 global pandemic, among other key issues. Presenting a statement to the Budget Committee on Wednesday, 27 April 2022, the Minister of …

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Finance Minister, AG defend contentious coffee deal

Kampala, Uganda | THE INDEPENDENT | The Attorney General Kiwanuka Kiroywa and Finance Minister Matia Kasaija have defended the controversial coffee contract between the Government and the Italian investor that has ruffled feathers since last month. While appearing before the parliamentary committee on Trade, Tourism and Industry chaired by Mbarara city south …

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Uganda Clays to venture into bricks market

The firm is now eying NSSF savers, banks and Sacco’s to spearhead growth Kampala, Uganda | ISAAC KHISA | Uganda Clays Ltd is venturing into production of bricks, thanks to the improved technology and the booming construction sector. The firm’s executives claim the new brick will lower construction costs compared …

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Elon Musk now owns Twitter

San Francisco, U.S. | THE INDEPENDENT | The Twitter, Inc. will take an offer of $44billion from billionaire, Tesla CEO Elon Musk. He will buy the social media company and make it private, it was confirmed on Monday. “Free speech is the bedrock of a functioning democracy, and Twitter is the …

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LYEC: First elephant monument unveiled in Gulu City

  Gulu, Uganda | THE INDEPENDENT |  A symbolic elephant monument was unveiled Friday in Gulu City in honour of the cultural significance of the creature to the Acholi people. The monument, installed with funding from Uganda Breweries was unveiled by the Chief Justice of Uganda,  Justice Alfonse Owiny-Dollo and His …

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