Business

NRM MANIFESTO WEEK |  The Ministry of Finance, Planning and Economic Development (MoFPED) listed its top achievements in the last five years during the 2021 Manifesto Week at the Office of the Prime Minister in Kampala. Presenting the achievements, the Minister of Finance, Matiya Kasaija, said on the target of …

Soroti, Uganda | THE INDEPENDENT |  Fishermen in Kamuda Sub County in Soroti district have voluntarily surrendered 15 illegal fishing gears to the Fisheries Protection Unit-FPU. The fishermen first surrendered the illegal fishing nets to the LC I chairperson of Aboket landing site on Lake Kyoga.   The LC I chairperson invited …

Busia, Uganda | THE INDEPENDENT |  Artisanal Small Scale Miners in Tiira Town Council, Busia district are struggling to pay and renew mining licenses with the Directorate of Geological Surveys and Mines.  The Directorate introduced the Mining Cadastre Portal to ease the processes of registration, application and renewal of licenses among …

Players question UNBS’ ability to enforce standards | THE INDEPENDENT | Dealers in solar home systems that do not meet the newly completed standards face prosecution and fines under the amended law. The Uganda National Bureau of Standards recently released the new standards – US IEC TS 62257-9-8 and IEC …

Its non-performing loans moved slightly from 3.95% to 3.97% Kampala, Uganda | ISAAC KHISA | Centenary Bank has defied the effects of coronavirus pandemic to record a 3.4% growth in net profit to Shs161.2bn for the year ended Dec. 2020. According to the bank’s financial statements, total assets increased from …

Kalangala, Uganda | THE INDEPENDENT |  MV Kalangala will not make its return voyage to Kalangala later today and tomorrow morning because of the engine maintenance survey by the insurers following its overhaul between March 6th, 2021 and April 2nd, 2021. The Vessel that plies between Nakiwogo in Entebbe and Lutoboka …

It shrugged off the effects of COVID-19 to nearly double net profit to Shs83bn Kampala, Uganda | JULIUS BUSINGE | Bank of Baroda Uganda has reported a sharp growth in annual profits, as earnings from loans, foreign exchange and market securities helped to offset the hit from the low interest …

Kampala, Uganda | THE INDEPENDENT | Speaker of Parliament, Rebecca Kadaga has told a delegation of experts drafting the East African Community (EAC) Political Federation Constitution that legislators will require ample time to make their input on the establishment. Led by Chief Justice Emeritus, Benjamin Odoki, the representatives from Kenya, Rwanda, Tanzania …

A joint team of experts will be set up to address the disjointed enforcement of cross-border Covid-19 containment protocols Nairobi, Kenya | THE INDEPENDENT | Kenya and Tanzania have agreed to eliminate barriers hindering the smooth flow of trade and people between the two East African nations. The decision was …

Government has been advised to undertake analytical studies on the value of fish maw internationally with the view to increase the levy upwards Kampala, Uganda | THE INDEPENDENT | Parliament has approved an eight per cent tax levy on fish maw exports following the passing of the Fish (Amendment) Bill, 2021. In …