Business

Kampala, Uganda | THE INDEPENDENT | Investors in the Oil and Gas related business are crying foul over the attitude of Uganda commercial banks towards them when they approach them to finance their projects. The local investors, who are mainly Tier 2 and 3 contractors in the industry, say most …

Kampala, Uganda | THE INDEPENDENT | Resident City Commissioners (RCCs) in Kampala have decided that they will not wait for Kampala Capital City Authority-(KCCA) to draft an ordinance to regulate the Boda Boda Industry to kick-start registration of riders. RCCs, who are also the Chairpersons of Division Security Committees, say …

The headline Stanbic Purchasing Managers’ Index (PMI) posted 51.9 in March, down from 55.7 in February, but still signaling an improvement in business conditions as the health of Uganda’s private sector continues to strengthen during the last eight successive months. Kampala, Uganda | THE INDEPENDENT | Released today, the index …

Kampala, Uganda | THE INDEPENDENT | Absa Bank has reinforced its position as one of the leading banks in Uganda after a record year that saw them hit a profit mark of over sh100billion for the first time. Absa Uganda financial results for the year ending December 2021 released on Monday …

The contractor set to come up with a new commissioning plan Kampala, Uganda | ISAAC KHISA | Karuma Hydropower Dam, the country’s flagship power project, now has all identified defects fixed but it is likely to miss the June 2022 target date for commissioning. Executives at the state-run Uganda Electricity …

With a new logo and fresh ambitions, Africa’s largest mobile telecoms service provider is pivoting towards fintech and enterprise services | TONDERAYI MUKEREDZI | As the world increasingly becomes digitised, African telcos are calibrating their business models towards fully integrated digital and financial services enterprises. Continental telecoms giant MTN Group …

COMMENT | NOELA BYUMA |  Small and Medium Enterprises (SMEs) play a critical role in economic development by creating employment and tax-generating avenues for the population and governments. They form both forward and backward linkages for manufacturing and services. Across the global south, the Small and Medium Enterprises hold most of …

Kampala, Uganda | THE INDEPENDENT | Contractors have been tipped on how to prepare and take up opportunities in the Oil and Gas sector. This was during the Uganda National Association of Building and Civil Engineering Contractors (UNABCEC) CEO Breakfast meeting at Hotel Africana  under the theme Contractors Readiness to …

Kampala, Uganda | THE INDEPENDENT | Traders in Kampala are feeling the pinch of rising commodity prices. They reveal that their sales have been so low in the last two months, and indication the customers are also struggling. Some of the traders who spoke to Uganda Radio Network – URN …

Mbarara, Uganda | THE INDEPENDENT | The Minister of Local Government has directed the Mbarara City Clerk Asse Babireeba to interdict two officials, citing dubious allocations of Central Market Lockups. The officials who the minister wants interdicted are; James Agaba, the Principal City Commercial Officer, his assistant Donati Mutahi. The …