Business

Kampala, Uganda | THE INDEPENDENT | Sheikh Shaban Ramadhan Mubaje, the Mufti of Uganda has asked the government to consider subsidizing commodity prices.  According to the Mufti, many Ugandans are currently unable to afford basic commodities such as soap, bar soap, sugar, salt and cooking oil because of hiked prices. …

Hoima, Uganda | THE INDEPENDENT | The prices of fuel products in Uganda will be determined by the market forces of demand and supply even when the country starts producing its own petrol, diesel and kerosene or others. How much Ugandans buy petroleum products will, therefore, depend on what is happening …

  Kampala, Uganda | THE INDEPENDENT | Experts in the technology sector have urged local enterprises to opt for advanced systems to match the demands of the evolving business environment. Farouk Semambya, an Information Technology (IT) Architect at MTN Uganda says cloud computing technologies allows enterprises to introduce new ways …

  Johannesburg, South Africa | THE INDEPENDENT | Absa Group has announced the appointment of Arrie Rautenbach as Chief Executive Officer (CEO), effective immediately. The appointment Tuesday of the 56-year-old South African, follows a thorough recruitment and selection process completed by the Board. “On behalf of the Board, I am …

Kampala, Uganda | THE INDEPENDENT | Every party-goer in Kampala was at Lugogo Cricket Oval Sunday for the return of Blankets and Wine and its 10th-anniversary. Popular as a high-end picnic day, the event registered a great turn up from regular fun-loving folks, celebrities and socialites who showed up in …

Yvonne Manzi Makolo, CEO of RwandAir, says that the company, now 49% owned by Qatar Airways, is looking beyond the pandemic to exploiting Africa’s huge aviation potential. How has the Covid-19 pandemic affected your expansion plans and your medium- to long-term strategy? We had a lot of momentum in the …

Private sector wants government to up game to protect genuine manufacturers Kampala, Uganda | THE INDEPENDENT | Ugandan companies including Unilever, Uganda Breweries Limited and BAT Uganda are carrying out sensitisation workshops countrywide to weed out illicit trade. Joanita Menya Mukasa, the managing director for Unilever Uganda said on March.16 …

The group rescheduled 32% of all client loans to support recovery from COVID-19 pandemic | THE INDEPENDENT | Equity Group Holdings has recorded a 99% jump in profit after tax to Ksh40bn for the year ended December 2021 riding on higher yields from interest paid by borrowers and an improved …

Masaka, Uganda | THE INDEPENDENT | Uganda National Roads Authority -UNRA is set to redesign and reconstruct the entire Lwera stretch on the Kampala-Masaka highway as a permanent solution to the rampant breakdowns experienced on the section of the road. In the past four years, the 20-kilometer section of the …

Kampala, Uganda | THE INDEPENDENT | Three leaders of carpenters along Nsambya-Ggaba road have been remanded to Luzira Prison on charges of stealing sh132 million meant for relocating carpenters to pave way for construction of the Kampala flyover. The accused Muleke Moses aka Saddam 55, Kennedy Mugoya 41, and Edward …