Business

  Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority-KCCA has set aside Shillings 9 billion to patch potholes on different city roads. The money comes from the Authority Budget for 2020/2021 for infrastructure works in Kampala, which includes road construction.  The Minister for Kampala Betty Amongi told journalists at the …

Kampala, Uganda | THE INDEPENDENT |  Members of Parliament and surveyors from the Ministry of Lands have resolved to visit land that is due for compensation.  The Adhoc committee of parliament led by Kaberamaido County Woman MP Veronica Bichetero is currently investigating compensation concerning land in Ndeeba on which a Church …

Addis Ababa, Ethiopia | THE INDEPENDENT | Bids have been opened, and it will be MTN Group and Safaricom that will participate in Ethiopia’s process to award two full-service telecommunications licenses. “Pursuant to 33 of the tender regulations, qualified bidders are Global partnership for Ethiopia (Vodafone, Vodacom, Safaricom, Sumitomo and …

Kampala, Uganda | THE INDEPENDENT |  Kampala Capital City Authority- KCCA is in the final stages of developing an electronic Procurement system.  This is part of KCCA’s plan to turn Kampala into a Smart City through the use of technology and shall do away with manual handling of bids as suppliers …

Fort Portal, Uganda | THE INDEPENDENT |  Rehabilitation of two major roads in Fort Portal Tourism City has resumed.  The roads are Kaboyo and Ruhandiika which had been contracted to Trino Consulting Limited. However, the construction works stalled last year after the company had just started grading the roads. This sparked endless …

Kampala, Uganda | THE INDEPENDENT |  Parliament’s Budget Committee has faulted officials from the Ministry of Finance for undermining the Public Finance Management Act provisions while presenting an additional budget of 3.4 trillion Shillings for the financial year 2021/2022. The additional budget presented to the Committee on Monday has increased the …

Kampala , Uganda | Julius Businge | Civil Society Organizations are urging the government to focus on issues related to food insecurity, and weak healthcare system as it takes steps to ensure immediate relief and long term recovery during and post-Covid-19 era.  The CSOs include SEATINI Uganda, Oxfam, Federation for Small and Medium …

However, the lender remains strong with its capital growing up to 23%, higher than 12.5% regulatory cap Kampala, Uganda | JULIUS BUSINGE | Absa Bank Uganda Ltd saw its net profit sharply drop by nearly 50% from Shs78bn in 2019 to Shs40bn in 2020 as coronavirus pandemic took toll on …

Kampala, Uganda | THE INDEPENDENT  | The government is not concerned about the decision of some international banks to stay away from the financing plans for the East African Crude Oil Pipeline.  Several banks in France, where the lead investor in the project, Total, is based, have stated that they will not …

Gulu, Uganda | THE INDEPENDENT  |  The National Forestry Authority (NFA) has realized Shillings 11.3million from the auction of impounded charcoal. The charcoal was impounded from Amuru and Adjumani districts during joint operations manned by the Environmental Police Protection Unit and NFA last month against illegal charcoal dealers in Northern Region. …