Business

Lira, Uganda | THE INDEPENDENT  |  The Lira District Commercial Officer has been remanded for alleged forgery. Josephine Alobo appeared before Lira Grade One Magistrate, Hillary Rwamiranga, on Thursday on three counts of obtaining money by false pretence and uttering false documents. The co-accused are Felix Odongo, a Lira based businessmen, Lillian …

Kampala, Uganda | THE INDEPENDENT  |  At least 500,000 customers of electricity distributor, Umeme Ltd were affected by the company’s move to what they called rectifying a technical error that occurred December 2020.  During that month, Umeme says customers were given more power than the value of the money would pay. …

Kampala, Uganda | THE INDEPENDENT  |  Uganda’s economy has grown faster than was earlier projected two months ago, according to the Bank of Uganda’s Monetary Policy Committee.  The Uganda Bureau of Statistics, UBOS, in its updated GDP Quarterly GDP estimated the contraction in the economy at 1.1 % in 2020, compared …

Gulu, Uganda | THE INDEPENDENT  |  Former Lords Resistance Abductees have received free training on fish farming and entrepreneurial skills.  The six months training was conducted from the Community Aquaculture School Gulu, located at Isidoro Farm in Negri Village, Bardege-Layibi Division in Gulu City.  The students were assessed and validated by …

Busia, Uganda | THE INDEPENDENT  |  Traders in Busia district are in profitable tomato business due to high demand amidst tomatoes scarcity. The price for a full box of tomatoes has hiked from 200,000 shillings to 400,000 shillings, while a full basin of tomatoes is currently at 60,000 shillings from previous price of …

Broker Okia says that he helps up to 15  people on a daily basis, and can collect up to 750,000 Shillings on a good day Kampala, Uganda | THE INDEPENDENT  |  The services of the National Identification Registration Authority (NIRA) have been hijacked by brokers who are now making millions from …

Kampala, Uganda | THE INDEPENDENT  |  The Ugandan government rejected a China Exim Bank proposal to use revenue from Oil to pay for a loan to build the planned Standard Gauge Railway (SGR). This is according to information shared by Works and Transport Minister Gen Edward Katumba Wamala in a meeting …

Not Under Our Watch: Greenpeace Africa responds to oil pipeline deal Nairobi, Kenya | THE INDEPENDENT |  Greenpeace Africa has described news that Uganda and Tanzania have finalised plans to build an oil pipeline from Hoima to Tanga as a ‘neo-colonial project that has vast environmental and climate risks’. Uganda, Tanzania …

Kampala, Uganda | THE INDEPENDENT  |  The Ministry of Finance has unveiled a new Medium-Term Debt Management Strategy (MTDS), aimed at ensuring value for money from the loans that are being borrowed for the next financial year.  The plan specifies how the government plans to structure its debt portfolio in the …

Kampala, Uganda | THE INDEPENDENT  |  Investment in public internet has increasingly become risky and less viable in Kampala City as opposed to several years ago. This is due to low returns as a result of fewer customers accessing the internet from cafes, according to business people dealing in internet data. …