Business

Kampala, Uganda | THE INDEPENDENT | Government risks losing up to Sh3.5 billion following unapproved structural adjustments in the building plan of the proposed National Drug Authority-NDA headquarters in Kampala. This is part of the findings in a recent report by the Auditor General, John F.S Muwanga. The Auditor General’s …

Hoima, Uganda | THE INDEPENDENT | A fight broke has broken out among Councilors at the Hoima district headquarters in Kasingo cell, Hoima West Division of Hoima City. The fight Monday afternoon broke out after a section of councilors opposed the council sitting, saying it was illegal. It all started …

Kigali, Rwanda | THE INDEPENDENT | The East African Community (EAC) is consulting widely on ways of streamlining migration in the region to make it more beneficial to the development of the member countries. The ministers in charge of EAC, internal and labour, directorates of immigration from the region, as …

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda (BOU) has reported that the economy is estimated to have grown by between 6.5 and 7 percent in 2021, compared to a 1.5 percent contraction in 2020, when the COVID-19 pandemic forced parts of the economy to shut down. Deputy Governor  Dr. …

Kampala, Uganda | THE INDEPENDENT | The Auditor-General has observed what he described as unsatisfactory utilisation of the revolving fund under the Uganda Women Entrepreneurship Programme-UWEP following a value for money audit. The Ministry of Gender, Labour and Social Development is implementing UWEP. It is an initiative of the Government …

Kampala, Uganda | THE INDEPENDENT | The decision by the Supreme Court of Uganda that Crane Bank Ltd reverts to owners Sudhir Ruparelia and co-shareholders raised public excitement, for various reasons, including an assumed return of the bank into the banking industry. There were concerns about the financial implications of …

Jinja, Uganda | THE INDEPENDENT | The assailants who shot dead two mobile money agents in Jinja district on Saturday night monitored their victims for two months, according to police detectives investigating the double murder. The four assailants riding on two motorcycles gunned down John Nkabe and his Fred Bulago in …

Kabale, Uganda | THE INDEPENDENT | Frank Tumwebaze, the Minister for Agriculture, Animal Industry and Fisheries has discouraged small holders farmers in Kigezi sub-region from engaging in tea growing, saying it is unprofitable. Kigezi is characterized by land fragmentation due to high population density and hilly terrain. Despite this, local leaders …

Gulu, Uganda | THE INDEPENDENT |  The crime rate in Gulu City suburbs has escalated as criminal gangs evade the security Close Circuit Television Camera –CCTV in the central business district. Crimes such as housebreaking, burglary, snatching of phones and handbags as well as motorcycle robbery by suspected members of “Aguu” criminal …

Istanbul, Turkey | Xinhua | Turkey’s economic woes have impacted flower and gift sales ahead of Valentine’s Day, as consumers have been forced to give priority to basic needs such as food products. “It is very difficult to sell a single rose for 40 Turkish liras (about 3 U.S. dollars) …