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Charcoal prices shoot up in Kabale

  Kabale, Uganda |  THE INDEPENDENT |  Charcoal prices in Kabale district have shot up in the past one months.   A sack of charcoal that was once sold at 20,000 Shillings now costs 32,000 Shillings.  Annet Kyomuhendo, a charcoal dealer in Kigongi in Central division Kabale municipality says that she …

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Solar energy capacity to reach 200MW next year

Kampala, Uganda |  THE INDEPENDENT |  Xsabo Group says they plan to build another three projects, which will bring the number to five plants with a total installed capacity of 150 MW, worth a total investment of 735 Billion Shillings. The company received funding for the Mubende project worth 63 …

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Defense ministry seeks Sh6.3 trillion for 2021/22 budget

Kampala, Uganda |  THE INDEPENDENT |  The Ministry of Defense and Veterans Affairs is seeking up to sh6.3 trillion to finance its budget for financial year 2021/2022. This was revealed by the Minister for Defense and Veterans Affairs Adolf Mwesige who said that Government has failed to raise Uganda shillings …

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SEKABEMBE: dfcu ready to support roads sector

Come to us for credit support, dfcu bosses tell road sector players Kampala, Uganda | JULIUS BUSINGE | Road contractors should consider partnering with financial institutions to increase their chances of winning while bidding for big projects, according to dfcu Bank Executive Director and Chief Commercial Officer, William Sekabembe. “We …

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Stanbic Bank unveils digitalized platform for clients

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has launched an end-to-end digitalized trading platform dubbed “Quantum Trade” to enable its customers access import letters of credit and domestic guarantees quickly within few hours, it said on April 06. The online platform will facilitate trade and allow customers receive …

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Kyagulanyi loses bid to block URA from re-assessing vehicle

    Kampala, Uganda | THE INDEPENDENT |  Kyadondo East Member of Parliament Robert Kyagulanyi Ssentamu has lost his bid to block Uganda Revenue Authority (URA) from recalling his vehicle for a reassessment. His application was dismissed on Tuesday by the Deputy Head of High Court Civil Division Judge Emmanuel Baguma. …

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UEDCL tackles Bundibugyo electricity challenge

Electricity consumers in Bundibugyo and Ntoroko districts want power distributor to meet their expectations Kampala, Uganda | JULIUS BUSINGE | Imlan Lutaaya, 24, the proprietor of Kuteesa Metal Works, a six months old welding startup, located in Nyahuka Town Council, Bundibugyo District has his eyes on the new power distributor …

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