Business

FEATURE | THE INDEPENDENT | On 21 January 2021, Uganda Tourism Board (UTB) launched a new tourism campaign dubbed “Explore Uganda”. This is an attempt to shift from the common norm of simply offering wildlife safaris, to exploring the “Pearl of Africa” as a whole. That is the street food …

Kampala, Uganda | THE INDEPENDENT | The Uganda Securities Exchange (USE) has halted trading of shares of New Vision Printing and Publishing Company Limited, a company whose majority shareholder is the government of Uganda. In a letter signed by the Uganda Securities Exchange Chief Executive Officer Paul Bwiso, the suspension …

  Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities, and State Enterprises – COSASE has tasked the Ministry of Finance to expedite payment of sh69.5 billion it owes to the Uganda Railways Corporation. In 2013, the Government resolved to sell some of the URC’s properties identified …

Kampala, Uganda | THE INDEPENDENT | The Supreme Court has this morning ruled that Crane Bank ownership reverts to businessman Sudhir Ruparelia, in a judgment that puts an end to a five-year legal battle preceded by the closure of the Bank The judgment was made this morning as the court …

Entebbe, Uganda | THE INDEPENDENT | The government collected Sh2.5 billion in the first month of tolling Kampala-Entebbe expressway, says the Uganda National Roads Authority (UNRA). The tolling exercise commenced on January 8, 2022. Allan Ssempebwa, a communications officer at UNRA, says the shillings 2.5 billion was collected within one …

Kampala, Uganda | THE INDEPENDENT | More than 90 percent of Ugandans who hold a bank account do not keep more than sh1 million at any one time on their accounts, an indication of the low savings levels in the country. There are an estimated 14 million bank accounts in …

Kampala, Uganda | THE INDEPENDENT | The MV Pamba ferry that has been grounded for the last 16 years has resumed operations on Lake Victoria. MV Pamba has been grounded at Port bell since 2005. The vessel was instituted in 1959 together with MV Kabaleega and MV Kaawa to boost business across East …

  Kinshasa, Uganda | THE INDEPENDENT | The Government of Uganda represented by the Embassy of Uganda in Kinshasa – Democratic Republic of Congo (DRC) together with the DRC – Uganda Business Association (DUBA) represented by KTA Advocates intend to hold the 2nd Joint Business Forum in Kinshasa from the …

Kampala, Uganda | THE INDEPENDENT | SEACOM, the pan-African telecommunications service provider, today announced it will acquire selected infrastructure assets from Africell in Uganda. The acquisition marks a significant step for SEACOM and is a testament to the company’s commitment to providing, competitive end-to-end connectivity and ICT solutions across the …

Kampala, Uganda | THE INDEPENDENT | Parliament’s Committee on Commissions, Statutory Authorities and State Enterprises (COSASE) has given Janet Kobusingye, the proprietor of Mestil Hotel and Residences up to Monday 14 February next week to present relevant documents to prove ownership of the land where the hotel was constructed. The …