Business

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has issued a list of 23 certified maize millers in a bid to protect the public from consuming substandard maize products. This comes amidst growing concern about the quality of maize and flour on the market. Recently, Kenya banned …

Kampala, Uganda | THE INDEPENDENT | The delay to embark on Phase three of the Digital Terrestrial Television network has forced the Uganda Communications Commission to stop issuing licenses to new broadcasters. Uganda switched off analogue television in June 2015, in fulfilment of an international deadline and Signet, a company affiliated …

It plans to increase the number to five in the next 4-5 years Kampala, Uganda | JULIUS BUSINGE | Carrefour, owned and operated by Majid Al Futtaim has opened a second store in Uganda at Naalya, along the Northern Bypass, some 11kilometres out of Kampala city centre. Spanning over 2,050 …

Kampala, Uganda | THE INDEPENDENT | Then oil and gas development agreements between Uganda, Tanzania and the oil company, TOTAL SA are now set for April, following the death of John Pombe Magufuli, former president of Tanzania. “The launch of the Tilenga Development Project and the East African Oil Pipeline Project …

Commodity, tourism dependent economies likely to remain vulnerable over the next 12-18 months | THE INDEPENDENT | Uganda’s commercial banks have recorded a sharp drop in the outstanding restructured loans from Shs7.7trillion in June to Shs4.8trillion in Dec, 2020, signaling improvement in the borrower’s ability to meet their loan obligations, …

  What the company plans for years to come Kampala, Uganda | JULIUS BUSINGE | MTN Uganda recorded 9.5% surge in revenue to Shs1.98 trillion in 2020 amidst the effects of COVID-19, citing a sharp growth in customer subscribers. The company’s subscriber numbers increased by 12.3% to 14.2 million, up …

  Kampala, Uganda | THE INDEPENDENT | Electricity Company Umeme Ltd has posted a net profit of 41.1 Billion Shillings from its 2020 operations. This is a decline of 69% from the 139.2 Billion Shillings it recorded in the year 2019.  The huge fall in the profits is largely attributed to …

  Moroto, Uganda |  THE INDEPENDENT | Moroto main market has continued lying idle even after its completion due to an  uninstalled solar lighting system and unfinished construction of a parking yard that has prevented the Municipal authorities from allowing traders to use the market. The construction of Moroto market commenced in …

Amuru, Uganda | THE INDEPENDENT | The business community and road users in Lango and Acholi sub-regions are excited following the completion of the Awoo-Tochi Bridge in Omoro District.   For about six decades, locals in the area temporarily patched the bridge with wood logs and pieces of timber to facilitate trucks …

Isingiro, Uganda | THE INDEPENDENT | Drought and the outbreak of foot and mouth disease have led to a sharp rise in the prices of milk. In the districts of Isingiro, Sembabule, Kazo and Kiruhura, farmers have seen their incomes plummet as they have nowhere to sell the milk.   Many are …