Business

Gulu, Uganda | THE INDEPENDENT | Papyrus mat makers in Gulu City are worried that they may soon lose their source of livelihood iF the drastic encroachment on wetlands is not checked. The fear follows the continued encroachment on wetlands by farmers who have opened up several gardens in the swamps, …

Kampala, Uganda | JULIUS BUSINGE  | The 10th NSSF-Monitor Career Expo is set to begin tomorrow and will go on for three days virtually, the NSSF Managing Director Richard Byarugaba and Nation Media Group Uganda Managing Director Tony Glencross told reporters earlier today (March 23).  The two executives said COVID-19 pandemic preventive …

Kampala, Uganda |  JULIUS BUSINGE  | KCB Bank Uganda Limited, has appointed Ramla Nantongo, a seasoned banker, as head corporate banking.    She joins KCB Bank from NCBA Bank (formerly NC Bank) where she was heading the Corporate and Commercial business units. Her appointment comes a week after Agnes Namyalo …

Kitgum, Uganda | THE INDEPENDENT | A Chinese firm, China Railway 18 Bureau Group Co Ltd has been approved as the contractor to undertake 2.9km road construction under Uganda Support to Municipal Infrastructure Project-USMID. This was after the contractor emerged as the best-evaluated bidder during a three weeks’ long evaluation exercise for …

Mbarara, Uganda | THE INDEPENDENT | Over 1,500 employees at Pearl Dairy Farms Lts have been laid off, almost a year after the company stopped exporting milk and milk products to Kenya. The yet unresolved trade Uganda-Kenya trade war, first in the dairy sector, and recently with maize, plus the effects …

Buvuma, Uganda | THE INDEPENDENT | New oil palm out growers who are just being introduced to the sector in Buvuma district are already discouraged as the lead investor has not helped or shown them how to prepare the ground where to planting the seedlings.However the nucleus estate to be used …

Kampala, Uganda |  Isaac Khisa |The second Intra-African Trade Fair (IATF2021) is now set to take place from Dec 8-14, 2021, it has been confirmed. The African Export-Import Bank, the African Union and the Rwanda government decided to shift the date of the continental trade fair, which was previously scheduled …

Kampala, Uganda | THE INDEPENDENT | The growth of Uganda’s economy in the short term is threatened by the effects of the COVID-19 pandemic, the hovering threat of the desert locusts in the region as well as uncertain weather conditions. The Bank of Uganda expects the economy to grow by at …

Businesses and consumers that went digital helped mitigate the economic downturn caused by the pandemic Kampala, Uganda | THE INDEPENDENT | Amid slowing economic activity, Covid-19 led to a surge in e-commerce and accelerated digital transformation. As lockdowns became the new normal, businesses and consumers increasingly went digital, providing and purchasing …

  Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common …