Business

Kampala, Uganda | THE INDEPENDENT & URN | Speaker Jacob Oulanyah has received a request by the Leader of Opposition for a special sitting to discuss and manage the current fuel crisis in the country. “Office of the Speaker has received the Hon. Leader of Opposition’s letter and the Speaker will, as …

  But the insurance industry still has room for future growth Kampala, Uganda | ISAAC KHISA | Coronavirus pandemic has forced three insurance players to cease operations in Uganda amidst government’s decision to ease restrictions this year to salvage the economy. Metropolitan Life Uganda, which opened shop in 2017 targeting …

Central banks to develop their national switches to access payment system and ensure seamlessly transfer funds Africa | THE INDEPENDENT | The African Continental Free Trade Area (AfCFTA) Secretariat, African Export-Import (Afrexim) Bank, and other partners have unveiled the Pan-African Payment and Settlement System (PAPSS) in a bid to boost …

Fuel shortage first sign of poor planning and uncoordinated troop movements COMMENT | Samson Tinka | Since last week, there has been scarcity of fuel across the country. Pump prices are up and many stations ran out of fuel. The situation became worse upcountry as some districts like Hoima had a …

Privately owned schools and teachers owe financial institutions more than Shs1.5trillion Kampala, Uganda | THE INDEPENDENT | Uganda’s decision to re-open schools after nearly two years to control the spread of coronavirus in the population has come as a blessing to traders in Kampala, according to Thadeus Musoke, the acting …

Rise in imports, commodity prices, COVID-19 variant could impact recovery Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy underperformed in 2020 as coronavirus pandemic lockdown took toll on economic activities. The economy is projected to grow by 3.5-3.8% in the FY2021/22 and 5.5-6.0% in FY2022/23, before increasing to 6.5-7.5% in …

Experts blame ‘weak’ govt, disjointed policies Kampala, Uganda | THE INDEPENDENT | In a new paper titled ‘The political economy of reviving industrial policy in Uganda,’ Pritish Behuria; a Professor in Politics, Governance and Development at The University of Manchester, attempts to explain why Buy Uganda Build Uganda (BUBU), a …

Kasese, Uganda | THE INDEPENDENT | Hima Factory in Kasese District has suspended operations after a Saturday fire outbreak that left three factory workers dead and properties worth millions destroyed. Six other factory employees were injured with three in critical condition. Jean-Micheal Pons, the country Chief Executive Officer Hima Cement …

Namayingo, Uganda | THE INDEPENDENT | Up to 3,783 households and businesses in Lolwe Island in Bukoli Sub-County, Namayingo District have been connected on the hybrid solar mini-grid of 600kw capacity. Launched on Friday by the Ministry of Energy and Mineral Development, the Lolwe Island mini-grid project that started in 2017 …

Busia, Uganda | THE INDEPENDENT | The National Union of Drivers, Cyclists and Allied Workers (NUDAW) has suspended elections of Boda Boda leaders in Busia district over alleged irregularities. According to the union, most of the voters who turned up for the elections were reportedly non-members who had illegal boda …