Thursday , November 14 2024

Business

Business news

‘KCCA must enforce Non-Motorized transport’

Kampala, Uganda | THE INDEPEDNENT | The Ministry of Works and Transport has asked Kampala Capital City Authority-KCCA to enforce Non-Motorized Transport along Namirembe road. In 2018 KCCA started construction of Uganda’s first non-motorized transport corridor which stretches from Namirembe road through Luwum street to Entebbe road. The corridor was …

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KAMPALA: 3,300 buildings face demolition

Kampala, Uganda | THE INDEPENDENT | Kampala Capital City Authority -KCCA has earmarked 3,300 buildings in its five divisions for demolition if the owners do not move to rectify the queries on them, including getting the proper and documented approval of their plans. This was announced by KCCA deputy executive …

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Uganda Free Zones Scheme boost exports

Entebbe, Uganda | THE INDEPENDENT | The contribution of Uganda’s free zones to total exports jumped more than seven times to 1.247 billion dollars in 2020/2021 from the previous year’s exports. This is about one quarter of the country’s total exports for the year. The Uganda Free Zones Authority (UFZA)was created …

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Suspected ADF rebels burn 7 tons of cocoa in DRC

Ituri, DRC | THE INDEPENDENT | More than seven tons of Cocoa and a public transport vehicle were on Thursday evening set on fire and burnt to ashes by suspected Allied Democratic Forces (ADF) rebels at Mahu village, Bangole Mambasa territory in Ituri province, eastern Democratic Republic of Congo (DRC). …

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ERA plans cheaper electricity for those using cookers at home

Kampala, Uganda | THE INDEPENDENT | The Electricity Regulatory Authority- ERA, has approved a new tariff plan that is aimed at reducing electricity bills significantly for industries and domestic cooking. According to the new tariff structure, homeowners using electricity for cooking will pay Shillings 412 per kilowatt-hour (unit) starting January 2022. …

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UEGCL records Shs92bn net profit in FY2020/21

Profitability included Shs71bn from foreign exchange gains on Isimba loans Kampala, Uganda | THE INDEPENDENT | “We yet congratulate ourselves upon the completion of another financial year in which despite the continued Covid-19 disruptions, we were able to make headway as a company,” Eng. Harrison Mutikanga said in his statement …

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UDB launches unique solutions for women, youth and SMEs

Kampala, Uganda | THE INDEPENDENT |  The Uganda Development Bank Ltd (UDBL), the country’s national Development Finance Institution, has today announced exclusive offers aimed at addressing the growth of the key sectors of youth, women and SMEs. In addition to credit offerings to these segments, UDB will introduce a Business Accelerator …

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