Business

Kampala, Uganda | THE INDEPENDENT | National Medical Stores (NMS), a government entity mandated to procure, store and distribute essential medicines to mainly public health facilities, has been nominated for NITA-U Excellence Awards. They have been nominated under three categories, the E-Service of the Year Award (Health); E-Service of the …

Abidjan, Ivory Coast | THE INDEPENDENT |  For the fourth consecutive year, Uganda’s electricity sector is Africa’s best regulated across a number of key metrics, according to the African Development Bank’s 2021 Electricity Regulatory Index. Other strong performers include East African neighbours, Kenya and Tanzania, as well as Namibia and …

Despite the uncertain environment arising from the COVID-19 pandemic situation, IATF 2021 attracted exhibitors from 59 countries, of which 46 were African countries | THE INDEPENDENT | The second Intra-African Trade Fair (IATF 2021) generated a record setting US$42.1 billion in trade and trade-related investment deals, according to the latest …

The government has helped women start small businesses but more female entrepreneurs need to move into larger business space to drive economic recovery and industrial transition Kampala, Uganda | ISAAC KHISA | Uganda’s economic recovery will be faster, stronger, and more sustainable if it brings more women into the center …

High costs involved in provision of other services such as water, roads and electricity have been cited as the main hindrances for provision of low cost housing Kampala, Uganda | THE INDEPENDENT | National Housing and Construction Company Limited, Stanbic Properties Limited, and Stanbic Bank Uganda Limited have entered a …

World Bank urges a more gender inclusive recovery at latest economic update Kampala, Uganda | ISAAC KHISA | Uganda’s growth is expected to be between 3.5% and 4.0% in Fiscal Year (FY) 22 and about 5.5% in FY23; both projections are about one percentage lower than the June 2021 forecast, …

Kampala, Uganda | THE INDEPENDENT | Deo Kayemba, the managing director for East African Roofing Systems Limited has elected the new Chairman for Uganda Manufacturers Association. Barbara Mulwana from Mulwana Group of Companies handed over the tools of office after members electing Kayemba at UMA headquarters in Kampala during the …

  Kampala, Uganda | THE INDEPENDENT | The International Atomic Energy Agency – IAEA has endorsed Uganda’s nuclear energy power plant development following a successful review of the country’s nuclear infrastructure. This follows the successful accomplishment of the milestone phase one approach required by the Agency for the development of …

  Kampala, Uganda | THE INDEPENDENT | MTN Uganda share prices gained on the first day of trading on the Uganda Securities Exchange, from the Initial Public Offer price of 200 shillings per share. The shares traded at an average sh205 per share, which was a gain of 2.5% from …

    Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged financial institutions operating in Uganda to align their business strategies with the development needs of the country and with the well-being of its people. He emphasized that the financial sector is key to sustainable economic development through mobilization …