My humble opinion it that just as the decision was on the face of it legally sound, the court decision was also economically sound COMMENT | James Muhindo | In order for one to understand the rationale behind the court decision in the Hamis Kiggundu Versus Diamond Trust Bank Uganda & …
Read More »Water scarcity hits Kitgum municipality
Kitgum, Uganda | THE INDEPENDENT | Several residents in some parts of Kitgum Municipality have raised concern over water shortage. This follows an irregular supply of water since the month started by the National Water and Sewerage Corporation- Nwsc. The situation has since affected several households, business premises and learning institutions, …
Read More »Cloth traders hold Busia mayor hostage, demand for lockups
Busia, Uganda | THE INDEPENDENT | Business grounded to a halt at Busia Municipal council offices on Monday when more than 50 cloth traders held the mayor, Hassan Bwire Opio hostage for almost three hours demanding that the authorities allocate them lockups in the newly built Busia market. It came after …
Read More »BOU maintains credit relief for borrowers as COVID-19 effects persist
Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has extended for six months effective April 1, 2021 the Credit Relief Measures that the banking industry offered their borrowers to help them overcome the impacts of the Coronavirus (COVID-19) pandemic on the economy. The Bank will also extend its financial …
Read More »Govt boosts participation of local firms in EACOP
Local players think initiative could be late as oil companies are already publishing expression of interest for field services Kampala, Uganda | RONALD MUSOKE | Uganda has started implementing a Shs 1.85bn project seeking to build technical skills of local micro, small and medium enterprises eyeing businesses during the construction …
Read More »Nebbi cotton farmers uncertain amidst bad weather, falling prices
Nebbi, Uganda | THE INDEPENDENT | Cotton Farmers in Parombo Sub County Nebbi district are bothered by the uncertainty about weather and prices for their produce this season. More than 2,000 cotton growers in the area had poor yields as a result of bad weather characterised by excessive rainfall. And, as …
Read More »Pandemic reinforces need for insurance products in Africa
Like other businesses, the Prudential insurance group has had a tough year, but its Africa CEO Matt Lilley is optimistic about the company’s prospects on the continent. He spoke to African Business Magazine’s Desné Masie about the company’s strategy, the role of technology in digital inclusion and product innovation. Could …
Read More »Uganda maintains 10th spot in ABSA’s Africa Financial Markets Index
However, the financial services sector is not out of the woods yet Kampala, Uganda | JULIUS BUSINGE | Uganda has for the fourth consecutive year maintained the 10th position in the Absa Africa Financial Market Index 2020, signalling a stagnation in performance. The report, released by Absa Bank shows …
Read More »Drought, cattle rustling affect livestock prices in Karamoja
Karamoja, Uganda | THE INDEPENDENT | The persistent drought and resurgence of cattle rustling have affected the livestock market in the Karamoja region. The price of an animal weighing 100-kilograms has fallen from one million Shillings in November 2020, to 600,000 Shillings today. The drop in animals prices in the region …
Read More »Ngozi Okonjo-Iweala is WTO Director-General
WTO members made history February 15, 2021 when the General Council agreed by consensus to select Ngozi Okonjo-Iweala of Nigeria as the organization’s seventh Director-General Washington, US | THE INDEPENDENT | When she takes office on March 1, Dr Ngozi Okonjo-Iweala will become the first woman and the first African to …
Read More »