Business

UNCTAD says optimising Africa’s supply chains could bring significant rewards as demand for consumer technology and renewable energy increases Kampala, Uganda | THE INDEPENDENT | The growth rate of Africa’s supply chain finance (SCF) market far outstripped the rest of the world last year, but uptake remains hampered by a lack …

  Kampala, Uganda | THE INDEPENDENT | The Private Sector Foundation Uganda in partnership with Mastercard Foundation, is implementing the “Enhancing Lead Firm Structure (LFS) for Youth Employment” project. One of the transformative interventions in this project is addressing the challenges of poor quality of Business Development Services (BDS) and …

Kampala, Uganda | THE INDEPENDENT |  Fuel Prices at pump stations around Kampala hit the highest levels since November 2022 on Monday, as the local industry blamed the development on global factors. Prices have been rising since early August, reversing the one-year trend that had seen a liter of Petrol …

Kampala, Uganda | THE INDEPENDENT | The Buliisa Farmers Capacity Building Project, initiated by Pure Grow Africa Limited with significant support from McDermott, celebrated the graduation of 1,500 farmers on Aug.30. The farmers underwent transformational training that encompassed areas such as land and seedling preparation, crop production and care, post-harvest processes, …

Implementation of the new law is a catalyst for bolstering growth of the sector Kampala, Uganda | JULIUS BUSINGE | The government expects to increase jobs in the minerals sector by 63% to 2.6million in FY2024/2025 from 1.6million reported in 2017/2018, according to Peter Lokeris, the state minister of minerals at …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda Ltd, a subsidiary of Airtel Africa plc, hopes to raise Shs 800 billion in an initial public offering (IPO). The company set the price for its initial public offering (IPO) at Shs100 per share and will offer up to 20% stake or 8 …

Kampala, Uganda | THE INDEPENDENT | Google is trialling a digital watermark to spot images made by artificial intelligence (AI) in a bid to fight disinformation according to the BCC report. Developed by DeepMind, Google’s AI arm, SynthID will identify images generated by machines. It works by embedding changes to individual …

Illicit cigarette inflows continue to be the biggest headache to the country’s product distributor Kampala, Uganda | JULIUS BUSINGE | BAT Uganda, a distributor and seller of cigarettes in Uganda has reported a 2% decline in net profit to Shs3.8 billion for the six months of this year ending June 30, …

Average cost of sending money back home for Uganda’s migrant workers is 11.3%, higher than global average Kampala, Uganda | RONALD MUSOKE | Uganda’s largest lender, Stanbic Bank Uganda, has entered into a new partnership with the UN’s International Fund for Agricultural Development (IFAD) to assist Ugandan migrant workers abroad in …

Kampala, Uganda | THE INDEPENDENT | Members of International Social Security Association (ISSA), have agreed to have shared digital knowledge to expand social security coverage in the informal sector. ISSA is an extension of the International Labor Organization, focusing on improving social security services among its more than 170 member states. …