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 …
Read More »PSFU launches national sensitization of business development standards
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 …
Read More »Fuel prices rise to a new high of sh5,400
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 …
Read More »Engineering company trains 1500 Buliisa farmers
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, …
Read More »One million jobs to be created in the minerals sector by 2025
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 …
Read More »Airtel Uganda hopes to raise $216 million in IPO
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 …
Read More »Google tests watermark to identify AI images
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 …
Read More »BAT Uganda net profit down 2% to Shs3.8bn
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, …
Read More »Stanbic Bank, IFAD ink deal for Ugandan migrants money transfer
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 …
Read More »International Social Security members lay strategies to involve informal sector
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. …
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