Business

Kampala, Uganda |  THE INDEPENDENT |  The Bank of Uganda has lost an application in which it sought to join as ‘Amicus Curie’ (Friend of the Court), the ongoing appeal by Diamond Trust Bank against Ham Enterprises, a company owned by businessman Hamis Kiggundu. The court was sitting to hear  an …

Kampala, Uganda | FLAVIA NASSAKA | President Yoweri Museveni has expressed displeasure at what he called a ‘slave mentality’ among scientists in Uganda. “I do not know what the problem with Africans. If the Europeans do not get a solution, we wait and die? This I cannot accept,” he said. The …

Kampala, Uganda |  THE INDEPENDENT |  The agriculture sector has been allocated 1.534 Trillion Shillings for the financial year 2021/2022. This is an increase more than half from the 940 Billion the sector got in the current budget.  About a third of the budget which is 536 Billion Shillings will be spent …

Private sector, economic experts wants government to increase the speed with tough recovery measures Kampala, Uganda | JULIUS BUSINGE | As the economy starts to heal from the 2021 election fever, and people getting back to work, with hopes that coronavirus vaccine will get here, private sector players and experts …

COVID-19 pandemic hit student enrolled for accountants’ proficiency courses Kampala, Uganda | JULIUS BUSINGE | Uganda will need more professionals including accountants as the economy expands, according to the top executives at the Institute of Certified Public Accountants of Uganda. The executives, who spoke during the release of the Institute’s …

But isn’t the country’s public debt gravitating towards a crisis? Kampala, Uganda | ISAAC KHISA | The National Resistance Movement administration plans to borrow Shs10.3trillion from external lenders in the FY 2021/22 that starts in July, according to the latest Budget Framework Paper, maintaining the country’s momentum towards the debt crisis …

Rather than stifle businesses there are ways that the government could have used to prevent misuse breach of security if it had consulted experts Kampala, Uganda |  THE INDEPENDENT | Maverick city lawyer Hassan Male Mabirizi petitioned the court on Friday last week to compel telecoms to refund money for unused …

Kampala, Uganda |  THE INDEPENDENT | Polling agents and market leadership of Bugolobi market came close to exchanging blows due to the continued closure of businesses located next to Jambula A-M polling station. The disagreement arose after market leadership asked the polling agents to reduce on the demarcations of the polling …

Kwania, Uganda |  THE INDEPENDENT | About 312 Savings and Credit Cooperative Organizations-SAACOs in Uganda are victims of fraud and poor governance, a report by the Project of Financial Inclusion in Rural Areas-PROFIRA has revealed. PROFIRA monitors the performance of different SACCOS in the country. According to the report, 64 out …

Moroto, Uganda |  THE INDEPENDENT | The persistent drought in the Karamoja region has created a lot of worries among the pastoralists. The region has for last four months been hit by a dry spell that has dried up several water sources and grass that the pastoralists have been grazing their animals. John …