Business

Kampala, Uganda |  THE INDEPENDENT | The Government plans to spend 1.826 Trillion Shillings on repayments of external debt next financial year, up from 1.12 trillion Shillings in the current year. The increase is attributed to an increase in non-concessional financing.    Non-concessional loans usually carry commercial interest rates which are …

Kampala, Uganda |  THE INDEPENDENT | As Kampala city welcomes new leadership, taxi operators have advised the incoming Kampala Capital City Authority -KCCA councilors to always consider consulting with them before enacting any bi-laws. Mayambala Mustafa, the vice chairman of Joint Taxi Operator’s Consortium -JOITCO says there has been misrepresentation when it …

Mbale, Uganda |  THE INDEPENDENT | Mbale City and the neighboring areas woke up in darkness on Thursday morning following the cutting down of electric poles by unknown people. The unknown people used power saw machine and cut down three poles in Bugema Nauyo within Mbale City blocking part of Mbale …

Recent events show that Africa’s dependence on external sources of finance is no longer sustainable. It is time for the continent to develop its own lending institutions | HANNAH RYDER AND OVIGWE EGUEGU | Amid all the distress of the Covid-19 pandemic in 2020, progress on the African Continental Free …

Uganda’s economy is slowly opening up amidst coronavirus pandemic, rising hope for the banking industry’s quick recovery. The Independent’s Isaac Khisa caught up with the Absa Bank Uganda Managing Director, Mumba Kalifungwa, and shares the industry’s projected performance and the future outlook. What do you make of Uganda’s banking industry …

  The carrier takes on Kenya Airways, RwandAir, Air Tanzania and Ethiopian Airlines which dominates the new routes Kampala, Uganda | ISAAC KHISA | Uganda’s national carrier, Uganda Airlines, is set to tighten competition in the East Africa’s aviation market with the unveiling of new routes. The carrier has announced …

Kampala, Uganda | Julius Businge | Technological advancements, innovations continue to emerge in the world economy to facilitate transactions and related services across sectors of life. On Jan.11, Airtel Uganda, in partnership with Mastercard introduced a virtual debit card offering to enable customers transact online globally. The virtual (non-plastic) card allows …

Saving the 2021 economy: Key factors that might determine its performance and why government must act Kampala, Uganda | JULIUS BUSINGE | Ugandans went to the polls on Jan.14 to elect a new President and other political leaders amidst tight restrictions on preventing the spread of COVID-19 pandemic. Throughout the campaign …

Kitgum, Uganda |  THE INDEPENDENT | The construction of the Kitgum modern Market has suffered a setback due to lack of skilled labourers.  Construction of the Shillings 23 billion Market commenced in June 2019 under the China State Construction Engineering Corporation Ltd. The construction work was expected to end by June …

Kampala, Uganda | THE INDEPENDENT | Lenders are hoping that the general elections will be peaceful so that their businesses return to normal. Like many other sections of the economy, the financial sector was still trying to recover from the effects of the Covid-19 pandemic when the climax of the election …