Business

Kampala, Uganda | THE INDEPENDENT | A five floor building that collapsed in Lukuli, Makindye in May last year, killing 13 people was being constructed by an “engineer” by whose highest qualification is a certificate in bricklaying. This revelation that URN is making public for the first time is in …

Dar es Salaam, Tanzania | XINHUA |  The government of Tanzania has approved 30 billion Tanzanian shillings (about 13 million U.S. dollars) for the construction of state-of-the-art industrial park and business center in the east African nation’s commercial capital Dar es Salaam, an official said on Friday. The 13 million …

Gulu, Uganda | THE INDEPENDENT | The National Drugs Authority (NDA) has impounded drugs worth 163.5 million shillings in Northern Uganda. The drugs were impounded during a two- weeks operation conducted in the three regions of Lango, Acholi and Karamoja covering 17 districts of Abim, Agago, Alebtong, Amolatar, Amuru, Apac, …

Kampala, Uganda | THE INDEPENDENT | The Uganda Private Teachers Union (UPTU) is concerned that the Ministry of education is ordering private schools to register afresh. The ministry now requires private schools to register afresh, a process that will always be repeated every five years. According to the Ministry of …

Havana, Cuba | XINHUA | The U.S. embargo on Cuba, which began in the 1960s, continues to make life difficult for the Cuban people, Cuba’s Prensa Latina news agency reported on Friday. In an opinion piece released on the news agency’s website, Por Xin Ping, a commentator on international affairs, …

Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Corruption at the World Bank: But if it can’t rank business friendly countries, who can? THE LAST WORD Museveni’s Covid paranoia: Why Uganda and other African countries have consistently taken extreme and inappropriate …

Nairobi, Kenya | THE INDEPENDENT – Pan-African housing development financier Shelter Afrique has fully paid commercial debts owed to eight lenders, giving the company the leverage to underwrite new debt. In 2018, Shelter Afrique signed a Debt Restructuring Agreement with the eight lenders – six DFIs and two commercial banks – to …

As part of the accelerator program, each of the five start-ups will receive up to $18,000 proof-of-concept funding to test their ideas Kampala, Uganda | THE INDEPENDENT |  Five Ugandan startups that are ready for the next level of growth have been selected for the Next Innovation with Japan Accelerator …

Kampala, Uganda | THE INDEPENDENT | FlyHub Uganda Limited, a subsidiary of Stanbic Bank Uganda Holdings Limited (SBUL) has announced the appointment of Joel Muhumuza as its first Chief Executive Officer. FlyHub is a newly created FinTech company and one of four subsidiaries under SBUL, the others being, SBG Securities, …

Approximately 87,500 no-pole customers to be connected to the electricity grid Kampala, Uganda | THE INDEPENDENT | Uganda government has secured $100milion funding from the African Development Bank to switch-on some of the long-pending new electricity connection applicants under the Umeme electricity distribution footprint. Commissioned in Waibuga Sub County in …