Business

Future performance will depend on economic recovery speed Kampala, Uganda | ISAAC KHISA | Profits at dfcu bank has increased by 33% in the first half of the year as it benefited from the rebound in the economy and surge in activities. Listed on the Uganda Securities Exchange, the lender …

Omokolade Ajayi | BILLIONAIRES AFRICA | For an economy with a GDP of $37.4 billion, the Ugandan bourse is one of the most undervalued, with a marginal representation of local investors as high institutional ownership crowds them out of the market. Despite the fast growth of the local economy, the …

Kampala, Uganda | THE INDEPENDENT | The 12th edition of the CEO Summit will be held virtually on September 17th, 2021. The CEO Summit, the largest gathering of Uganda’s leaders and private sector decision-makers, will bring together 200 corporate sector leaders from the private sector, the civil society, and the public …

Proposal is good for the industry but a headache to investors, small players | THE INDEPENDENT | The central bank’s proposal to raise capital requirements for commercial banks is commendable but could threaten survival of small players, according to industry players and experts. Wilbrod Owor, the executive director at the …

Dar es Salaam, Tanzania | AIRSPACE AFRICA | Uganda Airlines is finalizing negotiations with Air Tanzania and Precision Air to seal interline partnerships and enhance collaboration within the region According to aviation website Airspace Africa  , the news was revealed by the Ugandan national carrier’s country manager for Tanzania, Lucy Ismail while …

Kampala, Uganda | THE INDEPENDENT | Kampala City Traders Associations say this will protest against the new tax policy on imported textile fabrics and garments. The traders say they are considering several actions to show displeasure over the textile tax, and also the failure by landlords to waive rent arrears …

Dar, Tanzania | Xinhua  | The United Nations Industrial Development Organization (UNIDO) has reaffirmed its support to industrialization drive in the East African Community (EAC) region, the EAC said in a statement on Saturday. The statement issued by the EAC headquarters in the northern city of Arusha said the reaffirmation …

Kayunga, Uganda | THE INDEPENDENT | State Minister for Works and Road Transport Musa Ecweru has given a two-month ultimatum to Omega Construction Company to complete construction of Sezibwa Bridge. The Ministry of Works and Transport contracted the Company in 2019 to tarmac a road and construct the bridge that …

Arua, Uganda | THE INDEPENDENT | Long-distance truck drivers have demanded the release of four bodies of their colleagues killed in South Sudan. Between July and August 2021, four truck drivers one Ugandan and three Kenyans delivering cargo goods to South Sudan’s capital, Juba were shot dead by unknown gunmen …

Kampala, Uganda | THE INDEPENDENT | Uganda has signed onto the Global World Postal Strategy that is aimed at reviving, sustaining and growing the postal sector, which is under pressure from the digital revolution.  The four-year strategy responds to the current market needs and sets out approaches on how the …