Business

Government executives fail to provide viable options to lower interest rates as experts propose initiatives Kampala, Uganda | JULIUS BUSINGE | Uganda government’s over-reliance on borrowing from the local market is the main reason behind the high interest rates. This was the general assessment that stakeholders during a seminar held …

Kitgum, Uganda |  THE INDEPENDENT | Kitgum District has kicked off assessment of all Savings and Credit Cooperative Societies- Saccos formed to benefit from Emyooga programme, a presidential initiative on wealth and job creation. This comes as government disbursed 1.6 Billion shillings through the Microfinance Support Center to facilitate Emyooga programme …

Mukono, Uganda |  THE INDEPENDENT | Retired Anglican clergy in Mukono will not have to wait until the age of 80 years to start earning the 25,000 stipend for the elderly from the government.  Bishop James William Ssebaggala has taken a revolutionary step by enrolling them on the payroll from which they …

Kampala, Uganda |  THE INDEPENDENT | Engineer Paul Isaac Musasizi is tipped to appear in the top 50 people chosen from around the world for their unique and excellence in innovative ideas, by Bloomberg, the renowned business media. But Musasizi, the Chief Executive Officer of Kiira Motor Corporation, says this achievement …

Kampala, Uganda |  THE INDEPENDENT | The Minister for Energy and Mineral Development Goretti Kitutu has asked companies involved in the electricity sector to work reduce the cost of power.  The minister notes that the tariffs have remained high because the costs of doing business were high which made it hard …

Kampala, Uganda |  THE INDEPENDENT |  The government has extended the contract of Face Technologies that is mandated to issue driving permits.   On Tuesday, the Ministry of Works and Transport said that all its regional driving permits issuance offices at Jinja, Mbale Gulu, Arua, Fort Portal and Mbarara would be closed …

Nairobi, Kenya | Xinhua | African governments should leverage capital, technology and manpower from industry to hasten realization of sustainability agenda and pandemic recovery in the continent, a senior UN official said on Thursday. Amina J. Mohammed, UN Deputy secretary-general, said that targeted investments from Africa’s indigenous businesses are required to …

Kampala, Uganda |  THE INDEPENDENT |  Manufacturers have asked the Government to institute tough measures against EAC states that continue to block imports from Uganda. Under their umbrella body, Uganda Manufacturers Association- UMA, they note that the continued blockade of Ugandan goods from entering the Kenyan market is a violation of …

Ham Serunjogi’s Chipper Cash targets expansion across Africa | THE INDEPENDENT | African fintech startup Chipper Cash is once again in the money markets news; this time for securing a US$30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal venture capital …

Kampala, Uganda |  THE INDEPENDENT | Kampala Capital City Authority-KCCA has promised to unveil the newly refurbished Old taxi park before the festive season.  Eng. David Luymbazi, KCCA Deputy Executive Director told URN that they are very optimistic that the contractor will complete the work a week towards Christmas.   “We have …