Business

Kampala, Uganda | THE INDEPENDENT | The government is still banking on the wealth creation program dubbed Emyooga to tame the adverse effects of the COVID-19 pandemic on the economy this financial year. According to the Ministry’s economic performance for July, the COVID-19 pandemic continues to have a significant bearing …

Tororo, Uganda | THE INDEPENDENT | Vendors in Tororo who have missed out on stalls in the new market are angry, and have protested to municipal officials. Allocation of stalls in the new market ended on Wednesday, but more than 1,000 vendors realized that their names had been deleted from …

Lwengo, Uganda | THE INDEPENDENT | Cases of multiple borrowing and dishonesty have been identified as major frustrations in the effective management of the Emyooga, a presidential initiative aimed at wealth and job creation. The scheme was launched in 2019 to enhance the entrepreneurial capacity of selected enterprises and groups …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Health (MOH) has lifted the travel ban on travelers from India. Health Minister Dr Jane Ruth Aceng told a news conference on Friday that the country has now been placed under category 2, down from category 1 countries, implying that travellers …

Growth in profit after tax of 98% ($163.5 million) Total Assets growth of 50% Growth in Deposits of 51% ($7.4 billion) Growth in Net Loans of 29% ($4.6billion) Nairobi, Kenya | THE INDEPENDENT |  Equity Group Holdings Plc has announced a 98% growth in half year profits to $163.5 million (Kshs.17.9 …

Stakeholder engagement with governments to support the youths should be a component of every programme | THE INDEPENDENT | Young people in sub-Saharan Africa have keen interest in agriculture especially with the use of technology but are hampered with numerous challenges including limited access to land, skills set, sustainable financing …

Oil, agriculture and BoU to determine the recovery path, executives say Kampala, Uganda | THE INDEPENDENT | Economic recovery in the coming years will largely depend on oil and gas, agriculture and Bank of Uganda’s monetary policy decisions, according to Absa Bank Uganda executives. Speaking via a recent virtual conference …

Says private sector credit growth remains subdued driven largely by low demand Kampala, Uganda | JULIUS BUSINGE | Bank of Uganda’s decision to keep the central bank rate unchanged at 6.5% in the next three months has sent a signal to the market that Covid-19 containment measures are still a …

Who are the winners and losers? ANALYSIS | THE INDEPENDENT | The second wave of COVID-19 appears to have hit the economy severely and dimmed prospects for a quick recovery, according to the latest Bank of Uganda monetary Policy Statement for August 2021. The statement is the first major economic …

Jinja, Uganda | THE INDEPENDENT | The National Drug Authority (NDA) has arrested and charged two people for allegedly Impersonating as NDA staff and three for dealing in illegal sell and smuggling of drugs. Officials of NDA also impounded assorted drugs worth shillings 130 million from private pharmacies and clinics in …