Business

Masaka, Uganda |  THE INDEPENDENT |  Masaka city council has received Uganda Shillings 60 billion additional funding for another phase of Uganda Support to Municipal infrastructure Development (USMID). The development was announced by the Masaka city mayor, Godfrey Kayemba, while addressing the media at his office on Friday. Kayemba says that …

  Kampala, Uganda | THE INDEPENDENT | Entrepreneurs and prospective investors in Uganda are getting more concerned about long bureaucratic procedures in dealing with government, than they are concerned with corruption or bribery, according to a survey. The procedures involved when an investor wants to start up a business in Uganda, …

Kampala, Uganda |  THE INDEPENDENT |  National Social Security Fund- NSSF wants the laws governing its investments amended to allow the fund to lend money to local governments.  This comes after the local government officials and a UN official called for the empowerment of local governments to negotiate their loans and …

Napak, Uganda |  THE INDEPENDENT |  The introduction of a new farming technology has provided hope to the Karimojong, thanks to National Semi – Arid Resources Research Institute Serere (NaSARRI).  For the first time, farmers in Karamoja are expecting a bumper harvest in November/December after planting seeds past May, which is …

A growing demand for carrying out transactions conveniently and the need for 24-7 services means that more customers are now enjoying a greater sense of freedom. David Twinamasiko, Senior Manager Alternate Channels at Housing Finance Bank spoke to The Independent about the bank’s digital agenda. What is your assessment of …

A jump in cost of sales, administrative expenses largely to blame for the bad performance Kampala, Uganda | JULIUS BUSINGE | Shareholders of Cipla Quality Chemical Industries Limited will again wait to receive dividends after their company reporting Shs16bn net loss for the first six months ended Sept.30 compared to …

They are designed to mitigate increased pressure on local social infrastructure, social services, livelihoods and natural resources Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Generation Company Limited has commissioned the 183MW Isimba Hydropower Station Community Development Action Program (CDAP) Phase I works that commenced in December, 2018, in Kayunga …

Kampala, Uganda |  THE INDEPENDENT |  Sugar companies from Busoga sub-region are seeking Parliament’s intervention in the fight against ‘unfair’ competition from ‘sugar bonds’ which has frustrated local manufacturers. While meeting Speaker Rebecca Kadaga today, the managing directors of sugar companies revealed that sugar bonds which were earlier banned by President …

Kampala, Uganda |  THE INDEPENDENT |  The Minister of State for Microfinance Haruna Kasolo has criticized the manner in which Kampala Capital City Authority – KCCA law enforcement officers deal with street vendors.  KCCA law enforcement officers are known for brutally arresting vendors and confiscating their merchandise. In 2017, a street vendor Olivia …

Kampala, Uganda |  THE INDEPENDENT |  The ministry of local government is proposing local revenue authorities for local governments, hoping that this will enable districts and cities to raise the revenues they need to sustain their budgets. Currently, the districts are limited on how much taxes they can establish and most …