Business

Entebbe, Uganda | THE INDEPENDENT |  President Yoweri Museveni has likened himself to Pontius Pilate in the Bible, as he reluctantly agreed to the workers mid-term access to their saving in the National Social Security fund. He today directed the Minister for Gender, Labour and Social Development Betty Amongi to make …

Abidjan, Ivory Coast | THE INDEPENDENT |   The African Development Bank (AfDB), through its Financial Sector Development’s Trade Finance operations, has launched a Transaction Guarantee instrument designed to provide up to 100% cover for non-payment risk to regional and international banks, for trade transactions initiated by local banks in Africa. The …

Dozens of local firms are still demanding for payments from Juba for goods supplied more than a decade ago Kampala, Uganda | ISAAC KHISA | Africa’s newest state, South Sudan, has by-passed Uganda and signed a trade agreement with Malawi for the supply of grain and other agricultural commodities. This …

East African Breweries Limited (EABL) recorded 15% growth in revenue to Kshs86.0 billion for the year ended June 2021. | THE INDEPENDENT | Profit before tax was up 2% to Ksh10.9 billion. The slower profit growth rate was driven by the impact of cost inflation, adverse foreign exchange impact and …

The second wave of the pandemic pose downside risks to credit growth Kampala, Uganda | JULIUS BUSINGE | Banks have recently received more loan applications and extended more credit to borrowers amidst the coronavirus pandemic. This is good for jumpstarting the economy that has been hit by COVID-19 lockdowns. Till …

Fintechs present regulatory challenges as some technology providers are not domiciled locally Kampala, Uganda | ISAAC KHISA | Commercial banks should walk with clients in the development of different products to succeed, according to the Kenya’s Central Bank Governor, Patrick Njoroge. “Banks that have succeeded or that are succeeding are …

Masaka, Uganda | THE INDEPENDENT | The long-awaited plan for the rehabilitation of the Masaka-Kyotera-Mutukula road has been deferred as the government, awaits funding from the African Development Bank. The rehabilitation project will be funded by an AfDB grant under the NEPAD Infrastructure Project Preparation Facility (NEPAD-IPPF). According to Prime Minister Robinah …

Kampala, Uganda | THE INDEPENDENT | There is excitement among residents and traders in Kasubi, on the outskirts of Kampala in Lubaga division as construction of the Kasubi Junction takes shape. The work was initially supposed to  be undertaken as part of the Bakuli-Nakulabye-Kasubi Road reconstruction implemented under the Kampala …

Kampala, Uganda | THE INDEPENDENT | Arcades, shopping malls and the Kikuubo trading area are to open at least after a week , the minister of Kampala Hajati Minsa Kabanda has announced. Speaking to reporters at the Uganda Media Centre in Kampala, Kabanda who was flanked by the Minister of …

Adjumani, Uganda | THE INDEPENDENT | A Nation Media Group-NMG journalist in Moyo district is nursing wounds he sustained by police officers enforcing curfew on Thursday evening. Scovin Iceta, who reports for NTV and the Daily Monitor told URN on Friday that police officers in Adjumani roughed him up on Thursday …