Business

Kampala, Uganda | THE INDEPENDENT | Africa’s multi-lateral lender, African Export-Import Bank, has received a set of strong credit rating affirmations and “Positive” outlooks from Moody’s, Fitch Ratings, and GCR Ratings, underlining its resilient financial position and performance. The ratings reinforce the Bank’s access to capital at a competitive cost, ensuring …

Kampala, Uganda | THE INDEPENDENT | Records from the Traffic Department of the Uganda Police shows that most road accidents happen in December. Statistics of last year alone show 1,445 accidents were recorded in the 31 days of December translating into 46 accidents while 14 people died per day. Last …

Entebbe, Uganda | THE INDEPENDENT | Members of Parliament on the Covid-19 Taskforce have faulted the Ministry of Health for hiring private laboratories to test passengers arriving at Entebbe International Airport. On Saturday, the MPs visited the airport and met officials from the Uganda Civil Aviation Authority. In May, a covid-19 …

Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has cleared Kabira Country Club of 147 million Shillings water bill that was being demanded by the National Water and Sewerage Corporation. According to the judgment issued by the head of High Court Civil Division Justice Musa Ssekaana, the …

Dar, Tanzania | Xinhua  |  Preparations for a new master development plan aimed at improving and modernizing Tanzania’s congested commercial capital of Dar es Salaam has been completed, a senior official said Saturday. William Lukuvi, the minister for Lands, Housing and Human Settlements Development, said the new master plan will …

Trucks at the border town of Elegu. PHOTO URN Elegu, South Sudan | THE INDEPENDENT | Two Ugandan truck drivers have been shot dead and one injured in South Sudan. The incident occurred on Thursday in Nesitu, Jubek County in the Central Equatorial State about 120 kilometres to Nimule border …

Gulu, Uganda | THE INDEPENDENT | Gulu University has said that they are ready to conduct clinical trials for Covilyce-1, a herbal medicine. A clinical trial is a stage where experiments are conducted to obtain sufficient evidence that a drug can be considered effective as a medical treatment. Three weeks ago, …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards has reduced the cost of certifying a product, following continuous complaints from manufacturers. UNBS has also phased out some costs altogether including Initial Audit Fees of 250,000 Shillings and Surveillance Audit Fees of 250,000. Sylvia Kirabo, the Head …

Moroto, Uganda | THE INDEPENDENT | Maize growers in Kawalakol, Kapedo and Sangar Sub Counties in Karenga district are counting loses after herd of buffalos and another of elephants raided their gardens, destroying an estimated 180 acres of the crop in the past few days. The wildlife from the Kidepo …

Kampala, Uganda | Police at the Clock-Tower in Kampala is on the spot for extorting money from city dwellers who want to access the city centre. Due to the ongoing construction of the Kampala Fly Over project, barricades have been set up to control traffic flow at the site. This …