Business

Local employer lobby extends translation and supervisory skills services to the investors Kampala, Uganda | RONALD MUSOKE | For two decades now, hundreds of Chinese investors have flocked into Uganda to establish businesses but amongst the biggest challenges the Southeast Asian entrepreneurs often grapple with is “culture shock,” according to …

Kampala, Uganda | THE INDEPENDENT |  The newly upgraded Stanbic Bank Uganda contactless Visa card that was launched in Kampala today, will make it easier, safer, and faster for customers to transact, and completely remove the need to withdraw or handle cash. The new card will have the latest technological applications that …

Tough times ahead as miscalculated spending, political activities and coronavirus threaten fast recovery of economic activities  Kampala, Uganda | JULIUS BUSINGE | Uganda’s economy has been on a recovery path following the easing of COVID-19 pandemic lockdown restrictions, but the uncertainty surrounding the upcoming general elections is the latest concern, economists …

Number of investors almost reach 1, 000 in just three years of business  Kampala, Uganda | JULIUS BUSINGE | XENO Investment Management Limited has reported a Shs8bn as assets under its management for the year ended December 2019, signaling a growing interest in equity investments among the population. Aeko Ongodia, …

But the firm’s overall Africa operations had its net profit fall by 36% to $145m Kampala, Uganda | ISAAC KHISA | Bharti Airtel operations in East Africa have recorded a 14% growth in revenue to US$659million for the six months ending Sept. 30, citing an increase in subscribers. The firm’s …

  Lord Mayor reacts on President’s repossession directive Kampala, Uganda | Patricia Akankwatsa |  Capital City Authority (KCCA) Lord Mayor Elias Lukwago says wrangles over management of city the markets will not be a success unless the government approves a proper policy on markets in the country. Lukwago was reacting to …

Kampala, Uganda |  THE INDEPENDENT |   There is a looming fall in maize prices amidst an expected good harvest this season due to good rains. But, the market remains subdued according to both farmers and exporters due to increasing preference of raw grain by the regional markets. Uganda’s smallholder farmers …

Kabale, Uganda |  THE INDEPENDENT |  The Uganda National Roads Authority- UNRA has started repairing a section of the Kabale-Kisoro road in Hamurwa sub-county, Rubanda district. The section at Hakagyezi which measures half a kilometre caused a public uproar after the users accused UNRA of keeping a deaf ear about the …

Moyo, Uganda |  THE INDEPENDENT | Ferry services between Laropi in Moyo and Umi in Adjumani districts are threatened by increasing water levels, which have since submerged the docking piers and Uganda National Roads Authority-UNRA offices adjacent to the landing site.  Several passengers travelling from Adjumani to Moyo were reportedly stranded …

Ntungamo, Uganda |  THE INDEPENDENT |  Members of the Natural Resources Committee of Parliament have questioned continued power interruptions in the country in contrast to uninterrupted power exports. The MPs who were on a field trip to Western Uganda to ascertain the level of electricity penetration in the area,  expressed the …