Business

However, delays in project execution, limited resources, red tape in contract approvals remains big concerns Kampala, Uganda | JULIUS BUSINGE | Uganda’s private sector has welcomed the government’s decision to significantly increase the budget allocation for the mineral development and oil and gas sub-sectors but has voiced concerns over implementation. In …

Kampala, Uganda | THE INDEPENDENT | Headline inflation for June 2024 of 3.9 percent compared to the 3.6 percent registered in the year ended May 2024. The high inflation has resulted into the increase in prices of tilapia fish, dry soap, and chicken according to the Uganda Bureau of Statistics (UBOS) …

Johannesburg, South Africa | THE INDEPENDENT | Absa Group Ltd, one of the largest diversified financial service providers in Africa, has concluded further agreements with the Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, freeing up additional financial capacity for investments in Pan-African climate finance projects. …

Kampala, Uganda | THE INDEPENDENT | Stanbic Uganda Holdings limited (SUHL) becomes the latest to launch a Unit Trust in country, with its success poised to leverage on financial group’s large clientele. This comes just after the total assets under management by Collective Investment Schemes hit 2.8 trillion shillings as of …

Kampala, Uganda | THE INDEPENDENT | The World Bank has given Uganda’s economy a positive midterm outlook but forecasts slower growth rates than the government projections. According to the 23rd Edition of the Uganda Economic Update, the economy will grow by 6.2 percent next financial year and improve further to 6.6 …

Uganda’s coffee industry has made a significant breakthrough in the Turkish market, with exports increasing by a remarkable 2,200% between 2019 and 2024. Ankara, Turkey | THE INDEPENDENT |  From a modest 2000 bags (120 tons) in 2019, Uganda’s coffee exports to Turkey have surged to 44,000 bags (2,640 tons) …

Kalangala, Uganda | THE INDEPENDENT | Over 380 students at Bishop Dunstan Nsubuga Memorial School on Bugala Island in Kalangala District are set to benefit from enhanced access to digital learning, thanks to a generous support of 20 computers by MTN Uganda staff and its partners. This initiative, valued at …

Lira, Uganda | THE INDEPENDENT | The northern city of Lira was abuzz Wednesday afternoon as many business owners flocked to attend the TUPANGE business forum organised by Equity Bank Uganda Ltd. The Tupange engangement targets Small and Medium Enterprises (SMEs), with an aim of sharing tips on business growth, financial assistance, and …

  Kampala, Uganda | THE INDEPENDENT | The Institute of Certified Public Accountants Uganda (ICPAU), the Capital Markets Authority (CMA), the Uganda Securities Exchange (USE), and Vision Group have announced the 14th edition of the Financial Reporting (FiRe) Awards. The theme is Promoting Excellence in Corporate Reporting: Disclosing ESG Performance …

Kampala, Uganda | THE INDEPENDENT |  Raising awareness and educating the public about available savings options is crucial for fostering a savings culture in the country, according to Kumar Sumit Gaurav, the Chief Executive Officer of Jubilee Life. Gaurav made these remarks during the launch of the company’s Smart Save …