Business

Gaborone, Botswana | Xinhua | President Mokgweetsi Masisi of Botswana on Thursday said the southern African country continues to work tirelessly to improve exports to South Africa. Addressing the Botswana-South Africa Business Forum Roundtable held on the occasion of the 28th anniversary celebrations of the establishment of diplomatic relations between …

Absa Bank Uganda donates UGX. 60,000,000 to Uganda Red Cross to strengthen the disaster response capacities towards families affected by floods in Eastern Uganda Mbale, Uganda | THE INDEPENDENT | Absa Bank Uganda has today announced a donation worth Sh60 million to the Uganda Red Cross Society to cater for the …

Bushenyi, Uganda | THE INDEPENDENT | Timothy Musasizi Karubanga, an entrepreneur and Chief Executive of Tim Tech Consults, has called on youth in Greater Bushenyi district to embrace community service as a humble beginning to attaining success in business. Musasizi, an angel investor fellow also offered to finance at least five business …

  Kampala, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB) has launched the Enterprise Development Program aimed at preparing entrepreneurs for financing through enhanced business practices. The Enterprise Development Program will be a series of trainings under the country’s development finance institution’s Business Accelerator For Successful Entrepreneurship Program, conducted with …

| THE INDEPENDENT | Uganda Electricity Generation Company Ltd (UEGCL) has commissioned the newly constructed school facilities at Purongo Primary School and Diima Primary school in Nwoya and Kiryandongo Districts respectively. Nwoya and Kiryandongo are among the three districts besides Oyam hosting 600MW Karuma Hydropower Dam on River Nile. The …

It will boost manufacturing and bridge the funding gap to the sector that holds great potential for Uganda’s growth Kampala, Uganda | THE INDEPENDENT | Uganda’s commercial banks are planning to provide Shs1trillion in export credit facility to help local manufacturers boost their access to the regional markets. Sarah Arapta, …

Telecom giant, MTN Uganda, has let go of its long serving Chief Executive Officer, Wim Vanhelleputte, setting the pace for the first top leadership transition since the telecom was listed on the Uganda Securities Exchange. Kampala, Uganda | ISAAC KHISA | Vanhelleputte, who has overseen the growth of the telecom …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling continues to depreciate against the US dollar as both local and external factors exert pressure on the local and other emerging currency markets. For more than a week, the shilling has just stayed short of touching the 3,900 level against the dollar, amidst …

  Kampala, Uganda | THE INDEPENDENT | Housing Finance Bank has outlined several initiatives aimed at encouraging foreign direct investment from Ugandans living abroad, while still improving the livelihoods of the people at home. Peace K. Ayebazibwe, the Executive Director of Housing Finance Bank shared the bank’s vision on Thursday at …

  Beijing, China | THE INDEPENDENT |  Key parts of a modern drilling rig customized by CNOOC International for Uganda’s Kingfisher oilfield, has left the port of Yantai in China for East Africa. The most advanced Chinese oil drilling equipment in the world was shipped to Uganda after a brief ceremony last …