Business

Kampala, Uganda |  THE INDEPENDENT |  Members of Parliament have asked the government to reduce domestic borrowing as a means to finance the budget saying it will crowd out the private sector. The MPs were today meeting the Ministry of Finance and the Uganda Revenue Authority (URA) to consider two loan …

Kampala, Uganda | Julius Businge | Absa Bank Uganda and International Finance Corporation, a member of the World Bank Group, have partnered to train over 300 Ugandan small and medium-sized enterprises to help them assess business risks, adapt their business models, and navigate the difficult operating environment caused by COVID-19 pandemic. …

Kampala, Uganda |  THE INDEPENDENT |  A section of market vendors has written to Kampala Capital City Authority-KCCA Executive Director Dorothy Kisaka to expedite the repossession of markets by the government.   Last month, President Museveni directed that KCCA repossess all government markets, dissolve all conflicting leaderships and organize fresh elections. The …

Kumi, Uganda |  THE INDEPENDENT |  The Uganda National Roads Authority- UNRA has suspended ferry services on Lake Bisina following the increasing water levels.  The ferry that has been connecting Kumi to Katakwi District and Karamoja region across Lake Bisina stopped operations on Sunday following flooding at Omatenga and Kokorio landing …

Kampala, Uganda |  THE INDEPENDENT |  The Democratic Party-DP has asked the government to tighten the measures against human trafficking, saying many young Ugandans are likely to surrender themselves in the hands of traffickers because of the dire economic situation.   Government through the Gender, Labor and Social Development Ministry halted labour …

Kampala, Uganda |  THE INDEPENDENT | The Uganda National Bureau of Standards has released standards for the maize industry targeting millers and parkers, and warned processors who have no certification to cease operations. Uganda produces an estimated 2.5 million tons of maize, with exports worth between USD 120 and 150 million …

Kampala, Uganda |  THE INDEPENDENT |  Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system.  NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …

Economic experts warn that it is too early to celebrate the performance Kampala, Uganda | JULIUS BUSINGE | Uganda Revenue Authority has recorded a surplus in revenue collection for the first quarter of the Financial Year 2020/21 amidst the coronavirus pandemic but economic experts warn it is too early to …

Pader, Uganda |  THE INDEPENDENT | At least 2,500 people occupying six villages in Angagura Sub County in Pader District are facing eviction to pave way from the Aswa Hydroelectricity Project.  The affected villages include among others Burlobo with 716 people, Biira 380, Lubala 556, Koyo 360, Pungole 450 and Pabit …

Tororo, Uganda |  THE INDEPENDENT |  Police in Tororo district are holding 25 vendors who were arrested for allegedly staging illegal demonstrations in Tororo town. The vendors closed their lock ups in demands for the proper management of the park including payment of utilities, among others. The 25 vendors were arrested …