Kampala, Uganda | THE INDEPENDENT | The High Court in Kampala has dismissed with costs an application by Kampala businessman Patrick Bitature for a temporary injunction to restrain his creditors of M/s Vantage Mezzanine Fund II Partnership from selling, alienating, disposing of, taking possession, or any action against his properties. On May 18, The Daily Monitor newspaper advertised the sale by public …
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Nairobi, Kenya | Xinhua | The Russia-Ukraine conflict is hurting the performance of East Africa’s business community due to the rising prices of key commodities, the regional apex lobby said Tuesday. John Bosco Kalisa, the chief executive officer of the East African Business Council (EABC), told journalists in Nairobi, the capital …
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Kampala, Uganda | THE INDEPENDENT | ‘We must budget for compulsory primary school education and stop these greedy teachers from sending children back home’, President Yoweri Museveni has urged lawmakers. ( read full budget speech bottom) This was in his address to Parliament following the presentation of the 2022/2023 financial year budget …
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Kampala, Uganda | THE INDEPENDENT | The persistent high cost of fuel contributed to negative private sector activity in May with the Stanbic Headline Purchasing Managers Index (PMI) dropping to 51.5 from to 53.9 recorded in April—readings above 50.0 mean improvement in business conditions on the previous month while readings that …
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BUDGET summary 2022/23 ➡ Shs.48,130.7 billion ❇Domestic revenue: Shs.30,797.3 bn with Shs.23,754.9 bn as tax revenue & Shs.1,795.9 bn as non tax revenue. ❇ Domestic borrowing is Shs.5,007.9bn ❇ Budget support is Shs.2,609.2bn ❇External financing for projects amounts to Shs.6,716 bn of which Shs.4,625.7bn is from loans & Shs.2,090.5 bn …
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Air travel remains out of reach for the average Ugandan citizen. However, in an attempt to demystify the aero plane, Vilakazi Safaris, a local tour and travel company together with Uganda Airlines, wants to change all that by taking enthusiastic local travellers on one-hour joy tours around Uganda. One such …
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The banking industry except two credit institutions held strong capital buffers signalising increased resilience to potential shocks Kampala, Uganda | ISAAC KHISA | Uganda bank profits rose 27% in 2021 from the previous year as the economy partially recovered, but the industry’s future faces uncertainty due to the ongoing Russia-Ukraine …
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TotalEnergies has unveiled a biodiversity program in Tilenga development area Hoima, Uganda | ISAAC KHISA | TotalEnergies EP Uganda will ensure that all the different kinds of life in its project area is well protected amid the ongoing oil and gas developments in the country’s pristine environment, according to its …
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ANALYSIS | BAKER BATTE | On January 26 this year, President Yoweri Kaguta Museveni told a National Resistance Movement party gathering also attended by senior government officials gathered at Kololo Ceremonial grounds to mark 36 years ever since his party came to power, that Uganda will attain the lower middle-income …
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Hoima, Uganda | THE INDEPENDENT | Insurance is a vital aspect of society and investors in Uganda’s Oil and gas sector will require some form of insurance against unforeseen risks. As the oil and gas sector shifts into the development stage, some are predicting that the insurance sector will emerge …
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The Independent Uganda: You get the Truth we Pay the Price
