Business

Kampala, Uganda |  THE INDEPENDENT | The Kingdom of Tooro has signed a Memorandum of Understanding-MoU with Uganda Industrial Research Institute- UIRI to establish an industrial research institute and specialized industrial park in Tooro. The park, valued at USD 100 million (366 billion Shillings), will be named the King Oyo Science, …

Gulu, Uganda | THE INDEPENDENT | At least 200 Boda-boda cyclists in Acholi and Lango sub regions are crying foul after allegedly being defrauded more than Sh100 million by a one Easy Boda-Boda Company Ltd in Koro Sub-County in Omoro District. The aggrieved cyclists allege that prior to the lockdown …

Pay-as-you-go off-grid solar energy is bringing electricity to millions across Africa. Ian Lewis reports Falling costs and improved sales networks mean that small-scale solar power for households or micro-businesses is taking off across Africa. Crucially, this is fast becoming a self-sustaining sector that can generate its own revenues, and allowing numerous companies of …

As COVID-19 lockdown measures hit agriculture, construction and industry Kampala, Uganda | JULIUS BUSINGE | For the first time since February, the headline Stanbic Bank Purchasing Managers’ Index (PMI) crossed into positive territory recording a reading of 50.3 during July, up from 46.5 in June. This is a significant recovery …

Market executives anticipate good performance as COVID-19 threat is minimized Kampala, Uganda | JULIUS BUSINGE | Trading in the second quarter of 2020 at the Uganda Securities Exchange registered a tremendous decline as  Uganda’s  equity  markets  continued  to  feel  the  impact  of  COVID-19  pandemic, according to the quarterly bulletin for …

Johannesburg, South Africa | XINHUA | The African Union Development Agency (AUDA-NEPAD) on Tuesday launched a program to help Africa’s Micro, Small and Medium Enterprises (MSMEs) to adapt business operations in the era of the COVID-19 pandemic. AUDA-NEPAD, in partnership with Ecobank Group, launched the MSME Academy which will give …

Kampala, Uganda | THE INDEPENDENT | Dozens of small businesses around educational institutions have been hit by the lockdown because of the absence of students who form the bulk of their customer base. The government ordered all learning institutions to close on March 20, 2020, as part of the measures …

Gulu, Uganda |  THE INDEPENDENT | The Acholi Paramount Chief Rwot David Onen Acana II has decried inadequate funding which is hindering operations of the Chiefdom. Some building projects of the institution at its headquarters in West Division of Gulu City are on a standstill.  The chiefdom’s programs to conduct sensitization …

Gulu, Uganda |  THE INDEPENDENT | Authorities in Gulu have said they are struggling to attract commercial flights at Gulu airport due to negative perceptions about the facility by the business community. Located, about three kilometres north-west of the Central Business District of Gulu, the largest metropolitan area in Acholi sub-region, …

Uganda is yet to approve the multi-trillion shilling deal involving Total E&P and Tullow Oil since the two firms announced their planned transaction, three months ago. Kampala, Uganda | RONALD MUSOKE | In a statement delivered via a webinar during the national content supplier workshop on Aug.5, Total E&P Uganda …