Business

Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda-BATU has reported a revenue shortfall in the first six months of 2020 due to disruptions by the coronavirus pandemic. In its financial statement issued on Wednesday, BATU says its gross revenue fell by 12 percent as a result of low …

Arua, Uganda |  THE INDEPENDENT |  Atiak Out growers’ Cooperative Society Limited has cried foul for unpaid sugar cane seeds worth over 300 million cut from their plantations. The cane seed were cut by Atiak Sugar Industry with approval from the National Agriculture Advisory Services-NAADS during the first planting season in …

Serere, Uganda |  THE INDEPENDENT |  The government has lifted a ban on fishing in Lake Kyoga after months of a fishing holiday. Fishing activities were suspended in January 2020 in the districts of Serere, Kaberamaido and Soroti, while areas of Amolatar, Nakasongola and other districts had taken more than 14 …

Stanbic, Coca-Cola, Nice House of Plastics sign plastics deal Kampala, Uganda | JULIUS BUSINGE | Faced with the undeniable consequences of a toxic tide of plastics, three private firms have entered into a partnership to recycle plastic waste. Stanbic Bank, Cola-Cola Beverages Africa and Nice House of Plastics on July.22 signed a …

Kampala, Uganda |  THE INDEPENDENT |  Banking institutions in May restructured loans worth Shillings 2.5trillion as more businesses and individuals applied to have their loan repayments halted due to disruptions by corona virus-COVID-19. This is more than the Shillings 2 trillion that were restructured in April 2020. Wilbrod Owor, the Executive …

There exists a mismatch between available skills and the job market | THE INDEPENDENT | The Mastercard Foundation has unveiled a Young Africa Works strategy in Uganda to enable more than 3 million young people in the country access dignified work opportunities by 2030, according to its President and CEO, Reeta Roy. …

Beijing, China | XINHUA | China’s recent acceleration in business reforms has helped the country become the top reformer among large economies, according to a report issued by the World Bank. Figures presented in the Doing Business 2020 report, the latest in a series of annual reports by the World …

Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …

Kampala, Uganda |  THE INDEPENDENT |  Controversy is surrounding the government’s grant to the Uganda North America Association (UNAA). UNAA is an umbrella of Ugandans living and working in the United States of America. The government gives UNAA USD100, 000 (368m shillings) every year with half of this money meant to …

The hotel’s growth has been balanced between green field projects and take-overs Kampala, Uganda | RONALD MUSOKE | Radisson Hotel Group is keenly eyeing the Ugandan market as it ramps up expansion across the African continent. Ramsay Rankoussi, Radisson Hotel Group’s Vice President in charge of development (Africa and Turkey) …