Business

| THE INDEPENDENT | Coca-Cola Beverages Africa’s through Century Bottling Company has introduced Sprite clear PET polyethylene terephthalate (PET) plastic bottle packaging in Uganda to enhance plastic collection and recycling. This becomes the 5th African market to introduce the Sprite clear PET, after South Africa, Nigeria, Ethiopia and Kenya. Melkamu …

Kampala, Uganda | THE INDEPENDENT | Sarah Arapta has been elected chairperson of Uganda Bankers’ Association (UBA) after their their annual general meeting in Kampala. She takes over from Mathias Katamba who served for two years 2020 and 2021. Arapta is the Chief Executive Officer of Citibank Uganda. As he handed over …

  Local firms in Uganda and Tanzania will be subcontracted to offer support | THE INDEPENDENT | French firm, Ballore Transport and Logistics, will be the Main Logistics Contractor (MLC) for the East African Crude Oil Pipeline (EACOP) project head of oil production in 2025. The firm said on May.09 …

Arua, Uganda | THE INDEPENDENT | More than 100 people mainly Boda Boda cyclists in West Nile sub region are in shock after failing to get motorcycles for which they made hefty deposits. Officials of Sky Motors Limited, the company they say they deposited money to get motorcycles, has vanished …

Nine out of the 26 commercial banks register a decline in profits in 2021 Kampala, Uganda | THE INDEPENDENT | Nine out of the 26 registered commercial banks in Uganda registered a decline in profits in 2021, compared to the previous year. Over the same period, eight banks registered a …

Africa is currently home to 136,000 millionaires, with their ranks on the rise. This is despite the continent’s total wealth dwindling over the past decade FEATURE | LEO KOMMINOTH | Africa’s share of millionaires grew by 8% between 2020 and 2021, according to a recent report by intelligence firm New …

| THE INDEPENDENT | Uganda government needs to carry out an audit to assess the impact of tax exemptions on Bujagali Hydropower Dam on the consumers prior to making any further extensions to minimise further revenue losses, according to civil society organisations. The CSOs under their umbrella organisation ‘The Tax …

Nairobi, Kenya | Xinhua | Kenya on Saturday began trial runs on the Chinese-built Nairobi expressway ahead of its commissioning in the next few weeks. James Macharia, the cabinet secretary of the Ministry of Transport, Infrastructure, Housing and Urban Development, said Saturday during a media briefing in Nairobi, the Kenyan …

Kampala, Uganda | THE INDEPENDENT | Economic justice activists are worried that the anticipated intentions of the Parish Development Model-PDM may not be fully realized if women are not allowed equal or even higher stakes in its implementation. The program is a new strategy designed to improve household incomes and …

Kampala, Uganda | THE INDEPENDENT | The Ministry of Works and Transport does not have adequate resources to verify the quality of fabricated or modified buses before they are licensed to transport Ugandans. The majority of buses on Ugandan roads are lorries or trucks whose chassis have been converted into …