Business

Mbarara , Uganda |  THE INDEPENDENT |  Mbarara City authorities have lowered fees levied for the approval of building prototype plans in order to encourage more people to go through the formal procedure before constructing houses.  A plan of the two-roomed residential unit with a Kitchen or store will be charged …

Kapelebyong, Uganda |  THE INDEPENDENT |  Cattle traders in Kapelebyong are decrying losses resulting from the operations by the Uganda Peoples Defense Force- UPDF in Karamoja region.  The traders say that they have lost more than 200 million Shillings over the last three months as the army intensified its operations in …

  Kampala, Uganda | RONALD MUSOKE | The World Bank has approved US$15.2 million (Approx. Shs 57bn) to support Uganda’s efforts to prevent, detect, and respond to the COVID-19 pandemic as well as strengthen national systems for public health emergency preparedness under a new operation—the Uganda COVID-19 Response and Emergency …

Kitgum, Uganda |  THE INDEPENDENT |  A sizeable percentage of locals in Acholi Sub-region whose livelihood were affected by the lockdown directives issued by the government to contain COVID-19 have embraced farming as an alternative for sustaining their livelihood.   The government issued lockdown restrictions in March, a move that saw the …

Kampala, Uganda |  THE INDEPENDENT |  Uganda Clays Limited has announced a loss of 88 million Shillings for the 2019 calendar year, ending a short spell at returning profit.  The construction materials maker said today that its gross profit dropped drastically from a 1.9 billion Shilling profit recorded in 2018. The …

Wakiso, Uganda |  THE INDEPENDENT |  One person suspected to be the ringleader of a car theft racket in Nansana has been arrested. The suspect, identified as William Ssali alias George Byarugaba was arrested during an operation conducted by police officers along the Kampala Northern Bypass last evening.    Kampala Metropolitan …

Busia, Uganda |  THE INDEPENDENT |  Several sugarcane traders are stuck in Busia town following Kenya’s ban on the importation of sugarcane from Uganda. Kenya’s Agriculture Cabinet Secretary, Peter Munya recently announced a total ban on the importation of Sugar cane from Uganda, which took effect on Thursday last week. Over …

Kwania, Uganda |  THE INDEPENDENT |  Government has set 27 July as the date for resuming fishing activities on Lake Kyoga and Lake Kwania. In April 2019, the government suspended fishing following a request by Lake Kyoga Integrated Management Organisation (LAKIMO) following concerns of depletion of fish species due to poor …

Central bank’s move could reduce the industry’s profitability | THE INDEPENDENT | Uganda’s central bank has threatened to cap interest that commercial banks can charge borrowers following the industry’s failure to lower interest rates in response to the cuts in the Central Bank Rate, according to its governor, Emmanuel Tumusiime-Mutebile. …

Experts urge government to strengthen regulatory framework, review taxation and promote financial inclusion Kampala, Uganda | JULIUS BUSINGE | The use of digital technologies has potential to jumpstart the economy that has been battered by COVID-19 pandemic, according to the World Bank’s latest Economic Update for Uganda. The report, which …