Business

Kampala, Uganda |  THE INDEPENDENT |  Xsabo Group says they plan to build another three projects, which will bring the number to five plants with a total installed capacity of 150 MW, worth a total investment of 735 Billion Shillings. The company received funding for the Mubende project worth 63 …

However, the stakeholder sensitization will be key to the success of the exercise Kampala, Uganda | ISAAC KHISA | Uganda is set to rollout the second round of grading and classification of hotels and other tourism facilities to boost their competitiveness in the east African region. Lily Ajarova, the Chief …

Kampala, Uganda |  THE INDEPENDENT |  The Ministry of Defense and Veterans Affairs is seeking up to sh6.3 trillion to finance its budget for financial year 2021/2022. This was revealed by the Minister for Defense and Veterans Affairs Adolf Mwesige who said that Government has failed to raise Uganda shillings …

Come to us for credit support, dfcu bosses tell road sector players Kampala, Uganda | JULIUS BUSINGE | Road contractors should consider partnering with financial institutions to increase their chances of winning while bidding for big projects, according to dfcu Bank Executive Director and Chief Commercial Officer, William Sekabembe. “We …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda has launched an end-to-end digitalized trading platform dubbed “Quantum Trade” to enable its customers access import letters of credit and domestic guarantees quickly within few hours, it said on April 06. The online platform will facilitate trade and allow customers receive …

    Kampala, Uganda | THE INDEPENDENT |  Kyadondo East Member of Parliament Robert Kyagulanyi Ssentamu has lost his bid to block Uganda Revenue Authority (URA) from recalling his vehicle for a reassessment. His application was dismissed on Tuesday by the Deputy Head of High Court Civil Division Judge Emmanuel Baguma. …

Electricity consumers in Bundibugyo and Ntoroko districts want power distributor to meet their expectations Kampala, Uganda | JULIUS BUSINGE | Imlan Lutaaya, 24, the proprietor of Kuteesa Metal Works, a six months old welding startup, located in Nyahuka Town Council, Bundibugyo District has his eyes on the new power distributor …

Covid-19 has impacted on sales, but many big industry players remain confident of prospects ahead Alcohol is increasingly big business in Africa, but when Covid-19 struck, governments across the continent closed down bars and breweries to halt the spread of the disease in social environments and free up hospital rooms …

  Banking executives expect the industry to rebound citing projected growth in the economy Kampala, Uganda | ISAAC KHISA | 2020 was a tough year in almost all fronts: public health, production, new orders, employment, and demand, among others. The once growing economy contracted and interest rates took a deep …

Wellington, New Zealand | XINHUA |  New Zealand’s successful management of COVID-19 pandemic means quarantine-free travel between New Zealand and Australia will start on April 19, Prime Minister Jacinda Ardern announced Tuesday. The conditions for starting to open up quarantine free travel with Australia have been met, Ardern told a …