Business

Kitgum, Uganda | THE INDEPENDENT | A Chinese firm, China Railway 18 Bureau Group Co Ltd has been approved as the contractor to undertake 2.9km road construction under Uganda Support to Municipal Infrastructure Project-USMID. This was after the contractor emerged as the best-evaluated bidder during a three weeks’ long evaluation exercise for …

Mbarara, Uganda | THE INDEPENDENT | Over 1,500 employees at Pearl Dairy Farms Lts have been laid off, almost a year after the company stopped exporting milk and milk products to Kenya. The yet unresolved trade Uganda-Kenya trade war, first in the dairy sector, and recently with maize, plus the effects …

Buvuma, Uganda | THE INDEPENDENT | New oil palm out growers who are just being introduced to the sector in Buvuma district are already discouraged as the lead investor has not helped or shown them how to prepare the ground where to planting the seedlings.However the nucleus estate to be used …

Kampala, Uganda |  Isaac Khisa |The second Intra-African Trade Fair (IATF2021) is now set to take place from Dec 8-14, 2021, it has been confirmed. The African Export-Import Bank, the African Union and the Rwanda government decided to shift the date of the continental trade fair, which was previously scheduled …

Kampala, Uganda | THE INDEPENDENT | The growth of Uganda’s economy in the short term is threatened by the effects of the COVID-19 pandemic, the hovering threat of the desert locusts in the region as well as uncertain weather conditions. The Bank of Uganda expects the economy to grow by at …

Businesses and consumers that went digital helped mitigate the economic downturn caused by the pandemic Kampala, Uganda | THE INDEPENDENT | Amid slowing economic activity, Covid-19 led to a surge in e-commerce and accelerated digital transformation. As lockdowns became the new normal, businesses and consumers increasingly went digital, providing and purchasing …

  Long-term capital ensures long-life for the business Kampala, Uganda | THE INDEPENDENT | Financial experts have blamed the collapse of many companies over the last one year to the kind of capital that most of them use to run their activities. According to the Capital Markets Authority-CMA, the most common …

Stanbic continues to support clients as the economy recovers Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda (SBU) has paid out a total of Sh110 billion to its shareholders for financial year 2019, continuing a long track record of returning consistently positive earnings despite prevailing challenges. At the peak of …

  Kampala, Uganda | THE INDEPENDENT | Agnes Namyalo Mayanja has been appointed Executive Director for KCB Bank Uganda Limited. As the Executive Director, she will deputize and support the Bank’s Managing Director in the overall strategy formulation and implementation of astute leadership and management in line with the Bank’s …

Kampala, Uganda | Julius Businge | Airtel Africa, a telecommunications and mobile money services provider has announced the signing of an agreement under which The Rise Fund, the global impact investing platform of leading alternative investment firm TPG, will invest US$200million in Airtel Mobile Commerce BV (“AMC BV”), it said on …