Business

Kampala, Uganda | THE INDEPENDENT | The COVID-19 pandemic has set in motion the largest drop in global energy investment in history with spending expected to plunge in every major sector this year – from fossil fuels to renewables and efficiency – the International Energy Agency said in a new …

Kampala, Uganda | THE INDEPENDENT | Pan-African lender, United Bank for Africa joined countries on the African continent to celebrate the African Day. Formally the African Freedom Day and African Liberation Day, Africa Day, is commemorated on May.25 annually as a foundation for the formation of the Organisation of African Unity …

Kampala, Uganda |  THE INDEPENDENT | President Yoweri Museveni has said that part of the 1.9 trillion shillings loan obtained from the International Monetary Fund (IMF) will be injected in the Uganda Development Bank (UDB), to enhance the country’s production capacity.  While commissioning the Lida Packaging products, a manufacturing company that …

Private sector present various stimulus packages to government on how kick-start business activities back to normal growth curve Kampala, Uganda | ISAAC KHISA | Life is slowly returning to normalcy in Uganda’s towns save for those that lie on the borders with neighbouring countries. Shops and restaurants are back to …

London, United Kingdom | AFP | Further easing of countries’ coronavirus lockdowns pushed equities higher Tuesday, with optimism stoked by the reopening of bars, cafes, pools and beaches outweighing China-US tensions that hurt the dollar. While countries including Brazil, Chile and Russia are enduring rising death and infection tolls from COVID-19, …

Nairobi, Kenya | THE INDEPENDENT |  The Board of Directors of Equity Group Holdings Plc, the largest bank on the Nairobi Securities Exchange by market capitalization, has withdrawn its recommendation of a Ksh. 9.5 billion ($88 million) dividend payout to its shareholders. According to a statement, Equity states that “the …

Kasese, Uganda |  THE INDEPENDENT |  The ban on public transport has hit hard coffee factories and farmers in Kasese District. Farmers in hard to reach areas are finding a huge challenge to transport their coffee beans to factories. Eric Katengo, a coffee farmer in Kalingwe in Kisinga Sub County, says …

Lamwo, Uganda |  THE INDEPENDENT |  Palabek Kal Sub County leaders in Lamwo District have closed down offices of Pader- Abim Community Multi-Purpose Electric Co-operative Society Limited [PACMECS]. This follows protests staged on Friday by more than 200 local businessmen and residents who accused the cooperative society of failing to ensure …

Kampala, Uganda | THE INDEPENDENT | Thugs took advantage of the mandatory wearing of face masks to rob sh300 million from three workers of Amal Forex Bureau in Kisenyi, Kampala. As a result, Closed Circuit Television – CCTV security cameras could not swiftly identify facial features of the suspects. Kampala …

Kampala, Uganda | THE INDEPENDENT | Telecom giants MTN Uganda and Airtel have announced they will be re-instating their charges on sending money ending the suspension that was meant to make it easy for users to go through the lockdown. During the last two months of the lockdown, customers were …