Looming project will promote financial inclusion and economic prosperity Kampala, Uganda | JULIUS BUSINGE | Financial institutions are carrying out a study to inform potential investors about the viability of doing business in refugee settlement areas and host communities. Equity Bank, Financial Sector Deepening Africa, Financial Sector Deepening Uganda and …
Read More »UN agency unveils $15m digital project
It is targeting one million people in key economy sectors Kampala, Uganda | JULIUS BUSINGE | Small and medium businesses in northern Uganda now have a big opportunity to exploit from a Shs57bn new project that aims to use information technology tools to offer services for the next five years. …
Read More »Musinguzi new URA boss, Atingo-Ego BOU deputy governor
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has appointed John Musinguzi Rujoki as new Uganda Revenue Authority Commissioner General and named Dr Michael Atingo-Ego Bank of Uganda deputy governor. Musinguzi has been presidential advisor on ICT and investment and board chairman of the National Information Technology Authority (NITA). He will replace …
Read More »MTN Uganda records 12.5% growth in revenue
The telco is said to have agreed to pay $100-million for the renewal of its operating licence Kampala, Uganda | ISAAC KHISA | A double digit growth in data and mobile money services helped MTN Uganda to record a 12.5% growth in revenue to Shs1.4trillion last year compared with 2018. …
Read More »Business hit hard as taxis are grounded in Luweero town
Luweero, Uganda | THE INDEPENDENT | Several traders and proprietors of restaurant in Luweero Taxi Park are crying foul following the ban on public transport. On Wednesday, President, Yoweri Museveni announced a 14-day travel ban on public transport to curtail the spread of Coronavirus disease (COVID-19) in the country. On Thursday, taxi …
Read More »KYAMBADDE: Police and LDUs should stop beating people
Kampala, Uganda | THE INDEPENDENT | The Minister of Trade, Industry and Cooperatives Amelia Kyambadde has said that shops that are not within markets should not be closed. She also warned Police and Local Defence Units (LDU) teams to stop beating people, and urged traffic officers to refer those …
Read More »COVID-19: World bank, IMF call for debt relief for poorer countries
Kampala, Uganda | THE INDEPENDENT | The World Bank and International Monetary Fund have called for the suspension of debt repayments for poorer countries as many of them turn to focus on battling the Coronavirus (COVID -19). In a joint statement on Wednesday night, the two multi-lateral lenders said the Coronavirus …
Read More »Centum Investment’s Midas touch
Centum, East Africa’s largest publicly listed investment firm, seems to turn everything it comes into contact with into gold. James Mworia, the company’s CEO, explains to African Business Magazine’s Tom Collins what gives it the Midas touch Founded in Nairobi in 1967, Centum Investment has evolved into East Africa’s leading …
Read More »National Oil Company starts petroleum bulk trading
Executives say they are in not to compete but to complement private sector investments Kampala, Uganda | JULIUS BUSINGE | Uganda National Oil Company Limited (UNOC) has started its bulk trading of petroleum products business countrywide. Under this trading, company executives say that they will import and sell petroleum products …
Read More »Uganda – EU trade ties
The EAC member state has presented opportunities to European investors Kampala, Uganda | JULIUS BUSINGE | Trade between Uganda and European Union has over the years been critical in terms of creating jobs and strengthening the economies for the two parties. This opportunity is expected to be sustained evidenced …
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