Business

  Can the African Continental Free Trade Area succeed where previous free-trade initiatives have failed? Dianna Games weighs up the issues. Africa heads into a historic year in which the long-awaited African Continental Free Trade Area (AfCFTA) finally becomes a reality, with trading under the scheme scheduled to begin on 1 …

Kampala, Uganda | THE INDEPENDENT | Many Ugandans are stuck with poor quality jobs, a fix that has seen them work longer hours but with falling earnings, a World Bank report has revealed. The report shows that due to poor quality jobs, value-added is very low even when people work. The report …

Kampala, Uganda | THE INDEPENDENT | Uganda’s economy needs to gradually create more jobs for its fast-growing and youth population. To accelerate economic growth and drive transformation, these jobs will need to bring higher labor productivity, says a new World Bank report launched today. The report, “Uganda: Jobs Strategy for Inclusive Growth,” …

ERA CEO says they must up their game on standards, safety and human resource Kampala, Uganda | JULIUS BUSINGE | At least 130 firms have been cleared to provide services in the energy sector following approval from the industry regulator, Electricity Regulatory Authority. This means that the firms will now …

Kampala, Uganda | THE INDEPENDENT | A financial expert has praised Uganda’s currency stability, thanks to attractive interest rates on government securities and easy access of foreign currency. Eva Othieno Wanjiku, the Africa Strategist for Standard Chartered Bank, said they expected the Ugandan currency to lose more value in June …

Huge taxes will continue to water down dividends Kampala, Uganda | ISAAC KHISA | Have you ever imagined running a company that hands over a huge chunk of its revenue to government as tax compared to shareholders’ dividends? This is the situation that managers at the British American Tobacco Uganda …

  Masaka, Uganda | THE INDEPENDENT | Greater Masaka Coffee Farmers’ Cooperative has ventured into coffee roasting to promoting the indigenous cash crop and improve their incomes. Coffee roasting, encompasses a heat process that turns green coffee beans into fragrant, dark brown beans. After roasting, the crunchy beans are then …

Kampala, Uganda  | THE INDEPENDENT |  More than 2,000 delegates are expected to attend the G77+China summit that is to be held at the Common Wealth Resort Hotel Munyonyo between April 17-19.  The G77 is the largest intergovernmental organization of developing countries in the United Nations, used as a platform to …

  Kampala, Uganda | THE INDEPENDENT | Prime Minister Dr Ruhakana Rugunda has said that building of the Kampala-Jinja Expressway remains a key government priority and is on agenda for the upcoming cabinet meeting scheduled for Monday 24 February 2020. Rugunda reassured Speaker of Parliament Rebecca Kadaga who raised the …

Jinja, Uganda  | THE INDEPENDENT |  Kakira Sugar Works is underfire from sugarcane farmers from Busoga Sub region for allegedly issuing supplier permits to politicians at their expense. According to the farmers, the factory reduced their supplier permits from 1000 in January 2019 to 400 by December last year. The farmers …