Thursday , November 14 2024

Business

Business news

Rescue packages not working – SMES

Kampala, Uganda |  THE INDEPENDENT | The rescue package that was announced by governments around the world to help Small Scale Enterprises-SMEs to recover from the effects of the global COVID-19 pandemic is yet to have a tangible impact on the sector.  The pandemic compelled governments to shut down their economies …

Read More »

Uncertainty over polls takes toll on Ugandan traders

Kampala, Uganda |  THE INDEPENDENT | City traders are torn between closing their during the election period or staying on to make a little more money amid uncertainties as to how the next few weeks will be. Many are convinced that there will be violence in the city as some people might …

Read More »

City bus operators cheating commuters despite abandoning SOPs

Kampala, Uganda |  THE INDEPENDENT | Some bus operators within the Kampala suburbs are still charging high transport fares despite abandoning the Standard Operating Procedures-SOPs issued by the Health Ministry to halt the transmission of the coronavirus. The transport fares doubled after Ministry of health directed transporters to carry half of …

Read More »

Over 1,000 traders desert Busia charcoal market

Busia, Uganda |  THE INDEPENDENT | Over 1,000 traders have deserted the newly gazetted charcoal market in Sofia village, Eastern division of Busia Municipality. On August 16, 2020, Busia district authorities allocated 2.9-acres of land that was hosting Sofia Market to the Ministry of Health for the expansion of the Port …

Read More »

IMF projects China’s economy to grow by 7.9% this year

  Washington, US | XINHUA |  China’s economy is projected to expand by 7.9 percent in 2021 following 1.9 percent growth in 2020, as economic activity continues to normalize and domestic COVID-19 outbreaks remain under control, the International Monetary Fund (IMF) said Friday. “The Chinese economy continues its fast recovery …

Read More »