Business

Kampala, Uganda | THE INDEPENDENT  |  Traders dealing in sportswear are reaping big from the on-going East African Inter-parliamentary games.  The games have attracted MPs and staff of national parliaments of Uganda, Burundi, Tanzania and Kenya plus the East African Legislative Assembly-EALA.  They will run from December 7th- 18th, 2019. At the …

  Kampala, Uganda | RONALD MUSOKE | Following a series of high-level meetings with President Yoweri Museveni and local business executives, Momar Nguer who recently led a business delegation of top French executives to Uganda declared the mission a success. The 25-member delegation recently traveled to Kampala under their MEDEF …

Kampala, Uganda | THE INDEPENDENT  |  Delegates from Rwanda will meet their Kampala counterparts at Speak Resort Munyonyo today to deliberate on the re-opening of the border between both countries.  The Kampala meeting, which was supposed to be held in October and then pushed to November but was cancelled at last …

Kampala, Uganda | THE INDEPENDENT & AFP |  Rwanda’s Minister of State for Foreign Affairs Olivier Nduhungirehe will lead a high level delegation to Uganda today for a second meeting to discuss the implementation of the Memorandum of Understanding signed in Angola in August. This second meeting that aims at easing …

Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited has secured a $70m (Ushs .258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the syndicate including Stanbic Bank Uganda Limited, Standard Chartered Bank and the …

Pharmaceutical firm hopes to recover in second half of the year Kampala, Uganda | ISAAC KHISA | Cipla Quality Chemicals Industries Ltd has recorded a decline in profit since it was listed on the Uganda Securities Exchange a year ago but its managers are now pinning its growth prospects on …

Kampala, Uganda | THE INDEPENDENT | The Acting Executive Director of Kampala Capital City Authority Engineer Andrew Kitaka has said plans are underway to fully rehabilitate more than 65km of the city’s roads because it’s no longer economical to maintain them under their age. Eng. Kitaka on Wednesday toured a couple of …

Kampala, Uganda | THE INDEPENDENT  |  Samuel Omoit, 28, is a pioneer beneficiary of the skills development program under Support to Skilling Uganda (SSU) in Karamoja. He received vocational skills at Nakapiripirit Technical Institute in 2016 under Support to Skilling Uganda, which is jointly implemented by government and Enabel, a development …

Kampala, Uganda | JULIUS BUSINGE | In the past few days social media has been awash with pictures of currency notes with political messages written on by suspected supporters of President Yoweri Museveni and Kyadondo East Member of Parliament, Robert Kyagulanyi (Bobi Wine). The notes in question are of Uganda …

Kampala, Uganda | THE INDEPENDENT  |  Uganda must now reserve money to pay for generated but unconsumed power for the next five years, The Secretary to the Treasury Keith Muhakanizi has said. Muhakanizi told diplomats and economists at an IMF organised meeting at Sheraton Kampala on Monday evening that Uganda – …