Business

  Kampala, Uganda | THE INDEPENDENT | Life has not been the same for renowned Ugandan actor and comedian Richard Tuwangye aka Amoosi since the nationwide lockdown was announced in March 2020. The arts and creative sector from which Tuwangye makes a living was among the hardest hit. With social distancing …

  Kampala, Uganda | THE INDEPENDENT | Nominations for the Ugandan 2020 top Chief Finance Officer (CFO) award has started and will be open until November 20, 2020. The awards are organized annually since 2017 by ACCA (the Association of Chartered Certified Accountants) in partnership with Deloitte (Uganda) Limited. It is open …

Kampala, Uganda |  THE INDEPENDENT |  The Uganda National Roads Authority (UNRA) will soon purchase four portable bridges for emergency situations. According to UNRA Six billion shillings has been set aside to purchase the four metallic portable bridges within the next nine months. They are metallic, 40-meter-long portable bridges that are …

Kampala, Uganda | THE INDEPENDENT | On-demand delivery app, Glovo, has launched its operations in Kampala as part of its market expansion strategy. This is the second market in East Africa following Kenya in 2018. The firm has two more operations on the African continent including Morocco. Glovo is a …

Kampala, Uganda |  THE INDEPENDENT | The Central Bank has rejected the Government’s plan to borrow up to 4.3 trillion Shillings from the domestic market to fund the supplementary budget expenditure of 6.5 trillion Shillings.  The matter came up when officials from BoU, the Private Sector Foundation and Uganda Bankers Association …

Reforms cover public debt, interest rates, taxation and public spending Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella organization Civil Society Budget Advocacy Group (CSBAG) have presented a list of budget proposals to government that they think can jumpstart the economy that has …

The insurer is enhancing automation, product innovation and pushing for asset restructuring to drive profitability Kampala, Uganda | JULIUS BUSINGE | Uganda’s oldest insurance firm, NIC Holdings Ltd, plans to ride on new technologies and product innovations to sustain profit growth. Flanked by two other top executives for the company, …

Kampala, Uganda |  THE INDEPENDENT |  The Court of Appeal will make a judgment on Monday, November 2 to determine whether Diamond Trust Bank, DTB, refunds an equivalent of Sh120 billion shillings to businessman Hamis Kiggundu. The ruling will also shed more light as to whether the loans Kiggundu took …

Kampala, Uganda | THE INDEPENDENT | BCW (Burson Cohn & Wolfe), was named Global Agency of the Year at PRovoke Media’s 2020 Global SABRE Awards ceremony, which was held virtually on October 21. The global communications agency, a partner to brainchild BCW in Uganda, was praised for its innovative new client offerings, attracting …

Govt’s green light to Total raises its stake to 66.66% Kampala, Uganda | RONALD MUSOKE | French oil firm, Total, will become the biggest shareholder in Uganda’s oil project following the government’s approval of the sale of Tullow’s 33.33% stake of its Ugandan assets at US$ 575 million (Approx. Shs …