Business

Kampala, Uganda | Julius Businge | Kafeero Foundation, a social enterprise organization will hold the inaugural annual Power the Next event at Kampala Serena Hotel on Nov 16. The event will showcase Uganda’s progress in implementing Africa’s fourth industrial revolution. The event organized under the theme “Connecting Business to Capital” will bring …

Masaka, Uganda | THE INDEPENDENT  |  Masaka Elders Savings and Credit Cooperative Society – SACCO Limited has lost at least 399.7 million shillings to fraud, a special financial audit has revealed. An audit report by Felbright and Company auditors read before the SACCO’s special general meeting convened in Masaka has revealed …

Despite concerns about profitability, Uber is continuing to expand in Africa and remains firmly committed to the market. General manager Alon Lits explains the e-hailing firm’s strategy to African Business Magazine’s David Thomas  As one of the highest-profile and most valuable tech IPOs in years, Uber’s May debut on the …

Nyagatare, Rwanda | THE INDEPENDENT  |  The bodies of two Ugandan nationals who were shot dead by Rwandan security operatives will repatriated for decent burial on Tuesday.  John Bosco Tuhirirwe and Job Byarushaga, both residents of Kamwezi Sub-county were shot dead by Rwandan security at Tabarwe sector in Nyagatare district in …

  Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni and Felix Antoine Tshisekedi Tshilombo, the President of the Democratic Republic of Congo (DRC), have pledged to work together on joint projects that will provide jobs, facilitate trade, social welfare and security in the region. This will include the construction of …

What is in for clients, government when fuel price is going up? Kampala, Uganda | JULIUS BUSINGE | Vivo Energy, the company that distributes and markets Shell and Engen branded fuels and lubricants to retail and commercial customers in Africa   has expanded its countrywide network by adding 16 new service …

Kampala, Uganda | THE INDEPENDENT  | Ngomoromo market in Lokung sub-county, Lamwo district remains unoccupied six years after it was commissioned. The market located at Uganda-South Sudan border was constructed in 2012 by Lamwo district local government at a tune of 52 million shillings with funding from the World Bank …

Bunyagabu, Uganda | THE INDEPENDENT  |  Small scale agro-processors in Bunyangabu District are struggling to operate. They cite lack of advanced machinery, lack of storage facilities, poor road network, high cost of production and insufficient capital, as the major challenges. Deo Musiga, the proprietor of Buka Foods Cottage Limited in Kibiito …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged African countries to promote trade as one of the strategies that will ensure the survival of the continent and the prosperity of the people. “Today, Africans must know that trade is a matter of survival. If you don’t trade, …

Kampala, Uganda | THE INDEPENDENT  |  Ugandans and companies buying insurance policies will likely pay higher premiums after insurance companies discovered widespread fraud by hospitals and some customers in the medical insurance side. The increased premium cost is a direct impact of fraud in insurance with insurers moving to cover that …