Wednesday , November 13 2024

Business

Business news

Arua city halts revenue collection in taxi parks

Arua, Uganda |  THE INDEPENDENT | There was chaos on Thursday at the two taxi parks of Lobidra and Abattoir in Arua Central Division after law enforcement officers and police stopped a tenderer from collecting revenue.  Taxi touts and vendors abandoned their business as security personnel enforced a directive issued by …

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Government, bankers appeal for foreign rescue

Kampala, Uganda |  THE INDEPENDENT | Uganda’s banking sector is appealing to the global lending community to come to the rescue of Uganda’s economy where the local lenders are finding it hard to reach in the quest to revive the economy.  The commercial banks admit that some sectors of the economy …

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Air travelers exempted from curfew restrictions

Kampala, Uganda |  THE INDEPENDENT | Entebbe Deputy Resident District Commissioner Njuki Mbabali says that incoming and outgoing passengers will be exempted from night curfew restrictions if their flights fall within the curfew hours. Uganda maintains a nighttime curfew running from 9 pm to 5:30 a. m, as one of the …

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Armed thugs Rob UGX 16m from Kakumiro businesswoman

Kakumiro, Uganda |  THE INDEPENDENT | Armed Thugs have robbed 16 million  Shillings from a businesswoman in Kuhuna Trading Centre in  Kakumiro district. It is alleged that six thugs, armed with a gun, last night raided a shop owned by one Margret Basemera, 49, and held her at gunpoint before ordering …

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Kitgum municipality to receive UGX 1 billion bonus USMID fund

Kitgum, Uganda |  THE INDEPENDENT | Kitgum Municipal Council is expected to receive an additional 1 billion Shillings from the government to boost infrastructural works under Uganda Support to Municipal Infrastructural Development [USMID] programme. This comes after Kitgum was ranked the best among 21 other municipalities on the performance measures under …

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Entebbe airport reopens with 12 flights on day one

Kampala, Uganda |  THE INDEPENDENT |  Entebbe International Airport will receive 12 commercial passenger flights today, October 1, 2020, the first day of reopening the airport, after a six months lull. The incoming flights include Turkish, RwandAir, Ethiopian Airlines, Emirates, Tarco Air and FlyDubai, among others.  The airport was partially closed …

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Fishermen in Amolatar decry low fish catch

Amolatar, Uganda |  THE INDEPENDENT |  Fishermen in Kampala landing site, Amolatar District are counting loses despite the resumption of fishing on Lake Kyoga.  Last month, fishing resumed on Lake Kyoga after the ban which was imposed by the government to enable the upgrade of fishing gears and materials like boats …

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Gandhi centre project delay, bank loan interest Anger Migereko

Kampala, Uganda |  THE INDEPENDENT |  The Uganda Tourism Board is yet to utilize an offer from India for the construction of the Mahatma Gandhi Heritage Centre.  The donation was announced when the Prime Minister of India Narendra Modi visited Uganda in 2018, in commemoration of the Asian country’s 150th-anniversary celebrations. …

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Germany targets Africa for trade, investment

Germany-Africa Business Forum (GABF) offers opportunities for cross-border collaboration Kampala, Uganda | THE INDEPENDENT | Investment and business climate, available workforce and access to markets, and transport, energy and technological infrastructure are the key success factors to drive Africa’s development. Günter Nooke, the Africa Envoy to German Chancellor Angela Merkel, …

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