Business

  Kampala, Uganda | THE INDEPENDENT | More financial institutions are coping with the new regulations that were introduced to strengthen the sector. These include the increase in the minimum working capital requirements for commercial banks from sh25 to 120 billion by December 2022 and sh150 billion by June 2024. …

The new technology is meant to minimize pollution and conserve the environment Kampala, Uganda | THE INDEPENDENT | Uganda’s manufacturers are ready to invest in the emerging E-Mobility sub-sector but the government’s inconsistency in investment policies will derail progress, according to the Uganda Manufacturers Association Chairman, Deo Kayemba. Kayemba, who spoke …

Kampala, Uganda | THE INDEPENDENT | GOtv has announced the introduction of GOtv Supa+, a tailored package that will see die-hard fans watch their loved players as the 2023/24 premier league season kick-off on Aug.12. In a media release, company executives said, subscribers have a superb opportunity to connect, subscribe and …

Kampala, Uganda | THE INDEPENDENT | Uganda is losing billions of shillings in betting due to untested, uninspected, and unverified machines being used by betting companies, the National Lotteries and Gaming Regulatory Board has conceded. While Section 4 of the Lotteries and Gaming Act of 2016, mandates the  National Lotteries and Gaming Regulatory …

Kampala, Uganda | THE INDEPENDENT | MPs are concerned that government has identified a company to manage the lucrative national lottery without regulations in place. This follows the revelation by the Ag. Chief Executive Officer (CEO) of the Lotteries and Gaming Regulatory Board, Denis Ngabirano, of the successful firm (not …

Gulu, Uganda | THE INDEPENDENT | Gulu City Council authorities have turned selected streets within the busy city centre to become one-way traffic routes for motorists. The move which had been approved by the city council in the 2022/23 Financial year seeks to ease and regulate the flow of traffic …

Kampala, Uganda | THE INDEPENDENT & URN  |  Minister for ICT and National Guidance Chris Baryomunsi has announced a 50% reduction in the price of the internet. “I’m delighted to announce that effective today 1st of August 2023 the Price of the Internet has reduced from $70 to $35 per Mbps …

Kampala, Uganda | THE INDEPENDENT | The total value of the companies listed on the Uganda Securities Exchange (USE) dropped by 10.5 percent in the last quarter of this year (April-June) mainly due to the turmoil in Kenya, according to the Capital Markets Authority (CMA). The total market capitalization decreased …

UNWTO data shows international arrivals across Africa are back to 88% of pre-pandemic levels Kampala, Uganda | RONALD MUSOKE |Following the COVID-19 pandemic crisis that left the tourism industry across the continent on the brink of collapse, the sector is said to be on the rebound, according to the United …

  Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has activated the first 5G site at Bulange in Mengo to boost connectivity and digital inclusion in Uganda. In February this year, Airtel Uganda conducted tests on 11 4G sites in Kampala after applying for a spectrum to Uganda Communications Commission to …