Lira, Uganda | THE INDEPENDENT | MT Meru Millers (U) Limited, in Lira, has been closed after 11 of its staff members tested positive for COVID-19. Located in Lira city East division, the factory deals in buying sunflower and Soya Beans directly from farmers and suppliers then process it into edible …
Read More »Ireda estate tenants protest eviction notices
Lira, Uganda | THE INDEPENDENT | The occupants of Ireda Housing Estate located in Lira City Central Division are protesting a directive by the district asking them to vacate. It follows a July 21st, 2020 letter authored by Lira Deputy Chief Administrative Officer directing all non- local government staffs occupying the …
Read More »US mission supports refugees, host communities to overcome COVID-19 effects
Kampala, Uganda | THE INDEPENDENT | The U.S. Mission to Uganda has extended additional aid worth USD 13.3 million (49.2 billion Shillings), to support activities in the refugee communities in the country. This assistance is a response to the joint United Nations appeal to address COVID-19 needs in Uganda. The World …
Read More »Role of Central Bank crucial in election process
Bank of Uganda should utilize its mandate to regulate spending during 2021 electoral processes COMMENT | Fred Kasalirwe | The recently concluded National Resistance Movement (NRM) primaries have seen massive monetization of the electoral processes with huge sums of money seen exchanging hands to influence voters’ decisions. If this is just …
Read More »BRAC secures $4.6m to extend cheap credit to businesswomen
The bank is targeting businesses that are hit hard by COVID-19 Kampala, Uganda | JULIUS BUSINGE | With the easing of the lockdown and slow recovery of the economy impacted by the Covid-19 pandemic, financial institutions are now looking at how to reboot businesses and put them back to their …
Read More »High business collapse trailing Uganda’s economy
Kampala, Uganda | THE INDEPENDENT | Knowledge gaps and the high costs of doing business remain a major hindrance to Uganda’s economic growth as most business enterprises started in the country do not survive beyond their first birthday. Ronnie Mulongo, manager Private Sector Foundation Uganda (PSFU) says that some entrepreneurs lack …
Read More »Queen Elizabeth Park communities to get share of Shs 1.5bn global conservation fund
Among winning projects is a community bee-keeping project in western Uganda Kampala, Uganda | RONALD MUSOKE | Frontline communities that live adjacent to Queen Elizabeth National Park are among the beneficiaries of a US$400,000 (Shs1.5bn) conservation grant meant to support wildlife-based tourism communities that have been devastated by the ongoing …
Read More »BATU marks 20 years on stock market
British American Tobacco Uganda, perhaps the country’s popular cigarette company on Sept.10, celebrated its 20th anniversary of its trading on the Uganda Securities Exchange. Kampala, Uganda | JULIUS BUSINGE | But the company has been in operation in the country for more than 90 years. Its share price has since …
Read More »Pressure mounts on lenders to cancel Uganda’s $8.5bn debt
The resources meant for debt payment should be channeled into strengthening health care, social protection and economic recovery Kampala, Uganda | ISAAC KHISA | As Ugandan government grapples with external debt repayment, leaving it with limited resources to fight the ravaging coronavirus pandemic and its related negative impacts, financial experts …
Read More »Shilling depreciates as economic activity picks
Kampala, Uganda | THE INDEPENDENT | The Uganda shilling has started losing its strength against the US Dollar in a reverse trend that had seen the local currency remain strong during and after the lockdown period. In a trend that surprised observers, the shilling held steady when diaspora remittances, offshore …
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