Business

Uganda Clays Limited, the producer of baked clay building products, has recorded a drop in operating costs but losses increased for the second consecutive year, as it faced stiff competition in the construction sector amidst coronavirus pandemic. Kampala, Uganda | ISAAC KHISA | The company recorded a 6% reduction in …

Industry regulator says the future is bright amidst current COVID-19 pandemic Kampala, Uganda | JULIUS BUSINGE | Uganda’s retirement benefits sector recorded a 13.8% increase in assets to Shs13.2trillion for the year ended Dec. 2019, according to the Uganda Retirements Benefits Regulatory Authority’s performance latest report presented on Sept.02 in …

Buvuma, Uganda |  THE INDEPENDENT |  The new ferry at Buvuma plying between Kiyindi and Kirongo has reduced the number of passengers after two travelers testing positive to Covid-19 disease. The ferry was designed to carry 300 passengers on its upper and lower sections plus 12 small vehicles each per trip. …

Gulu, Uganda |  THE INDEPENDENT |  Floods have displaced more than 500 people in four villages of Pagik Parish, Paicho Sub-County in Gulu District. More than 600 acres of crop gardens have also been destroyed. The affected villages include Dwere; Bokeber, Bura and Ajanyi. The families have sought refuge in neighboring …

AfDB President survived several accusations including breaches of the bank’s code of ethics Kampala, Uganda | RONALD MUSOKE | Dr. Akinwumi Adesina will serve as president of the African Development Bank Group for another five-year term following his re-election by the Board of Governors on Aug.27. Dr Adesina, a former Nigerian …

  COMMENT | VIMAL KUMAR |  What is now very clear, is that in terms of digital innovation and progress, we have had to compress several years of evolution into a very short space of time as everyone has been forced to adapt to managing businesses remotely and the deployment …

Kampala, Uganda | THE INDEPENDENT | Uganda’s private sector continues to recover from the impact of the coronavirus pandemic (Covid-19) as business conditions improved in August after a near standstill of activities during the series of lockdowns between March and the end of May. The latest headline, Stanbic Purchase Managers …

   Retirement benefits sector marks improved efficiency, reduced operational costs Kampala, Uganda | THE INDEPENDENT | The retirements benefits sector is set to get a boost of close to 400,000 new members once the proposed Public Service Pension Scheme starts operating. The Uganda Retirement Benefits Regulatory Authority (URBRA) is optimistic the …

Kampala, Uganda | Khisa Isaac | Milk consumption in Uganda still remains low as compared with the world recommended level, according to the Dairy Development Authority data. The industry regulator’s data shows that although milk production in the country has increased from 2.08 billion litres in 2015 to about 2.5 billion in …

Nairobi, Kenya | XINHUA | The African Union (AU) is planning to put in place a guarantee scheme for micro, small and medium-sized enterprises (MSME) to speed up the continent’s economic transformation, an official said on Wednesday. Amine Idriss Adoume, director in charge of delivery program and coordination at the …