Thursday , November 14 2024

Business

Business news

UEDCL seeks $3.1million to expand pole plant

Plan will support government’s development targets relating to electricity distribution countrywide Kampala, Uganda | JULIUS BUSINGE | Uganda Electricity Distribution Company Limited is seeking US$3.1million (approx. Shs11billion) to start construction of its mega pole production plant in Wakiso District. Paul Mwesigwa, the managing director for UEDCL said on Aug.17 that …

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Otuke farmers counting losses after hailstorm

Otuke, Uganda |  THE INDEPENDENT Hailstorm has left a trail of destruction in Ogwete and Olilim Sub counties in Otuke district. The hailstorm followed heavy rains that pounded the two sub counties over the weekend raving the entire Iooro Village in Olilim Sub County and Akadodek, Imatoigwokoto, Apengere, Tedam, Olilim and …

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Cipla Quality Chemicals in sh4.6b expansion move

Kampala, Uganda | THE INDEPENDENT | Drugs maker Cipla Quality Chemicals Limited (CiplaQCi) has announced that it has paid 4.7 billion Shillings to acquire what they described as the Human Care Business assets of Quality Chemicals Limited. According to Nevin Bradford, the executive director of Cipla Quality Chemicals Limited, the …

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Gunfire rocks Mbarara over Barya building

Mbarara, Uganda | THE INDEPENDENT | Gunfire rocked Mbarara City on Sunday afternoon as employees of Barya Stint Hardware rose up in protest against the attachment of Barya Building along Akiiki Nyabongo Road by Orient bank. Led by the sons of Apollo Muhumuza Barya, the Proprietor Barya Building, the employees …

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Deal sealed to promote Uganda as a film and tourist destination

Kampala, Uganda | THE INDEPENDENT |  Uganda Tourism Board (UTB) and Uganda Communications Commission (UCC) have signed a Memorandum of Understanding to jointly promote “Destination Uganda” as a premier film and tourist destination. The MoU enjoins the two parties to collaborate and jointly market Destination Uganda, and to improve Uganda’s brand …

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Rwanda targets Chinese coffee consumers

  Kigali, Rwanda | XINHUA |  Rwanda’s investment authority said Friday that it expects to raise more awareness of Rwandan coffee among Chinese consumers as coffee export to China is on the rise. The rise is being achieved through online sales with popular celebrities as livestreaming hosts on Chinese social …

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Small banks pay higher interest to savers

Kampala, Uganda | THE INDEPENDENT | Saving with a smaller bank earns you a better return than you would get with glamorous bigger banks, analysis of the latest Bank of Uganda data compilation shows. The data which shows what the banks pay you and charge you shows that commercial banks outside …

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