Business

Stanbic, Coca-Cola, Nice House of Plastics sign plastics deal Kampala, Uganda | JULIUS BUSINGE | Faced with the undeniable consequences of a toxic tide of plastics, three private firms have entered into a partnership to recycle plastic waste. Stanbic Bank, Cola-Cola Beverages Africa and Nice House of Plastics on July.22 signed a …

Kampala, Uganda |  THE INDEPENDENT |  Banking institutions in May restructured loans worth Shillings 2.5trillion as more businesses and individuals applied to have their loan repayments halted due to disruptions by corona virus-COVID-19. This is more than the Shillings 2 trillion that were restructured in April 2020. Wilbrod Owor, the Executive …

There exists a mismatch between available skills and the job market | THE INDEPENDENT | The Mastercard Foundation has unveiled a Young Africa Works strategy in Uganda to enable more than 3 million young people in the country access dignified work opportunities by 2030, according to its President and CEO, Reeta Roy. …

Beijing, China | XINHUA | China’s recent acceleration in business reforms has helped the country become the top reformer among large economies, according to a report issued by the World Bank. Figures presented in the Doing Business 2020 report, the latest in a series of annual reports by the World …

Nairobi, Kenya | XINHUA | The African Continental Free Trade Area (AfCFTA) could boost the continent’s income by 450 billion U.S. dollars if fully implemented, says a World Bank report released on Monday evening. According to the report, the pan African trade pact would significantly boost continental trade, particularly intraregional …

Kampala, Uganda |  THE INDEPENDENT |  Controversy is surrounding the government’s grant to the Uganda North America Association (UNAA). UNAA is an umbrella of Ugandans living and working in the United States of America. The government gives UNAA USD100, 000 (368m shillings) every year with half of this money meant to …

The hotel’s growth has been balanced between green field projects and take-overs Kampala, Uganda | RONALD MUSOKE | Radisson Hotel Group is keenly eyeing the Ugandan market as it ramps up expansion across the African continent. Ramsay Rankoussi, Radisson Hotel Group’s Vice President in charge of development (Africa and Turkey) …

Kampala, Uganda |  THE INDEPENDENT |  As the final deadline for radio owners to submit new license applications draws closer, the Uganda communications Commission -UCC has issued a warning that there wouldn’t be leniency for any stakeholder who will fail to heed to the call to apply for new licenses. Ibrahim …

Tracing illicit products to source is required to safeguard the legitimate tobacco industry, company executives say Kampala, Uganda | JULIUS BUSINGE | British American Tobacco Uganda (BAT Uganda) shareholders on July.23 approved Shs15.7billion or Shs320 per share as the final dividend for the year ended December 31, 2019. The dividend …

Masaka, Uganda |  THE INDEPENDENT |  Artisanal miners involved in the extraction of construction materials in Masaka district are opposed to the proposed regulatory framework that seeks to introduce direct taxes on sector players.    Government, through the Mining and Mineral Amendment bill 2019 intends to take over ownership of all high …