Business

Jinja, Uganda |  THE INDEPENDENT |  Traders from Jinja Central Market are demonstrating against the presence of street vendors outside the market.  The traders say that they no longer receive clients as customers prefer to purchase items outside the market. They also accuse Jinja city authorities of failing to block operations …

The new technology extends relief to insurers to curb industry fraud Kampala, Uganda | ISAAC KHISA | For many years, Uganda’s insurance firms have failed to grow the Motor Third Party Insurance business amidst a surge in the number of vehicles on the roads as a section of motorists resorted …

Kampala, Uganda |  THE INDEPENDENT |  I&M Holdings Limited, the owners of I&M Bank Kenya, have announced that they have reached an agreement to buy 90 per cent of Orient Bank Limited Uganda. According to a letter to shareholders, I&M Holdings announces that; “I&M Holdings Plc agreed with shareholders of Orient …

Jinja, Uganda |  THE INDEPENDENT |  The Uganda Sugar Manufacturers’ Association is displeased over delays in implementation of the recently enacted sugar act. The act was signed by the President in April, after four years of push and pull between the executive and the legislature.   The Sugar Act seeks to provide …

Kampala, Uganda |  THE INDEPENDENT |  The  Uganda Railways Corporation (URC) has said the passenger train services will probably resume in early September as the entity establishes standard operating procedures. Since it halted operations in March this year, the Corporation said that it was still studying the possibility of resuming operations …

New York, US | XINHUA | Wall Street’s major averages posted mixed results during the past week as investors digested a slew of earnings reports while weighing the impact of surging coronavirus infections. For the week ending Friday, the Dow gained 2.3 percent, the S&P 500 rose 1.3 percent, and …

Kampala, Uganda |  THE INDEPENDENT |  The uncertainties surrounding the February 2021 polls could slow Uganda’s recovery from the battering by coronavirus as investors withhold investments until after the polls. According to Standard Chartered Bank’s country briefing, there is an expected increase in spending in the run-up to 2021 which should …

Mbarara , Uganda |  THE INDEPENDENT |  Mbarara City authorities have lowered fees levied for the approval of building prototype plans in order to encourage more people to go through the formal procedure before constructing houses.  A plan of the two-roomed residential unit with a Kitchen or store will be charged …

Kapelebyong, Uganda |  THE INDEPENDENT |  Cattle traders in Kapelebyong are decrying losses resulting from the operations by the Uganda Peoples Defense Force- UPDF in Karamoja region.  The traders say that they have lost more than 200 million Shillings over the last three months as the army intensified its operations in …

  Kampala, Uganda | RONALD MUSOKE | The World Bank has approved US$15.2 million (Approx. Shs 57bn) to support Uganda’s efforts to prevent, detect, and respond to the COVID-19 pandemic as well as strengthen national systems for public health emergency preparedness under a new operation—the Uganda COVID-19 Response and Emergency …