Business

Kampala, Uganda | THE INDEPENDENT | The High Court Civil Division has rejected findings and recommendations of the Parliamentary committee on Commissions, Statutory Authorities and State Enterprises (COSASE) that people who benefited from the SH 6 billion presidential oil handshake refund the money. The committee, which was led by Bugweri legislator …

Kampala, Uganda  | THE INDEPENDENT | The U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. The partnership will ensure that businesses are equipped …

Nwoya, Uganda  | THE INDEPENDENT |  Nwoya has become the latest District in Acholi sub region to report an existence of the crop-devouring desert locusts, albeit on a small scale.  The deadly insects were randomly sighted in Got Lunyang and Aol ki Lyec villages in Lutuk Parish, Kochgoma Sub County; Obira …

Kampala, Uganda  | THE INDEPENDENT |  Traders who import most of their goods from China say they have been unable to send money for goods or fly to China as most factories supplying them are closed due to the outbreak of the coronavirus. This will likely have an impact on the …

Mbarara, Uganda | THE INDEPENDENT | Mbarara veterinary authorities have disposed of more than 1000 kilograms of pork because of African swine fever. The pork was impounded from Pork Slaughter House in Kekombe in Kakoba Division on Wednesday. Dr. Moses Amanyire, the Veterinary Officer Mbarara Municipality, says the impounded pork was found …

Kampala, Uganda | THE INDEPENDENT |  The World Bank has today released the 14th Uganda Economic Update which has focused on social protection systems in Uganda and proposes a more effective approach to reduce vulnerability and to support more inclusive growth. The report indicates that the coverage and design of social …

Ugandans may not have as much money as they would in their pockets in the coming 2-years due to delays to have the first oil, according to Standard Chartered Bank expert analysis. Kampala, Uganda | JULIUS BUSINGE | In the outlook for the EAC three big economies – Uganda, Kenya …

But it must promote exports, manage debt and collect more tax Kampala, Uganda | JULIUS BUSINGE | The 2019 Absa Africa Financial Market Index Report for Uganda released on Jan.28 in Kampala has some good news. The index, which evaluates financial market development in 20 countries, shows that Uganda remains …

Dubai, United Arab Emirates | AFP | The coronavirus crisis, which has already battered oil prices, threatens to further undercut Gulf economies battling a downturn and struggling to wean themselves from a decades-old energy addiction. The six Gulf states — Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates …

Kampala, Uganda  | THE INDEPENDENT |  Parliament has granted leave to Workers MP Margaret Rwabushaija to introduce the establishment and management of markets bill, 2019 that will allow individuals to own and set up markets. Rwabushaija says the current Markets Act places the vital question of ownership of land and …