Business

When local hopes are dashed by global realities Kampala, Uganda | AIDEN BARLOW | Rising international commodity prices can shape or reshape the fortunes of places. When large mining and oil and gas prospectors suddenly show an interest, a remote area can become a resource frontier a place that’s far from …

Instagram, Twitter and Facebook are replacing  word-of-mouth recommendations for Millennials Kampala, Uganda | RONALD MUSOKE | Millions of Millennials and GenZ-ers are increasingly turning to social media platforms such as Instagram, Twitter and Facebook to choose their next travel destination, replacing “word-of-worth” recommendations. According to the 2023 Global Travel Trends Report published …

    Kampala, Uganda | THE INDEPENDENT  | Nile Special has been recognized as the ‘most admired Ugandan brand’ in the alcoholic beverages’ category as well as one of the top 10 brands doing good for people, society, and the environment in the country. These recognitions were during the 13th …

Kampala, Uganda | THE INDEPENDENT  | CFAO Motors has showcased its products at Kampala Auto Show 2023 July 15 – 16th at Kololo Independence grounds in Kampala. As one of the main sponsors of the Kampala Auto Show, CFAO Motors took center stage by displaying vehicles and motorcycles, including renowned brands …

Kampala, Uganda | THE INDEPENDENT | Business and political leaders in Wakiso, together with   Uganda Development Bank (UDB), have identified the district’s investment potential and discussed sustainable projects that will drive economic growth. The leaders met at  a one-day investment conference held at Peniel Beach Hotel in Entebbe, under the theme “Harnessing …

Kampala, Uganda | THE INDEPENDENT | PostBank Uganda in partnership with MTN Uganda has launched “Wendi,” a mobile wallet platform designed to support the government in the seamless disbursement of Parish Development Model funds. The platform powered by PostBank strategically pivots on the group savings and funds management, digital money savings, …

Freight Forwarders to meet to talk resilience, adaptability, and diversity in global supply chains Kampala, Uganda | THE INDEPENDENT |  The Uganda Freight Forwarders Association (UFFA) in partnership with the International Federation of Freight Forwarders Associations (FIATA), will host the RAME2023 – an international conference that brings together freight logistics stakeholders …

Kampala, Uganda | THE INDEPENDENT | Uganda’s central bank hopes to strengthen the country’s financial sector by leveraging on the revised minimum capital requirements. The Bank of Uganda said in a statement on July 06 that it is confident that the attainment and maintenance of the revised minimum capital by financial …

Kabale, Uganda | THE INDEPENDENT | Raphael Magyezi, the Local Government Minister, has ordered the arrest of some officials and a fresh allocation of lockups and stalls in Kabale’s new central market. Magyezi made this announcement during a meeting with disgruntled vendors while presenting the findings of an investigative committee …

African governments are stepping up efforts to boost domestic resource mobilization Kampala, Uganda | RONALDMUSOKE | Tax authorities in several African countries were able to recoup up to US$1.9 billion in tax revenues in 2022, thanks to the implementation of information exchange mechanisms, rigorous offshore investigations and voluntary disclosures, according to …