Kampala, Uganda | THE INDEPENDENT | The International Monetary Fund-IMF has slashed Uganda’s growth projection from 6.3% to 6% this year, citing the country’s challenges to get oil out of the ground and government’s inability to do all budgeted activities. After assessing the economy, the IMF said Uganda had challenges to …
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Kampala, Uganda | THE INDEPENDENT | Lilly Ajarova, the Chief Executive Officer of Uganda Tourism Board (UTB) has told delegates to the ongoing 2020 Pearl of Africa Tourism Expo (POATE) that Uganda is full of abundant tourism opportunities characterised by the richest tourism attractions portfolio, best value for money for investors …
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✳Forex earnings from tourism have grown by 22% over the last 5 years from $1.31 billion to $1.6 billion an average growth of 4% per year ✳The tourism sector in 2018, contributed Shs8.3trillion worth of GDP- equivalent of 7.7% of Uganda’s GDP ✳ Tourism created 670,000 jobs in 2018 (6.7% of total …
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Kampala, Uganda | THE INDEPENDENT | Uganda National Oil Company (UNOC) needs at least Three Trillion Shillings in capital to sufficiently carryout government business in the oil sector. Proscovia Nabbanja, the CEO of UNOC told reporters in Kampala on Wednesday that the money will be needed in a phased manner in …
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Washington, United States | AFP | The United States and Nigeria voiced hope Tuesday that President Donald Trump’s administration would soon lift onerous visa restrictions slapped on Africa’s most populous country, which said it was “blindsided” by its ally. On a previously scheduled visit to Washington, Nigerian Foreign Minister …
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Kitgum, Uganda | THE INDEPENDENT | The construction of roads and a bus terminal in Kitgum Municipality is set to start after the Ministry of Lands Housing and Urban Development finalized the procurement process for a consultancy firm. Kitgum Municipality is among the eight urban centres in the country that received …
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Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni dispatched a team of officials from the Foreign Affairs Ministry on Tuesday to make use of the stop over by his Guinea Bissau counterpart, Umaro Mokhtar Sissoco Embalo to discuss trade relations between Uganda and the West African nation. Embalo made a …
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Rental rates are expected to drop as supply exceed demand Kampala, Uganda | ISAAC KHISA | Rent for office space in prime locations in Kampala City has recorded a 10% decline as tenants opt for small space, latest data from property agency, Knight Frank shows. Rent has dropped to as …
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With one-third of the 2030 Agenda journey already complete, it is an opportune time to examine Africa’s progress on the Sustainable Development Goals (SDGs) so far as well as assess what adjustments to strategies are needed to overcome the remaining obstacles. The SDGs provide time-bound targets in key sectors—including health, …
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Executives hope that the future is bright as listed entities post profits Kampala, Uganda | JULIUS BUSINGE | Companies trading on the Uganda Securities Exchange have opened the New Year with poor performance. Umeme, Quality Chemical Industries Limited (CQCIL) shares have fallen below the Initial Public Offering (IPO) price. This …
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The Independent Uganda: You get the Truth we Pay the Price