Business

Bududa, Uganda |  THE INDEPENDENT  |  The prices of seeds have shot up in Bududa district as the planting season draws closer. The most affected are maize and bean seeds. A kilogram of untreated maize seeds now costs Shillings 1800 from Shillings 1200.   A sachet of 2 kilograms of treated maize …

This comes at the time construction activities are slow due to sluggish economic growth Kampala, Uganda | JULIUS BUSINGE | The construction sector seems to be picking up as coronavirus slows down, with the sector-players now rolling out new products to the market. Uganda Baati Limited, the maker of building …

Amuru, Uganda |  THE INDEPENDENT  |  Amuru district authorities plan to construct irrigation schemes and water dams along the banks of River Unyama to mitigate persistent flooding of Elegu Township along the Uganda-South Sudan border.     Elegu Town suffers devastating floods, which displaces hundreds of people whenever River Unyama bursts its …

Kampala, Uganda |  THE INDEPENDENT  |  Domestic Borrowing by the government is creating a class of lazy investors, according to the Uganda Debt Network-UDN. Domestic Borrowing is done through the issuance of securities like treasury bills, which are short term debt instruments with tenures ranging from 91, 182 and 364 days …

The government takes a huge chunk of revenues as taxes to reduce tobacco smoking Kampala, Uganda | THE INDEPENDENT | British American Tobacco Uganda has defied the effects of coronavirus pandemic to record a 27% surge in net profit to Shs19.9bn for the year ended December 2020. BATU will now …

Kampala, Uganda | THE INDEPENDENT | Stanbic Bank Uganda will appeal a High Court ruling delivered on Friday 12th February 2021 ordering it to pay  Sh400m in costs to Macdowel Food & Beverages. Stanbic Bank Uganda has contested the decision and has filed a Notice of Appeal to the Court …

Rukungiri, Uganda |  THE INDEPENDENT  |  Residents of Rubanga parish in Buyanja sub- county Rukungiri district have welcomed the rehabilitation and opening of the Rubanga – Buyanja Kebisoni road saying it has brought back life to them. The 10.5-kilometre road connects Buyanja sub-County to Kebisoni sub- County and will cost 10 …

Rukungiri, Uganda |  THE INDEPENDENT  |  Fishmongers operating at Rweshama Landing Site along Lake Edward in Rukungiri district are demanding the withdrawal of Uganda Peoples Defense Forces (UPDF) soldiers deployed there as part of the Fisheries Protection Unit. The fishmongers say that because the Fisheries Protection Unit soldiers say that the …

Amuru, Uganda |  THE INDEPENDENT  |  The Shillings 1.8 billion project that was proposed by government to mitigate the flooding at Elegu border town in Amuru district is yet to kick off three years after the signing of the Memorandum of Understanding-MOU.  In 2018, Amuru district signed an MOU with the …

My humble opinion it that just as the decision was on the face of it legally sound, the court decision was also economically sound COMMENT | James Muhindo | In order for one to understand the rationale behind the court decision in the Hamis Kiggundu Versus Diamond Trust Bank Uganda & …