Business

Kampala, Uganda | THE INDEPENDENT & AFP |  Rwanda’s Minister of State for Foreign Affairs Olivier Nduhungirehe will lead a high level delegation to Uganda today for a second meeting to discuss the implementation of the Memorandum of Understanding signed in Angola in August. This second meeting that aims at easing …

Kampala, Uganda | THE INDEPENDENT | Uganda’s electricity distributor, Umeme Limited has secured a $70m (Ushs .258 billion) funding to support its planned investments in the electricity distribution network. The International Finance Corporation (IFC) was the lead-arranger in the syndicate including Stanbic Bank Uganda Limited, Standard Chartered Bank and the …

Pharmaceutical firm hopes to recover in second half of the year Kampala, Uganda | ISAAC KHISA | Cipla Quality Chemicals Industries Ltd has recorded a decline in profit since it was listed on the Uganda Securities Exchange a year ago but its managers are now pinning its growth prospects on …

Kampala, Uganda | THE INDEPENDENT | The Acting Executive Director of Kampala Capital City Authority Engineer Andrew Kitaka has said plans are underway to fully rehabilitate more than 65km of the city’s roads because it’s no longer economical to maintain them under their age. Eng. Kitaka on Wednesday toured a couple of …

Kampala, Uganda | THE INDEPENDENT  |  Samuel Omoit, 28, is a pioneer beneficiary of the skills development program under Support to Skilling Uganda (SSU) in Karamoja. He received vocational skills at Nakapiripirit Technical Institute in 2016 under Support to Skilling Uganda, which is jointly implemented by government and Enabel, a development …

Kampala, Uganda | JULIUS BUSINGE | In the past few days social media has been awash with pictures of currency notes with political messages written on by suspected supporters of President Yoweri Museveni and Kyadondo East Member of Parliament, Robert Kyagulanyi (Bobi Wine). The notes in question are of Uganda …

Kampala, Uganda | THE INDEPENDENT  |  Uganda must now reserve money to pay for generated but unconsumed power for the next five years, The Secretary to the Treasury Keith Muhakanizi has said. Muhakanizi told diplomats and economists at an IMF organised meeting at Sheraton Kampala on Monday evening that Uganda – …

Kampala, Uganda | THE INDEPENDENT  |  Tourism earnings are estimated to have grown slower in the first ten months of 2019, according to to the Central Bank. The government planned to attract more one million tourists this year on top of the 1.8million people received in 2018.  But the Central Bank …

Kampala, Uganda | THE INDEPENDENT | Tourism earnings are estimated to have grown slower in the first ten months of 2019, according to to the Central Bank. The government had planned to attract more than one million tourists this year on top of the 1.8 million people received in 2018, …

  MUHAKANIZI: Unconsumed electricity will hit Uganda’s budget hard; capacity to rise to 1200MW, yet Ugandans can only consume 600MW Kampala, Uganda | THE INDEPENDENT | Uganda must now reserve money to pay for generated but unconsumed power for the next five years, Secretary to the Treasury Keith Muhakanizi has said. …