Business

Kampala, Uganda | THE INDEPENDENT  |  Drug manufacturer Cipla Quality Chemicals has announced a loss of 14.5 billion Shillings for the period from April to September 2019, underscoring the struggles the drugmaker is going through. This is a significant drop from the 3.3 billion Shillings profit announced for the period between …

Latest in Uganda, Rwanda, Kenya, Burundi firepower Kampala, Uganda | INDEPENDENT TEAM | Countries in the East African region continue to spend more on strengthening their armed forces, according to latest data. Although Kenya and Tanzania are the biggest spenders because of their relatively big budgets, most attention is on Uganda, …

  Soroti, Uganda | THE INDEPENDENT | Soroti Fruit Factory has restricted its purchase of oranges to farmer groups and associations. The fruit processing plant that commenced the production of orange and mango juice in April this year is overwhelmed by the high production of oranges. This has forced management …

Kampala, Uganda | THE INDEPENDENT | Bunyoro Kitara Kingdom is up in arms against the proposed construction of a hydro power dam at Murchison falls. Early this year, the Electricity Regulatory Authority (ERA) published a notice in newspapers indicating that it had received an application from Bonang Power and Energy …

Kodo, Nigeria | AFP |  Surrounded by four children, Ladi Usman scoops shea nut paste from a plastic container into a metal pot on the stove in her cramped kitchen. Squinting to keep charcoal fumes out of her eyes, she stirs it with a bamboo stick, completing the final stages of eking …

The communities neighboring Bamburi’s subsidiary in Uganda at Hima wants the cement firm to come up with a similar initiative there Kasese, Uganda | ISAAC KHISA | One can hardly see any spot of environmental degradation. Haller Park, a 200 hectare experimental park, started in 1971 when Bamburi Cement Factory …

Amuru, Uganda | THE INDEPENDENT  |  Armed personnel from Uganda Wildlife Authority – UWA have blocked construction project of a major community access road in the disputed remote areas of Apaa in Amuru district. The personnel blocked construction of the 20km Lacmon to Apaa (Section 1&2) roads from Pabbo Sub-County worth …

Kampala, Uganda | THE INDEPENDENT  | The government is mooting to regulate electronic payment services and products offered mainly under new Financial Technologies also referred to as Fintech. Fintech refers to the integration of technology to allow companies provide digital financial solutions that ease transactions with just a tap of …

  Kampala, Uganda | AFP |  Uganda will approve a feasibility study into building a hydro power station near the awe-inspiring Murchison Falls, the tourism ministry said Friday, three months after vowing to scrap the project. The about-turn has infuriated tourism operators who fear the 360-megawatt project on the Victoria …

‘Black Friday’ becoming a shadow of its former self in US New York, United States | AFP | The US holiday shopping season officially opened with a deluge of “Black Friday” promotions but the frenzied crowds of the past have thinned out with the rise of e-commerce. Companies in the …