Business

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda Governor Prof. Emmanuel Tumusiime-Mutebile has said Uganda’s private sector credit remains low at 12% of country’s Gross Domestic Product, an issue that has led to slow business growth. Private sector credit challenges According to Mutebile, in most cases it’s only large corporate …

  Kampala, Uganda | JULIUS BUSINGE | The 2nd Economic Mkutano for which the focus is the role of science, technology and innovation in economic development is scheduled for Sept.12 at Sheraton Kampala Hotel. The Mkutano serves to facilitate open debate in which conclusions enable the organisers to script their …

Accra, Ghana | THE INDEPENDENT | Uganda’s Emma Naluyima, a trained veterinary doctor and Senegalese forestry engineer Baba Dioum were this week named joint winners of the 2019 Africa Food Prize, a US $100,000 award celebrating those taking control of the continent’s agricultural agenda. Dr. Naluyima, a smallholder farmer and private …

Cape Town, South Africa | THE INDEPENDENT | Uganda is the safest place for any investor to inject their money and offers immense business opportunities, President Yoweri Museveni has said. “If there is a place where you can easily make money, it is Uganda.  The place is secure.  That is …

Cape Town, South Africa | THE INDEPENDENT | The success of businesses in Africa is important because it has a direct role in ending polarisation and causing sustainable peace, President Museveni has said. The President, who is accompanied by First Lady Janet, made the remarks at the World Economic Forum …

They are not only in business to compete and attract customers in their line of business, but are also warming up to compete for Uganda’s Digital Brand of the Year award for 2019 organised by an entity dubbed HiPipo. Kampala, Uganda | JULIUS BUSINGE | The two leading telecom firms …

Several agriculture produce consignments shipped to Europe have been destroyed citing poor quality kampala, Uganda | PATRICIA AKANKWATSA | Uganda’s horticulture export earnings are likely to drop this year. Sector players are blaming this on the unfavorable weather patterns and changes in product standards and certifications in the key market …

Martin A. Nsubuga was confirmed as the Chief Executive Officer for Uganda Retirement Benefits Regulatory Authority (URBRA) in June 2019. He broadly spoke to The Independent’s Julius Businge about his plan and emerging issues in Uganda’s pension sector. What is it that you have started off with as substantive CEO? …

Top managers are still engaging the government on its licence renewal Kampala, Uganda | ISAAC KHISA | MTN Uganda has recorded a 30.5% growth in revenue to Shs765.32bn for the first six months ending June.30 owed to the increase in demand for data and fin-tech services, according to its latest …

SUDHIR CASE: Plan to have BOU pay heavily Kampala, Uganda | JULIUS BUSINGE & ISAAC KHISA | Real estate tycoon Sudhir Ruparelia has won a major case in the High Court in Kampala that could see the Bank of Uganda pay him billions of shillings in costs and compensation for …