Business

Kampala, Uganda | THE INDEPNDENT | Uganda’s National Expert Taskforce on the 4IR has released a draft report on a planned strategy to guide the country in achieving the vision of becoming a 4IR hub and competitive upper middle-income country by 2040. The taskforce was launched by President Yoweri Museveni in …

Mbale, Uganda |  THE INDEPENDENT |  The Privatization and Investments State minister, Evelyn Anite has revealed government plans to construct a power substation in Mbale City industrial park to overcome the challenge of power outages.  According to Anite, the substation will also help reduce the heavy costs of power for running …

  Kampala, Uganda | THE INDEPENDENT | Life has not been the same for renowned Ugandan actor and comedian Richard Tuwangye aka Amoosi since the nationwide lockdown was announced in March 2020. The arts and creative sector from which Tuwangye makes a living was among the hardest hit. With social distancing …

  Kampala, Uganda | THE INDEPENDENT | Nominations for the Ugandan 2020 top Chief Finance Officer (CFO) award has started and will be open until November 20, 2020. The awards are organized annually since 2017 by ACCA (the Association of Chartered Certified Accountants) in partnership with Deloitte (Uganda) Limited. It is open …

Kampala, Uganda |  THE INDEPENDENT |  The Uganda National Roads Authority (UNRA) will soon purchase four portable bridges for emergency situations. According to UNRA Six billion shillings has been set aside to purchase the four metallic portable bridges within the next nine months. They are metallic, 40-meter-long portable bridges that are …

Kampala, Uganda | THE INDEPENDENT | On-demand delivery app, Glovo, has launched its operations in Kampala as part of its market expansion strategy. This is the second market in East Africa following Kenya in 2018. The firm has two more operations on the African continent including Morocco. Glovo is a …

Kampala, Uganda |  THE INDEPENDENT | The Central Bank has rejected the Government’s plan to borrow up to 4.3 trillion Shillings from the domestic market to fund the supplementary budget expenditure of 6.5 trillion Shillings.  The matter came up when officials from BoU, the Private Sector Foundation and Uganda Bankers Association …

Reforms cover public debt, interest rates, taxation and public spending Kampala, Uganda | JULIUS BUSINGE | A group of civil society organisations under their umbrella organization Civil Society Budget Advocacy Group (CSBAG) have presented a list of budget proposals to government that they think can jumpstart the economy that has …

The insurer is enhancing automation, product innovation and pushing for asset restructuring to drive profitability Kampala, Uganda | JULIUS BUSINGE | Uganda’s oldest insurance firm, NIC Holdings Ltd, plans to ride on new technologies and product innovations to sustain profit growth. Flanked by two other top executives for the company, …

Kampala, Uganda |  THE INDEPENDENT |  The Court of Appeal will make a judgment on Monday, November 2 to determine whether Diamond Trust Bank, DTB, refunds an equivalent of Sh120 billion shillings to businessman Hamis Kiggundu. The ruling will also shed more light as to whether the loans Kiggundu took …