Business

Kampala, Uganda | THE INDEPENDENT | Commercial banks have recorded a mixed bag of fortunes over the last one year, according to financial reports released today. The financial results released today show a decline in profits for some banks and microfinance deposit-taking institutions and losses for others. Banks that reported losses …

Kampala, Uganda | THE INDEPENDENT | Kalangala district local government has lost 105 million Shillings in taxes this month alone, as a result of due to the absence of MV Kalangala, a ferry that plies the Entebbe Kalangala route. Kalangala district chairperson Willy Lugoloobi says the vessel which carries up to …

    Minister  Persis Namuganza salutes Museveni for sparing time to meet Busoga, Bugisu youth Entebbe, Uganda | THE INDEPENDENT | President Yoweri Museveni has urged members of the Ugandan legislature to put emphasis on the allocation of more funds to programs that facilitate and propel development of wananchi in …

Kampala, Uganda | THE INDEPENDENT | People should be paid whenever their personal data is used by tech giants to make money; that is the proposal of Sir Vince Cable, the leader of the Liberal Democratic Party in the UK. He said data was the ‘new oil’ and the ‘growth …

Kampala, Uganda | THE INDEPENDENT | Rwanda has bagged the World Travel and Tourism Council’s inaugural Global Leadership Award for its efforts to put tourism at the centre of economic and social development. The award, received on behalf of the country by Prime Minister, Edouard Ngirente, was presented at the …

Kampala, Uganda | THE INDEPENDENT | Beers brewer, Uganda Breweries Limited, has announced a water and education support programme geared towards transforming livelihoods of the communities of Acholi sub region in Northern Uganda. The company’s Managing Director, Mark Ocitti, said the new initiative has already commenced with the construction of 16 …

Paris, France | AFP | A spectacular probe into French tycoon Vincent Bollore over suspected graft in Africa marks a rare exception among corporate titans doing business south of the Sahara. Bollore — charged on Wednesday over contracts to operate ports in Guinea and Togo — is by far the …

Kampala, Uganda | THE INDEPENDENT | Internet service provider, Liquid telecom, has promised to support business start-ups with reliable and efficient data solutions to enable them do research and grow. Barbra Nannono, the company’s Sales and Marketing Manager, who spoke during the DataHack4FI season 2 grand finale event held at …

Kampala, Uganda | THE INDEPENDENT | Ibrahim Karyoowa, a Bukoto-based generator mechanic was the first lucky winner in the recently launched Under the Crown promotion, Samba ne Coca-Cola. Karyoowa was handed a brand new 32-inch flat screen TV by company officials on April 20 in Kampala. “I have been drinking soda …

Nampula, Mozambique | AFP | Mozambique is going nuts about cashews, and they’re boosting the economy’s health. The country’s cashew nut industry, one of the world’s biggest, was dealt a body blow first by the 1977-1992 civil war and then by a controversial World Bank assistance package. Now, the government …