Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has written to Justice Minister Kahinda Otafire, warning that no action should be taken on Uganda Telecom Ltd (UTL), without Cabinet approval. “As I have guided on several occasions, given the strategic importance of UTL to the economy, government has been …
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There is good news for Uganda which is investing heavily in the energy sector development projects to support economic activities. | THE INDEPENDENT | On June 14, Uganda was formally elected as the 101 member of the International Commission on Large Dams (ICOLD). This was announced at the ICOLD’s 87th …
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Kampala, Uganda | THE INDEPENDENT | Business owners in Uganda think the next one year will turn out well for their businesses. This has pushed them to hire more staff and increase their stocks, according to Stanbic bank’s monthly index. Three-quarters of company managers interviewed said they were optimistic the …
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Afreximbank says China and India have consolidated their positions as the continent’s single largest trading partners Kampala, Uganda | ISAAC KHISA | Africa’s output grew by 3.4 per cent between 2017 and 2018 despite the slowdown in global growth during that period, according to the African Export-Import Bank’s latest report. The …
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The bank’s assets grew 15% to $15 billion in 2018 Kampala, Uganda | ISAAC KHISA | Shareholders of Africa Import-Export Bank (Afreximbank) are set to earn $69million as dividends following record growth in profits in 2018. Last year, shareholders earned $57.53million. The decision was reached during the Annual General Meeting …
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The oil and gas sector continues to interest different players hoping to make some money out of it. Kampala, Uganda | JULIUS BUSINGE | At one of the events organised by the Petroleum Authority of Uganda and National Environment Management Authority, a big crowd of 8, 000 people attended to …
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Kampala, Uganda | THE INDEPENDENT | The Financial Intelligence Authority (FIA) says it is registering more entities to report cases of money laundering because launderers are now opting for non-traceable transactions. The authority recently announced that car dealers would be required to register with it, in a move to curb …
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TECH ANALYSIS | THE INDEPENDENT | Silk Road. Cryptocurrencies. Drug markets. Stolen databases and disturbing content. These are just a few keywords associated with the dark web, and not many people dare to dig deeper to understand the true and ambiguous nature of the underbelly of the Internet. The …
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They see opportunities for business, economy in FY2019/2020 Kampala, Uganda | JULIUS BUSINGE | Conversations on the recently read new budget are gaining momentum amongst key players like chief executive officers of corporate firms. The executives, from key sectors of banking, manufacturing, industry, information technology, agriculture, trade are believed to …
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Elly Twineyo Kamugisha is an economist and the current executive director for the Uganda Export Promotion Board (UEPB). He spoke to The Independent’s Julius Businge on why it is urgent for the government to heavily engage in export development activities. What is new at the Uganda Export Promotion Board …
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