Business

Kampala, Uganda | THE INDEPENDENT | Uganda exported Gold worth $363m (1.3trillion shillings) in March alone, according to Bank of Uganda. This is the first time the country has exported gold worth that much ever in a single month. This brings the total export for the three months to March 2019 …

`Serving as a minister was a struggle because many ministers clash for visibility and work’ Kampala, Uganda | AGNES E NANTABA | Rosemary Mariam Najjemba Mbabali is a former politician, turned fashion designer and owner of Celebrity Styles; a boutique. She was Minister of Urban Planning between 2012 and 2016. …

Kampala, Uganda | THE INDEPENDENT | Ministers own companies that are involved in the exportation of domestic workers abroad, the Speaker of Parliament Rebecca Kadaga has said. The Speaker was on Wednesday officiating at the Anti-slavery workshop at Golden Tulip hotel in Kampala. The workshop was an engagement of different …

    Rank | Country | Total installed capacity (MW) 1 Ethiopia 3,822 2 South Africa 3,595 3 Angola 3,083 4 Egypt 2,876 5 DRC 2,704 6 Zambia 2,397 7 Mozambique 2,191 8 Nigeria 2,064 9 Sudan 1,923 10 Morocco 1,770 11 Ghana 1,584 12 Zimbabwe 1,076 13 Cote D’Ivoire …

The key challenges for hydropower development in Uganda, and most countries in Africa, include the need for substantial up-front investment capital which cannot easily be raised by the sector, as well as environmental and social concerns such as the resettlement and compensations of persons Paris, France | IRENE MULONI | …

Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority-URA has called traders whose goods haven’t been cleared to do so lest they are auctioned. In a letter sent out this morning, Patience Tumusiime Rubagumya, the Acting Commissioner for Customs says “all goods that remain uncleared after 30 days of the …

  Kampala, Uganda | THE INDEPENDENT | The second Intra-African Trade Fair (IATF2020) scheduled to take place in Kigali from 1 to 7 September 2020 will target the execution of Intra-African trade deals worth more than $40 billion, President of the African Export-Import Bank, Prof. Benedict Oramah, said. Prof. Oramah …

The lender’s entry into Zambia and Mozambique will enhance trade between East and Southern Africa Kampala, Uganda | JULIUS BUSINGE | Equity Bank’s move to acquire banking assets of Atlas Mara in four African countries will create new opportunities for traders in the East African region, according to the bank’s …

Top six banks registered collective net profit of Shs 620bn Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks surpassed investor expectations with 14 of the 15 banks that have published their financial performance results posting good profit margins in 2018, analysis by The Independent shows. Banks like Stanbic, Centenary, …

Washington, United States | AFP | New research backs the argument that “sin taxes” lead to a reduction in consumption, justifying the use of the duties in combating obesity and other health issues, its authors say. The 2017 decision by city officials in Philadelphia to impose a beverage tax on …