Business

Kampala, Uganda | THE  INDEPENDENT | Oliver Lalani is the Executive Director at Roofing Rolling Mills (RRM). He spoke to Isaac Khisa about Uganda’s steel industry and its future outlook. What is your assessment of the performance of Uganda’s steel industry in the country at the moment?  The Steel industry …

Cairo, Egypt | AFP |  Egypt is building a major water treatment and desalination plant, the president said Monday, as the Nile-dependent nation plans for any fallout from an upstream dam being built by Ethiopia. The North African country is constructing “the largest wastewater treatment and desalination plant”, President Abdel …

UGANDA: $20 billion up for grabs Kampala, Uganda | HAGGAI MATSIKO | Ernest Rubondo, the Executive Director, Petroleum Authority of Uganda (PAU), is optimistic 2018 will be big for Uganda’s oil industry. “The sector will be felt in 2018,” he told The Independent in an interview at his offices at …

Kampala, Uganda | THE INDEPENDENT | Century Bottling Company Limited (Coca-Cola) is running a promotion called “Vimba ne Coca-Cola, an Under the Crown (UTC) promotion that is seeing hundreds win instant airtime and cash prizes. The promotion, which started towards the end of last year, is running up to March …

  Kampala, Uganda | THE INDEPENDENT| Beer maker in Uganda, Nile Breweries Ltd, has unveiled a new  initiative to encourage farmers embrace better farming practices to improve sorghum harvests, one of the major components for beer production. The new annual initiative dubbed ‘Nile Breweries Kickstart Farmer’s Competition’ will see farmers …

Kampala, Uganda | THE INDEPENDENT | Tanzania has floated a multimillion dollar tender for 19 electric trains to be used on the standard gauge railway (SGR) which is under construction, according to the regional newspaper, The EastAfrican. State-run railway firm Reli Assets Holding Company (Rahco) is seeking the supply of …

New expansions could lead to a drop in cement prices Kampala, Uganda | ISAAC KHISA | The good news for Uganda’s cement industry is that it is headed towards increase in production in the next few months. The challenge, however, is that it could lead to a decline in prices …

Washington, United States | AFP |  Some lucky person in New Hampshire has won $560 million in a Powerball lottery, officials said Sunday, just two days after someone in Florida won a cool $450 million, helping push the weekend’s total past $1 billion, apparently for the first time in US …

  President snubs IGG, DPP, and Financial Crimes Unit Kampala, Uganda | HAGGAI MATSIKO | Sub-Saharan Africa’s second biggest gold refinery, the Uganda-based African Gold Refinery (AGR) deals in big money – with its volumes of exports, according to informed sources, valued at over Shs. 2 trillion over the last …

THIS WEEK: Disappointing festive season for traders Kampala, Uganda | THE INDEPENDENT | Traders did not make an anticipated killing from the festive season- a time when they reap abnormal profits. Some actually said they made their lowest sales in years. A number of them attributed the mixed results to …