Business

  Kampala, Uganda | THE INDEPENDENT | Leading telcom company Airtel has started the new year by hitting the 10 million customer mark. The milestone cement’s Airtel’s position as the fastest growing telecom in the Uganda and the company has pledged to continue investing heavily towards improving the quality of …

Kampala, Uganda | THE INDEPENDENT | As many revelers around the country were waiting for the clock to hit midnight so they can finally cross over into the “promised land of 2018” with fireworks and prayers for some, Africell Uganda seized the moment to launch a mega voice, sms and …

    Los Angeles, United States | AFP |  The legal cannabis sector is expected to generate $40 billion and more than 400,000 jobs by 2021 in the United States, according to a study released Tuesday. The estimate by consulting firm Arcview includes direct purchases by consumers of $20.8 billion …

Key indicators remain largely unchanged Kampala, Uganda | JULIUS BUSINGE | 2017 appears to have been a good and bad year for Uganda’s economy even as key indicators remained largely unchanged. Bank of Uganda’s monetary policy tamed inflation to below the set target of around 5% as well as stabilised exchange rate …

Nairobi, Kenya | THE INDEPENDENT | The first commercial cargo train on the newly built Standard Gauge Railway (SGR) arrived in Nairobi on New Year’s Day with 104 containers, marking the start of major business on the route. The single cargo train carried 104 containers, which is almost equivalent to the …

Power generator cleared to hire new dam supervisor Kampala, Uganda | JULIUS BUSINGE | Power generator—Uganda Electricity Generation Company Limited (UEGCL)—is set to hire a new supervisor technically known as Owner’s Engineer (OE) for the 183MW Isimba hydro-power dam. This comes two months after the contract of Energy Infratech expired in …

Paris, France | AFP |  International Monetary Fund chief Christine Lagarde has urged France and other countries to push through reforms “while the sun is shining” on the global economy. In an interview with France’s Le Journal du Dimanche published Sunday Lagarde said the strength of the global economic recovery …

So why might there be hunger tomorrow? Kampala, Uganda | RONALD MUSOKE | On April 14, this year, Betty Atyeno, a 30 year old pregnant mother from Atali village in Abako Sub-County, in the northern Uganda district of Alebtong lost her grip – up a mango tree. She plunged metres …

Low private sector lending, decline in interest rates to take toll on the bank’s profitability for the year ending Dec 2017 Kampala, Uganda | ISAAC KHISA | Uganda’s commercial banks seem to be laying down new strategies as the industry anticipates to record subdued earnings in 2016 owed to low private …

Kampala, Uganda | THE INDEPENDENT | Ugandans living abroad can now send money home to their families and friends through Centenary Bank accounts countrywide following a partnership with the digital money transfer firm, WorldRemit. Fabian Kasi, the managing director of Centenary Bank said the new partnership re-affirms the lender’s commitment to …