Business

Uganda & South Sudan have underscored the shared commitment to bolster cross-border trade with a focus on streamlining clearance processes & enhancing security measures. SPECIAL REPORT | THE INDEPENDENT | Government officials, trade representatives from Uganda and South Sudan have agreed to strengthen cross-border trade relations and fostering regional integration. This …

Kampala, Uganda | THE INDEPENDENT  | Uganda Breweries Limited (UBL) has commissioned its state-of-the-art UGX 37 billion biomass plant, marking a significant milestone in the organization’s commitment to sustainability while demonstrating dedication to reducing its carbon footprint. Speaking during the biomass commissioning on Tuesday, UBL Managing Director Andrew Kilonzo said, …

Kampala, Uganda | THE INDEPENDENT |  Speaker of Parliament, Anita Among has directed the Minister of Trade, Tourism and Industry, and that of Finance, Planning and Economic Development to resolve the woes of Kampala City Traders and report back to Parliament on Tuesday, 16 April 2024. The traders, under their …

Kampala, Uganda | THE INDEPENDENT |  United Bank for Africa’s (UBA) Uganda subsidiary has  denied circulating social media claims regarding a purported loss of $250,000 (approximately Shs 965 million) from a customer’s account, labelling these allegations as baseless and unfounded. “UBA Uganda categorically refutes these spurious allegations, asserting no such …

Kampala, Uganda | THE INDEPENDENT | Ugandan private sector firms have registered a deterioration in business conditions during March, thereby ending a 16-month upward improvement sequence in the health of the private sector. The overall decline was driven by renewed contractions in output and new orders, as customer demand was reportedly …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Kaguta Museveni received a letter from the President of the People’s Republic of China, His Excellency Xi Jinping, who expressed unwavering support for the East African Crude Oil Pipeline Project (EACOP). Hand-delivered by Ambassador Xue Bing, the Special Envoy for the Horn of …

Homa, Uganda | THE INDEPENDENT |  Thugs have robbed 22.4 million Shillings from an Indian national in Hoima City. The victim is Ganatra Kapil 32, a resident of Kiratete a suburb of Hoima city. The incident happened on Saturday around 7:30 p.m. It is alleged that Kapil left his home …

Kampala, Uganda | THE INDEPENDENT | Entrepreneurs have been urged to position themselves to tap into opportunities in the supply chain of the oil and gas sector. The call was made by experts during a stakeholders’ Supplier Development Workshop organized by the Stanbic Business Incubator Limited (SBIL) in Kampala on April …

But expert opinions diverge on the suggested tax measures aimed at bolstering the government’s spending strategy Kampala, Uganda | THE INDEPENDENT | Uganda government is proposing to raise spending by 10% to Shs 58.3 trillion in the upcoming FY 2024/25 amidst concerns of budget cuts including parliament. The proposed budget presented …

The bank also marked its 30th anniversary, celebrating three decades of dedication to financing and fostering trade across Africa Kampala, Uganda | THE INDEPENDENT | Africa’s multilateral lender, African Export-Import Bank has recorded a significant leap in its financial performance for the year ended Dec.31, 2023, with net interest income soaring …