Business

Trade Ministry says the Ease of Doing business does not reflect true picture on the ground Kampala, Uganda | ISAAC KHISA | Uganda slide its ranking on the World Bank’s ‘ease of doing business’ report for the second consecutive year, dropping five places to the 127 position owed to increase in …

Kampala, Uganda | JULIUS BUSINGE | The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October up from 54.2 in September, recording above the 50.0 no-change mark for the 21st successive month. This reading is the highest since the survey began in June 2016. Four of the five monitored …

What it will take to turnaround fortunes of a bank with negative publicity and mixed performance Kampala, Uganda | JULIUS BUSINGE | The new Chief Executive Officer of dfcu bank is many things that his predecessor is not. He is an economist, young and top business executive. He also holds a …

Kampala, Uganda | THE INDEPENDENT | The low prices of Vanilla has left farmers and exporters worried. In 2004, vanilla prices fell from about 150,000 shillings a kilogram to 1,000 shillings. This was the worst in the history of vanilla growing, forcing many farmers to cut down the plants and abandon …

Kampala, Uganda | THE INDEPENDENT | The delay by international Oil Companies to make a final Investment Decision (FID) has thwarted government’s ambitions for first oil by 2020. Energy and Mineral Development Minister, Irene Muloni admits it may not be possible for to have oil out of the ground by end …

Dubai, United Arab Emirates | AFP | Major oil producers meet in Abu Dhabi on Sunday to consider reverting to output cuts after a sharp slide in crude prices revived fears of a 2014-style crash. Oil prices shed a fifth of their value in just one month after surging to …

Kampala, Uganda | THE INDEPENDENT | Four of the five monitored sectors saw business conditions improve during October, the exception being industry. The Stanbic Bank Purchasing Managers’ Index (PMI) has posted 56.6 in October, up from 54.2 in September recording above the 50.0 no-change mark for the twenty-first successive month. The …

London, United Kingdom | AFP | European stock markets rallied on Wednesday after a mixed session in Asia, as analysts warned of potential economic fallout from political gridlock in the United States triggered by the country’s midterm elections result. The dollar slid against main rivals, with the pound boosted also …

➡ $1bn project ➡ 95 kilometres ➡ 8 lanes Nakawa-Kyambogo ➡ 6 lanes Kyambogo-Mukono ➡ 4 lanes Mukono to Jinja Abidjan, Ivory Coast | THE INDEPENDENT | The African Development Bank (AfDB) has approved a sovereign loan of $229.5 million to Uganda to finance phase one of the Kampala-Jinja Expressway …

Kampala, Uganda | THE INDEPENDENT | The Ugandan government has been applauded for the pace at which it is undertaking projects in the Oil and Gas Sector. The Nod came during a tour of key projects in the Albertine Graben by a team of Ambassadors from the European Union currently in …