Business

Rubanda, Uganda | THE INDEPENDENT  | Investors have started plans to construct a multi-billion iron ore smelting plant in Rubanda District. The factory which was a 2016 presidential pledge has remained unfulfilled up to date. In 2019, the Devki Group of Companies from India led by its chairman Raval Guru …

Kampala, Uganda | THE INDEPENDENT | Herman Ssegawa, 40, sits on a small mat along Namirembe Road, offering pegs displayed on a wooden surface with lined boxes. He beckons customers to purchase from his street stall, conveniently located opposite Kikuubo business lane. For over a decade, Ssegawa has engaged in …

Mbarara, Uganda | THE INDEPENDENT | Stanbic Bank Uganda Limited is committed to continuing to support farmers with financial and non-financial solutions to be able to yield tangible results from their farming activities. This revelation was made by Patrick Twinamatsiko, the Manager in charge of the bank’s Sacco financing. Twinamatsiko …

Kampala, Uganda | THE INDEPENDENT | Uganda Bureau of Statistics (UBOS) has allocated Shillings 399 billion for the upcoming population census scheduled for August this year. Chris Mukiza, the Executive Director of UBOS, revealed that the funds will be utilized over a period of two and a half years. Of …

    Johanessburg, South Africa | THE INDEPENDENT | MultiChoice Group, Rapyd and General Catalyst today announced a joint venture aimed at developing an integrated payment platform for Africa. The joint venture will operate under a new company, called Moment. Moment offers expanded payment infrastructure for businesses across Africa to help …

COMMENT | CLEVER NICHOLAS | While debt collection intends to ensure that individuals and businesses fulfill their financial obligations, it is increasingly becoming evident that the debt collection industry in Uganda has been hijacked by court bailiffs who engage in debt collection without court order, which is illegal and improper. Court …

Kampala, Uganda | THE INDEPENDENT | The inadequate allocation of government funds for road construction and maintenance in Kampala continues to be a significant topic in political and social discussions, highlighting the pressing issue of the city’s poor road infrastructure. Recently, Kampala Capital City Authority (KCCA) faced public backlash over …

Some lenders have either voluntarily exited the market or offered themselves for acquisitions to meet the new capital requirements Kampala, Uganda | THE INDEPENDENT | Bank of Baroda has got the nod from the Capital Markets Authority to go ahead with the bonus issue to raise capital to meet the new …

Kampala, Uganda  | THE INDEPENDENT | Uganda is set to host the 55th African Airlines Association (AFRAA) Annual General Assembly this year, amidst complaints by the national carrier over alleged unfair trade practices in the content industry. Uganda Airlines Chief Executive, Jennifer Bamuturaki lists bureaucracy by states as one of …

Kampala, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) has announced plans to conduct a nationwide crackdown on bakeries that supply underweight bread to the market. The move comes as the market is flooded with numerous pre-packaged products that fall below the required measurements, including bread, …