Business

Small businesses are plagued with numerous challenges including limited financial support, inadequate entrepreneurial skills and low corporate governance Kampala, Uganda | THE INDEPENDENT | Stanbic Bank in partnership with the GIZ Employment and Skills for Eastern Africa Programme (E4D/SOGA) will support Small and Medium Enterprises trainings ahead of oil and …

But who is benefiting? Kampala, Uganda | JULIUS BUSINGE | Latest statistics from Bank of Uganda shows that private sector lending has gone up. But, a section of the private sector mainly traders, manufacturers, economic experts are saying that they are yet to benefit. Issa Sekitto, for instance, an importer …

Kigali, Rwanda | AFP |  A Rwandan brewery apologised Tuesday for printing sexist jokes on its beer labels after its attempt at humour drew a stinging rebuke from some of the country’s top female officials. Skol Brewery Limited also promised to immediately discontinue its “Live Laugh Lager” campaign, which saw …

Kampala, Uganda | THE INDEPENDENT | Barclays bank Uganda has started pulling down its old company branding, changing colors and name to Absa. The bank’s branch at Lugogo has already seen the blue color ditched and re-branded with maroon and red colors and name changed from Barclays to Absa. Robinah …

The African Union launched the operational phase of the African Continental Free Trade Area (AfCFTA) at a summit in Niger last month. Vera Songwe is the Executive Secretary of the UN Economic Commission for Africa that has been providing support for the AU during negotiations and ratifications. She spoke to …

Kampala, Uganda | THE INDEPENDENT | Government has proposed an amendment to the Estates for Missing Persons Act 1973 that will allow persons between 18 and 25 years of age to benefit from the estate of a missing person provided they are still in school and not married. This is …

🇺🇬 Export earnings ⬆               2017/18 – 2018/19 Gold 🥇 US$343m – US$1,068m Fish 🐠   US$146m – US$185m Tobacco US$54m  – US$85m Cocoa B  US$58m – US$73m 🇺🇬 Export earnings ⬇                2017/18       2018/19 Coffee☕ US$492m  …

Serere, Soroti | THE INDEPENDENT | Although Government initiatives such as Operation Wealth Creation (OWC) and Youth Livelihood Program (YLP) were established in a bid to alleviate poverty and transform Ugandans, Members of Parliament (MPs) have said such initiatives have not achieved their intended targets, adding that the impact of …

Kampala, Uganda | THE INDEPENDENT | Commercial banks’ written premiums from insurance are on steady increase hardly three years after the banking law allowed banks to distribute insurance. The Insurance Regulatory Authority says the insurance premiums from Bancassurance now stand at slightly above twenty-six billion Shillings from zero in August 2017 …

VIDEO: Is the NSSF Amendment Bill 2019 targeting workers’ savings? Kampala, Uganda | VIDEOS NTV UGANDA | The NSSF Amendment Bill that is now in parliament is a big win for members, as they will be able to take home more at the end, and will enable NSSF management offer more …