Business

Kampala, Uganda | THE INDEPENDENT |  A week after the Pearl of Africa Hotel Kampala officially opened its doors with fireworks, President Yoweri Museveni launched the 5-star facility at a colourful ceremony on Tuesday night. Museveni thanked the Aya Brothers for the investment that will create jobs for Ugandans and boost …

Addis Ababa, Ethiopia | AFP |  Ethiopia will devalue its currency by 15 percent in a bid to boost demand for its major exports, a state-run media outlet reported Tuesday. Africa’s second most-populous country is also one of its best economic performers, with the International Monetary Fund (IMF) estimating in …

  The new development likely to stir competition in the country’s real estate industry Kampala, Uganda | ISAAC KHISA | Kenya’s real estate investment firm, Cytonn, is set to invest Shs360.5bn (US$100million) in commercial and residential housing units in Kampala targeting middle class population, its Managing Partner and Chief Executive …

The new move tightens competition in the region’s paint industry Kampala, Uganda | ISAAC KHISA | Dutch paints and Coatings Company AkzoNobel Coatings International BV, which owns the Sadolin brand name in Uganda, has appointed the regional paint maker, Crown Paints East Africa, to manufacture and sell Sadolin Paint in …

Savers suggests Fund’s flexibility to allow them access part the saving to meet their needs Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) members are expected to earner higher returns on their savings for the 2017/18 financial year, according to its Managing Director, Richard Byarugaba. Byarugaba …

Accra, Ghana | AFP | Ghana’s government on Sunday promised to tighten safety at fuel stations across the country after seven people were killed and scores more injured when a tanker truck carrying natural gas caught fire in the capital and triggered explosions. The fire and blasts in the Legon area …

THIS WEEK: MTN Uganda wins DIAA Awards  MTN Uganda took home five prizes at the Digital Impact Awards Africa (DIAA) 2017 awards held at the Kampala Serena Hotel recently. The awards cemented MTN Uganda’s position as the number one telecommunications company in Uganda. The accolades that MTN Uganda scooped are; …

THIS WEEK: USE unveils University Challenge Kampala, Uganda |THE INDEPENDENT | Uganda Securities Exchange has unveiled the USE University Challenge in a bid to inculcate an investment culture among students in universities. The three month Challenge that will end in December seeks to give youth a platform to trade and …

THIS WEEK: NSSF unveils $400million Lubowa housing project The National Social Security Fund broke the ground for the construction of 2,740 housing units on its 565 acres of land in Lubowo, a Kampala suburb. Speaking at the ground breaking ceremony on Sept. 26, NSSF Managing Director, Richard Byarugaba, said the …

THIS WEEK: Uganda Baati to train 600 roof technicians Kampala, Uganda |THE INDEPENDENT |Uganda Baati, one of the country’s oldest roofing solutions provider, has unveiled a campaign dubbed the Fundi Club campaign that will see over 600 roof installers trained countrywide. George Arodi, the country manager said the firm decided …