Business

The company is investing US$1millon in its first year of operation Zambia – which will be used a hub for regional expansion Lusaka, Zambia | THE INDEPENDENT | Kenya’s B2B retail and e-commerce company, Wasoko, has expanded into the Southern African market, with Zambia as the first investment destination. The company …

  Kampala, Uganda | THE INDEPENDENT | Airtel Uganda has launched a new brand campaign focused on building a deeper emotional connection with Africa’s youth. The campaign includes a new strapline for Airtel Africa: ‘Reason to Imagine’. It is driven by the insight that in Africa, imagination is the only …

Kampala, Uganda | THE INDEPENDENT | Uganda’s property market is experiencing an increase in demand riding on the oil and gas development. The Independent caught up with Moses Lutalo, the managing director at Broll Uganda Ltd, a property management firm, for an interview on the developments in the rental space segment. …

Rwanda’s successful Eurobond repayment serves as a reminder that there is resilience in African bond markets, despite the “perfect storm” of COVID-19, high inflation and trade disruptions SPECIAL FEATURE | BIRD AGENCY | In the face of economic challenges, Rwanda has achieved a significant milestone by successfully repaying its $400 …

Kampala, Uganda | THE INDEPENDENT | Absa Bank Uganda has today announced a partnership with the Kampala City Council Authority (KCCA) focused on three areas of intervention, namely; supporting environmental sustainability, skilling of women & youth, and behavioural change communication. The partnership is intended to run for three years, and Absa …

Banks are ready to finance the sector but with stringent conditions    Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …

Kampala, Uganda | THE INDEPENDENT | Following pressure from the House, the Attorney General has revealed that government will challenge the interim orders exempting payment of taxes on gold exports. Kiryowa Kiwanuka made the disclosure while responding to concerns raised by legislators on a waiver issued by the Ministry of …

Kampala, Uganda | THE INDEPENDENT  | The Speaker of Parliament, Anita Among, has guided the Attorney General, Kiryowa Kiwanuka, to re-introduce the Narcotic Drugs and Psychotropic Substances (Control) Bill, 2016, following its annulment by the Constitutional Court on 05 May 2023 due to lack of quorum. “Since the bill is …

Kampala, Uganda | THE INDEPENDENT | Parliament has given the green light for a supplementary request of Shs4.4 trillion to cover additional expenses in the 2021/2022 fiscal year. On 10 May, the finance ministry presented a Supplementary Appropriation Bill to Parliament, seeking an extra Shs4.4 trillion to address unforeseen expenses …

  Kampala, Uganda | THE INDEPENDENT | Kyosk Digital Services Uganda has celebrated the end of its first financial year by announcing its expansion to new locations, highlighting its growth and impact on the traditional FMCG sector in Uganda, which is the first phase in revolutionising the retail landscape. To …