New study shows the industry is expected to register growth in the next five years Kampala, Uganda | JULIUS BUSINGE | Buyers of cement have a reason to smile as cement prices fall citing oversupply. A 50kg bag of cement is now trading at Shs 28,000 compared with Shs 38,000 …
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Analysts fear move will accumulate more debt for African countries Kampala, Uganda | RONALD MUSOKE | Africa could further sink into more debt if China goes ahead with plans to sell the continent’s debt to investors, starting next year, observers fear. Hong Kong Mortgage Corporation (HKMC), a leading Chinese banking conglomerate, …
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Arua, Uganda | THE INDEPENDENT | The central bank has cautioned the public against borrowing from unregulated bodies. Balaam Ssempala, the Deputy Director Deposit Protection Unit in the Central Bank says that in the event of liquidation or closure of such unregulated institutions, the depositor stands a high risk of …
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Kampala, Uganda | THE INDEPENDENT | MV Kalangala, the marine vessel plying Nakiwogo in Entebbe to Lutoboka landing site in Kalangala island has triggered complaints in the recent months ranging from inefficiency, overloading and engine defaults from travelers. Last week, Ministry of Works and Transport issued new guidelines to Nation …
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Riyadh, Saudi Arabia | AFP | Saudi energy giant Aramco has signed 31 agreements and memoranda of understandings worth $27.5 billion with local and international suppliers, CEO Amin Nasser said Monday. “We signed $27.5 billion (24 billion euros) in a total of 31 commercial collaborations,” Nasser said in a statement …
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Kampala, Uganda | IAN KATUSIIME | Tracy Akello and Rachael Kemigisha will have a memorable experience as they watch the Formula One Grand Prix live in Abu Dhabi, United Arab Emirates. The two are the first ladies among the lucky eight Ugandans who have always been selected to watch the …
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Poor money management skills blamed for the biting poverty Kampala, Uganda | THE INDEPENDENT | Teaching financial literacy to adult populations has got a lift with the unveiling of an online platform that will make financial education more interesting. SIMU Plus has partnered with Uganda Telecom for a roll-out of …
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THE LAST WORD: Why many Ugandans are stuck in poverty and unemployment even in the face of opportunities THE LAST WORD | Andrew M. Mwenda | I have lately been arguing in this column that one of the most important drivers of prosperity is human capital. The better the human …
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Caxito, Angola | AFP | Boxes of still-green bananas were shifted one-by-one from a towering stack of crates into a refrigerated shipping container. Stamped “From Angola, with love”, the fruit is shipped to consumers 6,000 kilometres (3,700 miles) away and are part of Luanda’s drive to diversify its economy …
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Artificial Intelligence, Oil, tourism and agriculture discussed at Uganda’s ACCA 2018 convention Kampala, Uganda | JULIUS BUSINGE | Uganda’s Association of Chartered Certified Accountants (ACCA) will aim to raise members professionalism as they focus on providing guidance in the the oil sector. Andrew Ssekamwa, the vice chairperson – ACCA Members …
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The Independent Uganda: You get the Truth we Pay the Price
