Business

   Gulu, Uganda | THE INDEPENDENT | Uganda Development Bank (UDB), the country’s Development Finance Institution (DFI) has recently launched its inaugural regional office situated in Gulu City aimed at serving Northern Uganda. Situated along Lower Church Hill Drive, the Gulu City office will act as a liaison point for …

Kampala, Uganda | THE INDEPENDENT  |Public-private partnerships are crucial to closing the financing gap for infrastructure development in Africa, and governments and the private sector should work together to create effective PPPs, said Dr Robert Lisinge, Acting Director of the Private Sector Development and Finance Division at the UN Economic …

Kampala, Uganda | THE INDEPENDENT | The rehabilitation of the Kampala-Namanve railway is finally entering the last phase. This stretch, which is part of the Kampala-Mukono line was scheduled for completion in September, but “unforeseen circumstances” delayed it, according to John Linonn Sengendo, the Uganda Railways Corporation (URC) spokesman. He said, …

Kampala, Uganda | THE INDEPENDENT | Plastic waste will be put to good use as an alternative fuel in cement production thanks to a new three-year partnership between Coca-Cola Beverages Uganda (CCBU) and Hima Cement Limited announced on Nov.17 in Kampala. CCBU will provide Hima Cement access to plastic waste from …

Kampala, Uganda | THE INDEPENDENT | Top national economic statistics generating agencies have come together to form a single platform that would ensure accurate and more acceptable indicators. Apart from the Uganda Bureau of Statistics (UBOS), the other major producers of national statistics are the Bank of Uganda (BOU) and …

Kampala, Uganda | THE INDEPENDENT | African Export-Import Bank has clinched the prestigious “Sustainable Deal of the Year” award for its groundbreaking efforts in establishing the Liquidity and Sustainability Facility (LSF). This recognition, presented by Uxolo Global 2023: Development and Impact Finance and co-hosted by TXF, celebrates Afreximbank’s role in enhancing …

Uganda is setting up numerous infrastructure projects including pipeline, oil processing facilities and airport among others for its nascent oil and gas resources ahead of production Kampala, Uganda | THE INDEPENDENT | MTN Uganda is positioning itself to harness the opportunities presented by the oil and gas sector with substantial investments …

Latest data from the Petroleum Authority of Uganda shows that the country has a minimal emission rate of greenhouse gases, accounting for only 0.02% of global greenhouse gas emissions Kampala, Uganda | JULIUS BUSINGE | Uganda’s non-governmental organizations (NGOs) are advocating for sustainable oil and gas development to safeguard the environment, …

Kampala, Uganda | THE INDEPENDENT | Reckitt has showcased its dominance at this year’s People’s Choice Awards, a gala event held in Kampala. Four of Reckitt’s esteemed brands, Dettol, Harpic, Mortein, and Jik stood out, earning recognition as the best in their respective categories. Dettol antibacterial soap, a flagship product of …

An expert view on why and how to reverse it ANALYSIS | ODONGO KODONGO | Kenya’s stock market recently suffered steep losses, making it the worst performing globally. The weak performance has persisted: the Nairobi Securities Exchange 20-share index stood at about 1420 on 10 November 2023, having fallen from 1509 …