THERE are prospects in many places across the continent of Africa. It provides a unique environment for revolutionary growth due in part, to its young and capable population, its resources, and emerging markets. For this to be realized fully, though, there are key questions that need to be answered on …
Read More »CMC Motors Group to exit East Africa
The company has been a cornerstone of the region’s agricultural sector, providing essential machinery and support to farmers Kampala, Uganda | THE INDEPENDENT | CMC Motors Group, a prominent player in East Africa’s automotive and agricultural machinery market, has announced plans to gradually wind down operations in Uganda, Kenya and Tanzania. …
Read More »Prosper Africa, Afreximbank partners to promote US-Africa trade
Washington, DC | THE INDEPENDENT | Prosper Africa and African Export-Import Bank have signed a new Memorandum of Understanding to boost trade and investment between the United States and Africa in key sectors. This strategic partnership aims to leverage the unique strengths of both organizations to mobilize trade opportunities and investment …
Read More »Boda Boda Development Model launched at Serena Hotel
Boda Boda bank mooted Kampala, Uganda | THE INDEPENDENT | Uganda’s Minister for Local Government Raphael Magyezi has launched the National Boda-Boda Stage Development Model (NBSDM) at a colorful ceremony at Serena Victoria Ballroom in Kampala. Magyezi said NBSDM will help address the many challenges in the country’s rapidly growing …
Read More »Ethiopia gets a stockmarket. Now it just needs some firms to list
The country is no longer the most populous without a bourse Ethiopia | AGENCIES | It was a momentous occasion. But the peal of the bell did not initiate a flurry of trading at the Ethiopian Securities Exchange, which opened on January 10th. With no brokers and only one listed stock, …
Read More »Experts challenge UCAA on aviation policy, hail new look airport
Kampala, Uganda | THE INDEPENDENT | Aviation experts have challenged Uganda Civil Aviation Authority (UCAA) to fast track the proposed national aviation policy and strategy, as it will be key in giving the country new direction and help the regulator keep pace with the best in the world. The experts asked …
Read More »Why sugar ruling has left a bitter taste
Lugazi, Uganda | THE INDEPENDENT | At least 12 sugar millers in Uganda face closure following a ruling by the High Court that they were established illegally. The Monday ruling in the case, “Uganda Sugar Manufacturers Association (USMA) Limited v Attorney General and three 3 Others”, faulted the government for …
Read More »UIA seeks Shs173.9bn for FY2025/26 to drive industrialization
The country’s investment promotion agency licensed 426 planned investment projects valued at Shs9.63tn in the FY 2023/24 Kampala, Uganda | JULIUS BUSINGE | The Uganda Investment Authority (UIA) is seeking Shs173.9billion for the Financial Year 2025/2026 to cover wage and non-wage expenditures, with the bulk of the money, Shs161.5billion in already …
Read More »Why you must understand ESG
OPINION | Micheal Bulyerali | There has been a lot of corporate buzz around the acronym ESG, which stands for Environmental, Social, and Governance. This framework guides institutions, communities, and individuals in creating sustainable value. But why should this matter to you as an individual? Why should we, beyond organizations and governments, …
Read More »Choosing the best car rental for your self-drive adventure in Rwanda
TOURISM TIPS | THE INDEPENDENT | Going on a safari in Rwanda offers you a unique chance to see wildlife in flesh. Whether you want to see the Big Five or want to witness the Great Migration, there is a choice for every traveler. A safari in Akagera or Volcanoes National Park …
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