Business

Kalangala, Uganda | THE INDEPENDENT | Women and children in Kalangala district are making fortunes in adding value to some of the neglected residues of the palm oil trees grown in the area. In 2000, the government with support from the International Fund for Agriculture Development-IFAD started mobilizing for the cultivation …

Kampala, Uganda | THE INDEPENDENT | When Emmanuel Tumusiime Mutebile died early last year, Keith Muhakanizi was one of those widely suggested among those likely to become new Governor Bank of Uganda. To those with that view, it would be good to see the accomplished economic strategist replace his former Ministry …

Tororo, Uganda | THE INDEPENDENT | The China Road and Bridge Corporation, CRBC, has signed a contract with the government to rehabilitate the Tororo to Gulu section of the meter gauge railway line. This comes days after the company completed the rehabilitation of the Malaba-Tororo stretch which is now operational. …

Kampala, Uganda | THE INDEPENDENT |  Centenary Bank has joined hands with Rotary Club towards the continued support of the humanitarian initiatives. This was announced at a press launch held at Kampala Serena Hotel where Rotary unveiled the official partners of the 98th Rotary District Conference. Speaking at the launch, …

Nabilatuk, Uganda | THE INDEPENDENT |  Farmers in Nabilatuk District have raised a concern about the high costs of hiring government tractors. Early this month, the Agriculture Ministry flagged the tractor-hire scheme in an effort to address the hunger crisis in the region. The leaders and the district’s technical officers …

Tokyo, Japan | Xinhua |   Japan’s benchmark Nikkei stock index rose for a fifth straight day on Thursday as hopes for the domestic retail sector lifted the market mood, although financial stocks dragged on continued concerns over a U.S. recession. The 225-issue Nikkei Stock Average gained 74.27 points, or 0.26 …

Kampala, Uganda | THE INDEPENDENT |  President Yoweri Kaguta Museveni has directed the State House Anti-Corruption Unit (SHACU) to investigate irregularities in the allocation of lockups and stalls at Arua central Market. While addressing a public rally at the West Nile golf ground in Arua City on Wednesday, Museveni said …

Kampala, Uganda | THE INDEPENDENT | Parliament has recommended the establishment of an independent technical evaluation team for Isimba Hydro Power Project to ascertain its integrity. The House chaired by Deputy Speaker Thomas Tayebwa on Wednesday, 12 April 2023, adopted the report of the Committee on Environment and Natural Resources …

The Ministry of Finance, Planning, and Economic Development set a target of 25.555 trillion Shillings for URA for the 2022/2023 financial year Kampala, Uganda | THE INDEPENDENT | Uganda Revenue Authority (URA) forecasts indicate it will register a shortfall of 365.13 billion Shillings this financial year. This is according to …

Kampala, Uganda | THE INDEPENDENT |  The National Environment Management Authority-NEMA has now extended its operations to enforce non littering laws in Uganda through having litter bins to all petrol stations. In a statement issued by the Berirega Akankwasah, the NEMA executive director, effective 1st May 2023, the authority will …