Business

Why CSOs are warning of looming crisis in EAC and SADC ANALYSIS | RONALD MUSOKE | Civil society organisations have warned governments in the East African Community and the Southern African Development Community (SADC) to act fast to tackle the growing menace of illicit financial flows in the two regional economic blocs. …

Equity Bank Uganda Limited Appoints Gift Shoko as Managing Director Kampala, Uganda | THE INDEPENDENT |  Equity Bank Uganda, a subsidiary of Equity Group Holdings Plc has announced the appointment of  Gift Shoko from Zimbabwe as the new Managing Director to replace Anthony Kituuka who resigned late last year. Shoko has been …

Kasese, Uganda | THE INDEPENDENT | Apple farmers in Kasese District are expressing frustration over the lack of a reliable market for their produce. Despite benefiting from the awareness campaign by Operation Wealth Creation (OWC) to promote fruit growing, farmers say they face significant challenges due to the absence of …

Addis Ababa, Ethiopia | THE INDEPENDENT | Shelter Afrique Development Bank (ShafDB) and the African Union (AU) have signed a groundbreaking Memorandum of Understanding (MOU) to collaborate on addressing Africa’s critical housing and urban development challenges. The partnership which confers Shelter Afrique an Observer Status at the African Union, aligns …

Kampala, Uganda | THE INDEPENDENT |  Ahead of the highly anticipated annual Ikon Awards 2025, Hollywood’s Morocco Omari facilitated an acting masterclass with over 200 attendees at UCC House Bugolobi. Omari is a seasoned screenwriter, and producer, celebrated for his prominent roles in Empire, Chicago Fire, Homeland, and many other popular …

Kampala, Uganda | THE INDEPENDENT | The African Development Bank Group, World Bank Group, African Union, and the Government of the United Republic of Tanzania will host a landmark Energy Summit for African Heads of State and Government on Monday, January 27, and Tuesday, January 28, 2025, in Dar es Salaam, …

Kampala, Uganda | THE INDEPENDENT | The Uganda shilling seemed to be halting the downward trend against the dollar at the close of the week, at 3,695.05 buying and 3705.05 selling, on Friday, according to the Central Bank. The shilling has been depreciating since December 19, 2024, when the dollar was …

Soroti, Uganda | THE INDEPENDENT | Cassava farmers in Teso are facing a dire situation as prices for their produce have plummeted in the region. This crisis is exacerbated by diseases affecting cassava crops, leading to rotting and further diminishing market value. Augustine Akutu, a renowned farmer and Chairperson of Businessmen …

Kampala, Uganda | THE INDEPENDENT | Airtel Uganda’s Managing Director, Mr. Soumendra Sahu, fondly known as Som, has this morning paid a courtesy visit to the Uganda Communications Commission (UCC) Executive Director, Hon. Goerge William Nyombi Tembo. Hon. Nyombi welcomed Mr. Sahu to Uganda and assured him of UCC’s regulatory …

Kitgum, Uganda | THE INDEPENDENT |   Blencowe Resources Plc. has announced the commencement of the Phase 7 exploration programme that involved drilling, at its Orom-Cross graphite project in Kitgum district. Blencowe acquired the Orom-Cross Graphite Project mining license in 2019 for 21 years through the acquisition of a 100 percent …