Tag Archives: Business

Kampala, Uganda | THE INDEPENDENT | Uganda’s National Social Security Fund contributions will soon hit Shs9 trillion due to increased compliance and introduction of voluntary contributions, according to the Fund’s Managing Director, Richard Byarugaba. Byarugaba, who spoke during the launch of Fund’s Corporate Centre at Workers House in Kampala, said company’s …

Kampala, Uganda | THE INDEPENDENT | A one-year microenterprise graduation program targeting the ultra-poor in rural Africa offers a cost-effective way to tackle extreme poverty, according to preliminary results of a new study released in Kampala on Thursday. These preliminary results suggest that Village Enterprise’s integrated “graduation” model—comprised of targeting, training, …

BoU, UEDCL and Mandela National Stadium listed amongst those in red Kampala, Uganda | JULIUS BUSINGE | Uganda’s state-owned enterprises seem to be bleeding.  The latest Auditor General’s report shows that five out of the 29 state owned enteprises recorded losses in the recent two consecutive years. They include; Bank of …

Kampala, Uganda | THE INDEPENDENT | Uganda’s Annual Headline Inflation for January 2018 dropped to 3% from the 3.3% registered in December last year while Core Inflation fell to 2.6% from 3% , according to the latest figures provided by the Uganda Bureau of Statistics (UBOS). This is lower than …

Kampala, Uganda | THE INDEPENDENT | Kenya’s national carrier, Kenya Airways, will unveil non-stop Nairobi-Cape Town flights starting June this year in what appears to be a new wave of expansion. The airline will operate three times a week, every Wednesday, Friday and Sunday, using a Boeing B737-800NG aircraft. It …

Kampala, Uganda | GODFREY SSALI | The murder trial of Pine Car Bond proprietor Muhammad Ssebuufu resumed Thursday before the High court in Kampala with a witness identifying to court the accused as the person he saw torturing Donah Betty Katusabe in 2015. Ssebuufu and seven other people are accused of …

Paris, France | AFP | The French league (LFP) has reached a “major agreement” with two networks to broadcast Ligue 1 games in Sub-Saharan Africa, it announced Monday, a clear sign of the impact made by the arrival of Neymar. The deal means French-language network Canal+ and Kwese, in English and …

Washington, United States | AFP | US job creation accelerated in January, as the labor market continued to absorb workers at a robust pace, unemployment clung to a record low and wages moved higher, the government said in a key report Friday. And with a near 10-year record in wage …

Theunissen, South Africa | AFP | All 955 gold miners trapped underground for more than a day in South Africa after a power cut were rescued unharmed on Friday, to the joy of waiting relatives. “Everybody’s out,” mine spokesman James Wellsted told AFP, adding that there were no deaths or …

Cooperative banks worldwide were financed by cooperatives societies  Kampala, Uganda | ISAAC KHISA | For some time now, Uganda’s cooperatives societies have expressed the need to re-establish the Cooperative Bank as their main source of capital for production, processing, diversification and value addition. Whereas they seem to have made a …