Business

Kampala, Uganda | THE INDEPENDENT | The country’s inflationary landscape has seen a mixture of modest improvements and persistent challenges. According to the Uganda Bureau of Statistics (UBOS), the Annual Average Headline Inflation for 2024 was registered at 3.3 percent, a significant improvement from the 5.4% recorded in 2023. The drop …

Rabat, Morocco | RONALD MUSOKE | Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), was recently honored with the “African of the Decade” award at the 2024 Africa Investment Forum in Rabat, Morocco. The prestigious award, presented by Rakesh Wahi, Chairman of the ABN Group, recognizes individuals who have …

Kampala, Uganda | THE INDEPENDENT | The Executive Directors of the Uganda Coffee Development Authority (UCDA) and the National Agriculture Advisory Services (NAADS) will start New Year by handing over offices and government property. Also affected by the Parliament’s decision to repeal the various acts that established agencies, is the …

Mbale, Uganda | THE INDEPENDENT | Mbale City Police are investigating circumstances under which a man was shot twice and robbed of sh50 million in broad daylight. The victim, David Ongom, a 42-year-old accounts clerk at Lumolo Trading Company, was on his way to deposit the money at Dfcu Bank’s …

NAIROBI | Xinhua | The African economy has maintained a steady growth in 2024, demonstrating resilience and potential despite global challenges such as geopolitical conflicts and growing protectionism. Over the past year, African countries have intensified domestic reforms while promoting global cooperation. These efforts have resulted in significant advancements in …

ITHUBA Uganda announces life-changing sh100 Million POWERBALL Rolldown to ring in the New Year Kampala, Uganda | THE INDEPENDENT | Today, December 31st is the day of the highly anticipated year-end POWERBALL Rolldown of UGX 100 million. This extraordinary opportunity awaits players if the sh1.2 billion POWERBALL jackpot remains unwon during …

  Kampala, Uganda | THE INDEPENDENT | Airtel Uganda, a leading 4G telecommunications network held its annual Partners Breakfast Meeting at its Bugolobi offices bringing together over 13 major network partners to reaffirm their shared commitment to delivering exceptional telecommunication services during the festive season and beyond. The event showcased …

However, infrastructure gaps in remote mining areas continue to hinder resource accessibility and operational efficiency Kampala, Uganda | JULIUS BUSINGE | Uganda’s extractive industry marked a year of significant strides in 2024, with advancements in mining and oil and gas shaping the sector’s outlook. Bolstered by government initiatives, increased investment, and …

Without course correction, 20 of 26 countries would remain poor through 2050 ANALYSIS | AGENCIES | The next 25 years could prove decisive in determining whether the world’s 26 poorest countries progress to middle-income status, a new World Bank analysis shows. Home to more than 40 percent of people struggling on …

Tanzania’s $10bn SGR is an electrified medium-speed line that will eventually connect the commercial capital of Dar es Salaam with the densely populated Great Lake states of Burundi, Rwanda and Uganda DAR ES SALAAM | Xinhua and Agencies |  The Tanzania Railways Corporation (TRC) said Wednesday that it had received …