Business

Since the last MPC in October, new data has shown that amidst a surge in fuel prices, inflation has continued to slow down Kampala, Uganda | THE INDEPENDENT | On Dec.6, the Bank of Uganda (BoU) kept the central bank rate unchanged and promised to keep monitoring inflation and ensuring the …

Kampala, Uganda | THE INDEPENDENT | Group CEO of Airtel Africa plc, Segun Ogunsanya, has reaffirmed the importance of an enabling policy environment for sustainable development and climate action in partnership with Africa’s private sector at COP28. Ogunsanya, a member of the United Nations Global Compact’s African Business Leaders Coalition (ABLC), …

The issue of alcohol has an economic, social and health impact on society and we must strike a balance in the bill Kampala, Uganda | THE INDEPENDENT | The Uganda Alcohol Industry Association has brought to the attention of the Minister of State for Investment Evelyn Anite and the Minister of …

Kampala, Uganda | THE INDEPENDENT | MTN Foundation’s Digital Access for Inclusion program has opened the doors of technology to nearly 1,400 learners with disabilities across five schools in Uganda this year, marking a significant investment of Shs800 million. The impact of the program reverberates across different regions, with Salama School …

DAR ES SALAAM, TANZANIA | Xinhua | The opening ceremony of the 23rd edition of the East African Community (EAC) Micro, Small and Medium Enterprises (MSMEs) trade Fair was held on Friday in the Burundian capital Bujumbura, said a statement. The statement by the EAC headquarters in Tanzania’s northern city …

Kampala, Uganda | THE INDEPENDENT | Small and medium-scale enterprises are still experiencing an increase in the cost of production and inputs, even as COVID-19 is long gone.   This is according to the results of a survey done by the Economic Policy Research Centre (EPRC) meant to among others assess business …

Dubai, UAE | THE INDEPENDENT | The host and President of COP28 President, Sultan Al Jaber says the annual climate summit taking place in Dubai has already made history.  He told Journalist that more than $83 billion had been mobilized during the first week of the conference. Unlike at past Climate …

Entebbe, Uganda | THE INDEPENDENT |  President Yoweri Kaguta Museveni has okayed the mining of lithium in Ntungamo district to allow for the manufacture of electric car batteries. Museveni gave the green light while meeting a group of investors from Strand Hanson Limited, a London-based company at State House Entebbe. …

Kampala, Uganda | THE INDEPENDENT |  Major contracts for construction activities for the Tilenga project have been awarded two years after a Final Investment Decision (FID) for the project was taken. The project is located in Bulisa and Nwoya districts and is led by TotalEnergies. Philippe Groueix, the Chair of …

Kampala, Uganda | THE INDEPENDENT & URN |  At least sh3.6 billion has so far been lost by Ugandan investors in closed-down investment companies, which were declared Ponzi Schemes by the Capital Markets Authority (CMA). CMA issued a warning to the public on 18th  September 2023 on potential losses from investing …