Business

Projections foresee sustained economic growth, propelled by investments in the oil and gas and mining sectors Kampala, Uganda | THE INDEPENDENT | In a strategic move to stabilize the country’s economic conditions, Uganda’s central bank has opted to maintain the Central Bank Rate (CBR) at 9.5%, despite a further decline in …

Nebbi, Uganda | THE INDEPENDENT | Nebbi Municipality Council has given owners of kiosks and food vendors operating within the Central business district (CBD) an ultimatum to vacate the area. The affected traders are those settled along Pithua Road, Uringi Road, Nebbi-Alwi-Pakwach Road, and within the market square. The traders had …

Kampala, Uganda | THE INDEPENDENT | The government has said the second edition of the business forum between Uganda and the United Arab Emirates aims to attract more Foreign Direct Investments – FDIs to promote agro-industry, tourism, and technology transfers. The forthcoming business forum will take place at the Commonwealth Resort …

Rukiga, Uganda | THE INDEPENDENT | Butchers in Rwamucucu sub-county in Rukiga district are protesting recently hiked slaughtering fees. The butchers have been paying sh2,000 for each goat or pig slaughtered and sh5000 for a cow. However, last week, the veterinary department ordered them to start paying sh5,000 for each goat …

Kampala, Uganda | THE INDEPENDENT | The adoption of green energy to power businesses in rural areas is gaining acceptance as business owners opt for solar gadgets such as refrigerators, television sets, and lighting, as a solution to frequent power usage challenges, according to Village Energy Solar Solution, a social enterprise …

  Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda has decided to maintain the Central Bank Rate (CBR) at a high 9.5 percent despite further drops in inflation rates in the month of September. The CBR is a tool that the central bank uses to direct the cost …

Kampala, Uganda | PATRICIA AKANKWATSA | In a landmark move set to redefine the future of transportation in Uganda, homegrown electric vehicle (EV) manufacturer BODAWERK has unveiled a strategic partnership with Watu, a prominent financial services provider. The collaboration aims to fund an ambitious expansion project and electrify the country’s …

  Kampala, Uganda | THE INDEPENDENT | The Parliamentary Committee on Tourism, Trade, and Industry has recommended the termination of the contract of Helmsman Quality & Technology Services Limited, a Chinese firm providing Pre-Export Verification of Conformity (PVoC) services for Uganda. This decision comes following concerns raised during due diligence …

  Mbale, Uganda | THE INDEPENDENT | Prudential Uganda has announced a groundbreaking partnership with Tusafishe a non-government Organization that seeks to enhance the provision of clean and safe drinking water to five schools in Mbale district. The selected schools include Nkoma Secondary School, Mbale High School, Nabuyonga Primary School, …

Kampala, Uganda | THE INDEPENDENT | City Hall Grade One Magistrate Rehema Nassozi Ssebowa has remanded two men to Luzira Prison on charges of obtaining money by false pretense and conspiracy to commit a felony. The suspects, James Mugisha, a resident of Kitende, Kajjansi Town Council in Wakiso District, and …